A few days ago, I just finished watching @rhea_finance on Near. I continued to look at some other information on the blockchain. Currently, Near: - Ranks 35th in TVL on DeFillama, close to TON - Ranks 1st/2nd in UAW (Unique Active Wallets) on DappRadar, which is quite incredible and feels different from the actual experience. I also saw an ongoing, relatively important proposal to reduce inflation: Discussion address (contains voting): Holders should take a look at the voting; it will end in about a month. 1️⃣ Background of the proposal - The current annual inflation is 5%, but due to Near's extremely low transaction fees, the burn mechanism can only destroy about 0.1% of the supply each year, leading to unnecessary token supply growth and dilution. - The inflation mechanism is compounded, which is not very friendly to holders. 2️⃣ Therefore, the proposal is to reduce inflation from 5% to 2.5%, which will have some impacts: - First, the issuance speed will undoubtedly decrease, which is a good thing overall, as many chains have already proven. - The current staking yield for $Near will temporarily decrease because of fewer rewards. - Many AI Agents are being deployed on Near, and if these scenarios become more active and consume enough $Near, it may create a deflationary range. 3️⃣ Challenges This is actually a challenge for Near, which is how to solve the problem of: decreasing inflation and lower staking yields. Some stakers will inevitably unstake, which will raise the yield and reach a new balance. Will unstaking affect the price of the token? I speculate that those who unstake, if they are so sensitive to yield, might be hedging users? New ideas are welcome. Near's approach might be to introduce a staking time factor, meaning that those who stake for a longer time can receive a higher APY, even exceeding the current range, with an expected range of 4% - 11%. This might hedge against this challenge. Let's see 👀