Near Protocol Aims for Fixed Token Supply with New Sovereign Fund Proposal

Near Protocol co-founder Illia Polosukhin has proposed a new treasury system called the NEAR Sovereign Fund. The plan combines the protocol's existing protocol treasury with future revenue, invests it to earn yield, and uses that yield to pay for network security and public goods.

The fund would hold $NEAR itself and generate yield by putting the token to work across the ecosystem, such as through lending protocols.

Polosukhin shared the proposal as NEAR approaches its sixth anniversary of Mainnet launch. He frames the last five years as a 'bootstrapping phase' and says the network is now ready for a more sustainable economic model.