Polosukhin Advocates for NEAR Protocol Sovereign Fund to Boost Network Sustainability

NEAR's Illia Polosukhin is advocating for a protocol sovereign fund to enhance network sustainability. This concept has been gaining attention in the crypto space, with some experts arguing that it could help mitigate the risks associated with decentralized finance (DeFi) protocols.

The idea of a protocol sovereign fund involves creating a fund that is backed by the native token of a protocol and is used to support the long-term sustainability of the network. In this case, Polosukhin suggests using NEAR's native token to create such a fund.

Polosukhin believes that a protocol sovereign fund could help reduce the risks associated with DeFi protocols by providing a safety net in times of crisis. This would allow developers to focus on building and improving the network without worrying about its financial stability.