Today I chatted with a friend in the currency circle, and he said: "I am not afraid of the price of the currency, but what I am most afraid of is that assets are quietly eaten by inflation every day." ” This sentence expresses the common anxiety of many public chain holders. Typically, the annual inflation rate of public chain tokens is between 5% and 10%, and users will face asset dilution if they do not participate in staking. If you choose staking, you have to bear the liquidity risks and opportunity costs caused by lock-up. Coincidentally, a recent proposal from @NEARProtocol has attracted a lot of attention: it would directly reduce annual inflation from 5% to 2.5%, which is equivalent to switching from the previous "continuous release" mode to a "semi-tight" state. For long-term holders, this change in mechanism is undoubtedly a substantial benefit. Reducing inflation certainly helps with value precipitation, but it can also lead to a decline in staking yields. The key...
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