Illia Polosukhin's governance proposal envisions a 30 million NEAR fund that could eventually transition the protocol to a fixed supply model. Illia Polosukhin, co-founder of NEAR Protocol, has put forward a governance proposal to create what he’s calling the “NEAR Sovereign Fund,” a mechanism designed to consolidate the protocol’s treasury, generate yield, bankroll security costs, and fund public goods. The kicker: if the fund works as intended, it could pave the way for NEAR to transition to a fixed token supply. Why this matters: the NEAR Foundation contrastPrevious treasury management at NEAR was handled largely by the NEAR Foundation, and the community’s reviews of that experience were, let’s say, not glowing. The fixed supply endgameThe most ambitious element of the proposal is its long-term vision: transitioning NEAR to a fixed token supply.