High APY on NEAR: up to 30% and airdrops

CryptoHedgehog
3 min readApr 23, 2024

Today, we’re exploring passive income opportunities with NEAR, promising up to 30% APY and potential airdrops!

What is NEAR and Why Does It Matter?

NEAR is your investment into the rapid development of AI and blockchain technologies. Thanks to an excellent team at the forefront of modern AI, NEAR opens doors to the future. If you haven’t included NEAR in your portfolio yet, it might be time to consider it.

Strategy #1: MetaPool for Earning up to 22% APY

How does it work? It’s quite simple:

  1. Visit MetaPool and stake your $NEAR.
  2. In exchange, you receive $stNEAR.
  3. Make a “supply” of $stNEAR on Burrow Finance to borrow stablecoins (USDT) at a low interest rate.
  4. Borrow USDT at 4–5% APY. Ensure your Health Factor stays above 200%.
  5. Use USDT in Liquidity Pools on Ref Finance (APY 20–30%) by selecting “USDt-USDC-USDT.e-USDC.e”. This only requires USDT. Note: If APY on this Pool is below 6%, then the strategy may not be viable.

Here is the video tutorial.

Thus, we have staked at 8.5% NEAR in MetaPool, where a potential drop is possible. Also, in Stable Pools APY 20–30%. However…

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CryptoHedgehog

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