Market maker DWF Labs plans to buy 10 million NEAR for $26 million

DWF Labs, led by Andrey Grachev, announced its intention to purchase 10 million NEAR tokens worth approximately $26 million. This proposal is subject to the condition of reducing inflation in the NEAR protocol to 2.5%, which, according to the company, will increase the value of the token and support the development of the ecosystem.

Initiative details

Andrey Grachev, a key partner at DWF Labs, stated that the company already owns 5 million NEAR tokens and has staked an additional 6 million. He suggested that the NEAR Protocol developers consider reducing the current inflation rate of 5% to 2.5%. If this condition is met, DWF Labs is ready to buy another 10 million tokens on the secondary market. The proposal aims to stimulate long-term growth of the project.

Reaction of the crypto community

Representatives of NEAR Protocol expressed openness to discuss the idea, but the final decision remains with the community. Lower inflation could impact staking returns, making the issue controversial among token holders.

Significance and prospects

This move highlights the interest of major players in optimizing NEAR tokenomics. If the proposal is accepted, it could attract additional investment and strengthen NEAR’s position in the market. However, the success of the initiative depends on community consensus and the protocol’s ability to adapt to new conditions.

CryptoInside Opinion

In our view, DWF Labs’ proposal reflects a strategic approach to investing, but lower inflation may cause controversy among stakers accustomed to current rewards. This could be a test of NEAR Protocol’s management flexibility.

News highlights:

• DWF Labs is ready to buy 10 million NEAR for $26 million if inflation drops to 2.5%.
• The company already owns 5 million tokens and stakes 6 million.
• The decision is up to the NEAR Protocol community.

Disclaimer: The information is provided for informational purposes only and does not constitute investment advice. CryptoInside is not responsible for any losses.