Base-Layer Issuance and Treasuries Come Under Governance Pressure
As fee revenue fails to cover security spending, proof-of-stake networks will keep putting issuance cuts and treasury spending to token-holder votes, shifting costs between holders, validators and applicants and testing whether governance can act as a monetary authority.
forming · confidence 40 · Emerging (watchlist) · tracking since October 23, 2026 · updated October 23, 2026
Why the conviction moved
- Oct 23Strengthened +4
A proposal to cut NEAR issuance by 36% has split validators, and Cardano holders are weighing 22 million ADA from the treasury for a tokenized copper position. Two more networks are putting monetary issuance and treasury spending to token-holder votes.
Source trail
Supporting · October 23, 2026
Proposal to Cut NEAR Issuance by 36% Splits Validators, While Cardano Holders Weigh 22 Million ADA for Tokenized Copper
A proposal to cut NEAR issuance by 36% has split validators, and Cardano holders are weighing 22 million ADA from the treasury for a tokenized copper position. Two more networks are putting monetary issuance and treasury spending to token-holder votes.
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