NEAR’s Illia Polosukhin Pushes for a Protocol Sovereign Fund to Boost Network Sustainability

TL;DR

• Illia Polosukhin proposed a protocol sovereign fund that would hold NEAR, generate yield and finance security, validators and other public goods across the ecosystem over time.
• The treasury would begin with roughly 30 million NEAR worth about $53 million, combining existing reserves with future protocol revenue and emissions.
• If successful, the model could reduce effective inflation, support a fixed supply transition and replace token burns with a durable funding base.

NEAR co-founder Illia Polosukhin has proposed creating a protocol sovereign fund that would hold NEAR tokens, earn yield, and use the proceeds to finance essential ecosystem services. The idea borrows from sovereign wealth funds in Norway and Singapore, as well as university endowments designed to turn cyclical income into durable assets. The proposal reframes protocol revenue as permanent productive capital rather than money to spend or destroy immediately. It is meant to improve the long-term sustainability of NEAR’s tokenomics while building a funding base capable of surviving changing market conditions over many future market cycles.

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