NEAR Governance Votes to Scrap Developer Gas Rebate

NEAR’s on-chain governance body, House of Stake, passed proposal HSP-027 to eliminate the protocol’s developer gas rebate, a change that will send all network gas fees to be burned rather than partly rebated to smart-contract owners. NEAR co-founder Illia Polosukhin confirmed the outcome Monday,… According to The Defiant, near’s on-chain governance body, house of stake, passed proposal hsp-027 to eliminate the protocol’s developer gas rebate, a change that will send all network gas fees to be burned rather than partly rebated to smart-contract owners. near co-founder illia polosukhin confirmed the outcome monday,…. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.