NEAR proposing to slash inflation in half. I suspect we'll see more of these, and I support pretty much all of them. Recall Solana proposed the same thing in March. Almost all of these L1s are overpaying for security—our mental model of security back in the era when their emissions curves were first created (~2019) were overly narrow about the actual security threats to L1s. As a result, validators are being overpaid across almost every L1, incurring tax leakage and needless inflation. From 2019 to today, we know a lot more about how L1s actually work in the wild, but almost none of these inflation schedules have been touched since then. It's high time.