NEAR Foundation: 90% of 5% Annual Inflation Sent to Validators as Staking Rewards

The NEAR Foundation published its latest transparency report. The report states that the total supply of $NEAR has increased from the initial 1 billion to 1.1 billion due to inflation. For reference, 90% of the 5% annual inflation is sent to Validators to be paid out as staking rewards, with the residual 10% returned to the NEAR Foundation Treasury.

In addition, the NEAR Foundation said the number of tokens in circulating supply has been steadily increasing at a faster rate than the total circulating supply. In the past week, 3 million more $NEAR has moved from locked contracts to circulating, taking the number of circulating tokens from 827 million, to 830 million. This is typically due to further unlocks within both the NEAR Foundation Treasury and contractual vesting schedules.