Overview
- NEAR co-founder Illia Polosukhin posted a forum proposal to seed a NEAR Sovereign Fund with about 30 million NEAR as initial capital and opened a two-week comment period before any formal governance steps.
- The plan would consolidate protocol treasury and future revenue into a NEAR‑denominated fund that aims to generate yield to cover validator payments, multi‑party computation providers and ecosystem public goods.
- Polosukhin argued revenue should buy and hold NEAR to earn returns rather than be burned, saying sustained yield could let the protocol gradually cut issuance and potentially move toward a fixed token supply if security costs are met.
- Key implementation details are unresolved: the proposal does not name specific yield strategies, target returns, asset limits or launch timing, and community commenters have asked for exposure caps, independent oversight and transparent performance reporting.
- Markets and sentiment reacted positively with short-term price gains, whale accumulation and positive derivatives funding rates, while the proposal builds on prior tokenomics steps such as last year’s inflation cut and the February fee conversion to NEAR purchases.