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NEAR Protocol proposes $57M sovereign fund to finance network security and ecosystem growth.

Protocol Fundamentals
04 Aug 2026
Crypto news
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Bullish
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NEAR Protocol co-founder Illia Polosukhin proposed creating a sovereign fund seeded with 30 million NEAR tokens, worth about $57 million, to support validators, multiparty computation providers, and other public goods. The fund aims to use protocol revenue to acquire NEAR tokens and generate sustainable yield, rather than burning tokens for temporary supply reduction. This initiative is part of broader tokenomics changes, including inflation cuts and revenue-directed NEAR purchases. Stakeholders have two weeks to comment before formal governance steps are considered, with details on yield strategies and spending yet to be defined.

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