The old established public chain that does not lie flat relies on a three pronged approach for recovery I like to use Kaito to observe social emotions, Defillama to observe fund movements, and DappRadar to observe user activity. Observing and synthesizing, it is found that established public chains such as @ SonicLabs, @ Aptos, and @ NEARProtocol are all working frantically, but many people are still unaware. Let's sneak in! ⬇️ Replacing blood, repositioning, and reducing inflation are the three pronged strategy for the recovery of old public chains that I have summarized. I have introduced Sonic and Aptos, and now Near has also begun. As the first generation of high-performance public chains, sharding technology has always been a source of pride for Near. Fast speed and low cost are great, but they also pose a hidden danger: high inflation. To put it simply, due to the low gas, the actual amount of tokens destroyed is much smaller than those issued, resulting in oversupply, inflation, and a lack of interest for large households and ecological collective retirement. From a data perspective, Near has a fixed annual inflation rate of 5%, which is much higher than the expected 2-3%. Due to the extremely low transaction cost burn of only 0.1%, the actual net inflation rate is as high as 4.9%. Approximately 60 million NEAR tokens are added annually, with a staking yield of up to 9%. Okay, what's the result? The price keeps falling, the value of tokens is diluted, holders of coins prefer to pledge rather than play DeFi, and ecological projects are giving up one after another, creating a vicious cycle. Fortunately, they haven't given up and are still working hard. Now they have put forward a voting proposal to reduce emissions. Let me summarize the core points: The maximum inflation rate has been reduced from 5% to 2.5% Combined with a cost burning rate of 0.1%, the actual inflation rate will decrease to about 2.4% Maintain a fixed maximum inflation rate for community understanding and regular adjustments through voting If the proposal is passed, NEAR will achieve lower inflation rates, reduce token dilution, enhance token value potential, incentivize DeFi participation, and align with leading blockchain inflation models, enhancing long-term competitiveness and community confidence. But there is also a huge challenge here, which is moving the cake of old things. What should we do? Reducing emissions will inevitably lead to a decrease in pledge interest, and if there is a large-scale release or sale of pledges, price fluctuations will be severe and safety will also be affected. I think it was mentioned in the discussion that the time weight will be increased to control the return rate at 4% -11%, which means that the longer the pledge, the higher the reward. It should be a great idea, but it depends on the execution. If you hold NEAR, you can vote and discuss it here: Voting Address: https://vote.linearprotocol.org The voting will end in 7 days, and now 36.16% agree. To pass, 66.67% is required, and the result can be observed. / The Near Foundation is very determined and adept at causing trouble. I think it's quite reliable to shift the focus of the chain towards AI before, but when I talked to the teachers about whether we can get on NEAR, there were also many concerns, mainly about inflation today. I will keep an eye on it. If it passes, it should be a big deal. For new protocols like @ rhea_finance that we talked about earlier, we must pay attention to them. The data has also skyrocketed recently. This is a soft core science popularization article, through which you can have a partial understanding of the following knowledge: ▰ The revival of old public chains with a three board axe Near: Strategies for Addressing High Inflation ▰ Soha Near Ecology (not Author: Anymose | A Soft Core Science Popularization Writer<Full Text End> *This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!