NEAR’s on‑chain governance body, the House of Stake, approved proposal HSP‑027 to scrap the developer gas rebate. The vote, which passed on Monday, will redirect all network gas fees to be burned rather than partially rebated to smart‑contract owners.
The rebate had allowed developers to receive a portion of the gas fees generated by the contracts they deployed. This incentive was intended to encourage the creation of new applications on NEAR by offsetting some of the operational costs.
With the rebate removed, every gas fee paid on the network will be burned, effectively reducing the total supply of NEAR tokens. This change eliminates the financial benefit that developers previously enjoyed from contract activity.
The move may alter the cost structure for developers and could influence the pace of new project deployment. While the burn mechanism can support token scarcity, it also removes a direct revenue stream for contract owners.
NEAR co‑founder Illia Polosukhin confirmed the outcome of the vote, noting that the decision reflects the community’s evolving priorities. The platform will monitor the impact of the change and may consider future adjustments to its fee model.