- Proposal Name: NEAR economics specs
- Start Date: 2020-02-23
- NEP PR: [nearprotocol/neps#0000](https://github.com/nearprotocol/NEPs/pull/33)
- Issue(s): link to relevant issues in relevant repos (not required).

# Summary

[summary]: #summary

Adding economics specification for NEAR Protocol based on the NEAR whitepaper - https://pages.near.org/papers/the-official-near-white-paper/#economics

# Motivation

[motivation]: #motivation

Currently, the specification is defined by the implementation in https://github.com/near/nearcore. This codifies all the parameters and formulas and defines main concepts.

# Guide-level explanation

[guide-level-explanation]: #guide-level-explanation

The goal is to build a set of specs about NEAR token economics, for analysts and adopters, to simplify their understanding of the protocol and its game-theoretical dynamics.
This initial release will be oriented to validators and staking in general.

# Reference-level explanation

[reference-level-explanation]: #reference-level-explanation

This part of the documentation is self-contained. It may provide material for third-party research papers, and spreadsheet analysis.

# Drawbacks

[drawbacks]: #drawbacks

We might just put this in the NEAR docs.

# Rationale and alternatives

[rationale-and-alternatives]: #rationale-and-alternatives

# Unresolved questions

[unresolved-questions]: #unresolved-questions

# Future possibilities

[future-possibilities]: #future-possibilities

This is an open document which may be used by NEAR's community to pull request a new economic policy. Having a formal document also for non-technical aspects opens new opportunities for the governance.
