Today is the 6th anniversary of @NEARProtocol MainNet! A lot of great tech has shipped since Oct. 13, 2020 – but our vision has not changed: all people should be able to control their own assets, data, and power of choice. We all deserve access to tools and technology that enhance our sovereignty, intelligence, and opportunity – and in many ways this mission feels even more urgent than it did when we started NEAR 8 years ago. The last year has brought some great milestones: –@near_intents has moved $34B in volume, up from $2B this time last year –Intents integrated 15 more chains for a total of 35, with dozens of app integrations –Launched Confidential Intents, which grew to $3B as of today in volume and $170m TVL –near(dot)com launched & shipped tons of new features in under a year –Near One shipped dynamic resharding and post-quantum signing –Achieved 1M TPS in a public benchmark –@near_ai is providing confidential inference to Venice, Brave Browser, and the government of Bermuda – and is now available on OpenRouter –Token economics upgrades shifted towards greater value capture, including inflation halving, the Intents fee switch, and revenue generation –Launched House of Stake 2.0 and formalized tokenholder governance –@alexskidanov made major strides towards cheap, scalable formal verification –First NEAR ETF with @bitwise and first public treasury company launched @svrn_ai This only scratches the surface of our ecosystem’s achievements this year – thank you to all in the @NEARProtocol community, whether you’re a new believer or were there at the beginning. Let’s keep building in a positive-sum mindset and watch everyone else catch up.

With all respect to NEAR Intents, "Shield" sounds like a placeholder name. Call it SHERIFFCHENKO. Shield blocks. SHERIFFCHENKO blocks, finds the attacker, sends him a private DM, and then puts him to work on bug bounties for the good of NEAR. ---- SHERIFFCHENKO [Verse 1] there's a town where all the rivers of the world run into one, gold from Bitcoin mountains, Ether from the falling sun, ZEC timber from the Ironwood, Solana ponies on their trail — two hundred million every day, and thieves who try their luck, and fail 'cause the man who keeps the crossing never wore a star or gun — just a shield that never sleeps, and it can't be fooled by anyone: it don't go by the coat you wear, it reads the thief inside, they've tunneled, schemed, and dressed as saints — and not a one got by [Pre-Chorus] he ain't the law, for the law needs rope and a cell, he keeps folks' gold in their hands, and thieves know it well: [Chorus] Sheriffchenko! he is the world's last wall Sheriffchenko! one man that holds it all Sheriffchenko! black gold dies at the gate Sheriffchenko! and thieves don't make him wait [Verse 2] then a stranger from a far-off eastern chain came ridin' through, swore he'd paid in crypto dollars, and the ledger took it true but the gold he swore he carried never touched the vault at all — just a ghost upon the paper, and he cashed the ghost, that's all a fortune slipped out through the gate before the ledger and the vault could say "that don't add up" — forty minutes, and six riders barred the gate that day [Pre-Chorus] he ain't the law, the law needs rope and a cell, he just wants the gold back home, and the thieves know it well: [Chorus] Sheriffchenko! he is the world's last wall Sheriffchenko! one man that holds it all Sheriffchenko! black gold dies at the gate Sheriffchenko! and thieves don't make him wait [Verse 3] the council read the logs till dawn and followed every track, 'til they had a name and a face — and the sheriff wrote it back: "we have identified you, sir" — in a code the thief had known, like a magician tips his hat to a trick that's been his own and a coin came back: "I'll cooperate — just give me your Signal, friend," so the sheriff sealed a letter with the outlaw's lock to send [Verse 4] no other soul could break that seal, not till the quantum dawn, and the outlaw found the hidden room, and the talkin' carried on his gold had turned to Monero smoke — "so where do I send it back?" and the sheriff touched Monero for the first time on that track [Bridge] they asked him, "Sheriff, will you hang him? will you lock him in the cell? will you preach him from the gallows how a decent man should dwell?" "I am not police! I am not their dad! I just want the users' money back!" [Verse 5] "so listen, kid — you find a crack, don't kick the door in, no: take the bounty, buy a Lambo, tell the story at the show, a white knight on a white horse, with the whole crowd gathered 'round — 'cause the ones who steal keep lookin' back, and can't spend what they found" [Pre-Chorus] if a thief can take the gold and nothin' happens when he's gone, then the gold ain't worth a nickel, and the future won't come on [Final Chorus] Sheriffchenko! no mask, no name, no night Sheriffchenko! can hide you from his sight Sheriffchenko! don't need your head to roll Sheriffchenko! the users' gold stays whole [Post-Chorus] Ethereum won't carry you if you ain't got the ETH to pay, and Intents won't wash your dirty gold, no matter what you say, it ain't a cage, it ain't a chain, it's just the rules of the game, the law of the crossing, son — and the sheriff stays the same [Outro] I am not police... I am not their dad... I just want the users' money back...

BREAKING: NEAR stakers vote in one week on cutting issuance from 2.5% to 1.6%. The stated end goal in the same proposal is zero issuance and a fixed supply. One parameter, phased in every epoch over 24 months. The 90/10 split between stakers and treasury stays as it is. > 2.5% adds about 89,500 NEAR to supply every day > 58.7% of NEAR is not staked, so those holders are diluted and get nothing back > 6 years on the new schedule avoids about 66M NEAR, roughly $329M at today's price > supply went from 1B at launch to over 1.3B in circulation > staking yield goes from about 5.4% to about 3.5% A House of Stake vote is not the end of it. Validators still have to adopt the change through the normal upgrade process, the same way the 2025 halving happened. The usual objection is that small validators quit. NEAR already ran that test. When issuance was halved from 5% to 2.5% last October there were 342 validators. Dollar revenue per staked NEAR then fell about 75% as the price dropped, and the set grew to 382, peaked at 439 in April, and sits at 413 today. The proposal comes from the CEO of SVRN, which holds 55M+ NEAR, most of it staked. It cuts their own staking revenue by roughly 970,000 NEAR a year, about $5M. He disclosed that himself. Part two is not a proposal yet, it is a direction. Issuance should eventually END. To be continued...