HSP-026: Establish House of Stake Operational Budget for July 2026–June 2027 has officially been ratified following the completion of its governance process and the closure of the Security Council review window on July 14, 2026.

The proposal establishes a 12-month operational budget of $196,000 and 60,000 NEAR, enabling House of Stake to strengthen its role as an independent governance institution and NEAR's Treasury Governance Engine.

Building a Lean and Independent Governance Institution

HSP-026 provides House of Stake with the operational resources required to execute governance decisions, manage treasury operations, meet legal and compliance obligations, and maintain secure governance infrastructure.

Rather than creating an unnecessarily large operational structure, the proposal introduces a lean model that can scale according to governance demand. House of Stake will maintain independence in areas central to its mandate while continuing to use existing NEAR Foundation infrastructure and services where doing so is more efficient.

The approved budget will support:

• Legal and compliance services, including House of Stake Foundation directors, accounting services, and legal counsel.
• IT services and infrastructure.
• House of Stake operational management.

The proposal does not cover broader personnel expenses, product development, or proposal-specific security and smart-contract costs that were not included in the tokenholder vote. These areas may continue to receive support from the NEAR Foundation or through separate governance proposals.

HSP-026 Governance Timeline

The proposal progressed through the following House of Stake governance stages.

Forum Discussion: June 4–12, 2026

HSP-026 began with a public forum discussion period, allowing community members and stakeholders to review the proposal, provide feedback, and raise questions about the proposed operating model and budget.

Screening Committee Review: Approved June 13, 2026

Following the forum discussion, the proposal was reviewed by the House of Stake Screening Committee.

The Screening Committee approved HSP-026 on June 13, 2026, allowing it to proceed to the tokenholder vote, which required a simple majority to pass.

Tokenholder Vote (Simple Majority): Succeeded

HSP-026 received strong support from NEAR tokenholders during the full vote:

• 2,122,930 veNEAR voted in favour
• 13 veNEAR voted against
• 0% abstained
• 31 tokenholders participated
• More than 99.99% of voting power supported the proposal

The result demonstrated strong tokenholder support for establishing a dedicated, accountable, and sustainable operational structure for House of Stake.

Security Council Review: No Veto

After succeeding in the tokenholder vote, HSP-026 entered the Security Council review period.

The review window closed on July 14, 2026, without a veto being issued. With the Security Council review completed, the proposal reached its final governance stage and was formally ratified.

What Happens Next?

With HSP-026 approved, the Head of Governance and the House of Stake Foundation are authorized to deploy the operational budget in accordance with the proposal.

The funding will support:

• Legal compliance and financial reporting.
• Treasury management and transaction security.
• Governance execution and operational coordination.
• Independent IT and infrastructure support where required.
• Transparent reporting on spending, treasury status, and governance performance.

House of Stake will publish comprehensive quarterly reports covering budget utilization, governance activity, treasury status, operational performance, and progress against its key performance indicators.

A full annual report is also expected to include audited financial information, on-chain records, vendor disclosures, and an overall review of House of Stake's performance.

A Step Toward Functional Independence

HSP-026 represents the first proposal to fund House of Stake's operations directly from its own treasury.

The approved model is built around spending discipline and functional independence. House of Stake will avoid duplicating infrastructure where existing NEAR Foundation services can provide a secure and cost-efficient solution.

However, governance authority, treasury oversight, compliance responsibilities, and the execution of approved decisions will remain under House of Stake's control.

Any unused funds will remain in the House of Stake treasury. Additional funding requirements must be justified through future proposals and approved by tokenholders.

The ratification of HSP-026 marks an important step in House of Stake's development as an independent, transparent, and accountable governance institution—one capable of supporting NEAR ecosystem governance throughout the coming year.

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House of Stake is a community governance mechanism within the NEAR ecosystem. Participation in governance does not constitute an investment activity and does not entitle participants to financial returns of any kind.