NEAR Sinks 7% as HSP-029 Cuts Issuance to 1.6% — Lower Staking Yield Overwhelms Supply Story
NEAR fell 7% after HSP-029 passed with 99.9% support — the staking yield cut from 5.2% to 3.3% is overwhelming the long-term supply reduction benefit, and leveraged longs near $4.10–$4.20 face significant margin stress at 50x+ leverage.