NEAR Protocol co-founder Illia Polosukhin has proposed establishing a protocol-level sovereign fund that would hold NEAR tokens and generate yield to sustainably finance ecosystem public goods, rather than relying on ad hoc grants or treasury spending. The initial treasury would start with roughly 30 million NEAR tokens, worth about $53 million at the time of the proposal.
Yield generated by the fund would support initiatives including the network’s Validator Support Program and MPC (multi-party computation) providers, with governance handled through NEAR’s existing House of Stake mechanism. Polosukhin framed the approach as more durable than current models: “Using the ecosystem’s revenue to buy NEAR, and then using some part of the yield to fund ecosystem public goods, is a much more long-term-aligned approach.”
The concept draws inspiration from sovereign wealth funds in Norway and Singapore, as well as university endowments, which convert cyclical revenue streams into productive, yield-generating assets. Longer term, Polosukhin envisions the model supporting a transition toward a fixed NEAR supply, gradually reducing inflation while still funding core ecosystem needs. The proposal is currently open for two weeks of community feedback rather than being treated as a settled mandate.
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