Step-by-step Guide: Getting Started on LiNEAR

LiNEAR Protocol
3 min readApr 5, 2022

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LiNEAR Protocol is the liquid staking solution built on the NEAR blockchain. It enables users to simultaneously earn staking rewards through NEAR and engage with various DeFi protocols, allowing them to earn additional yield from staked assets. Here is a step-by-step guide to getting started on LiNEAR.

Staking

Check the “Stake” page — The dashboard shows the total amount of NEAR staked, the LiNEAR/NEAR conversion ratio, the APY, and the number of staked pools.

Scroll down to stake your tokens simply with a few clicks by entering the amount of tokens you wish to stake, and then press “Stake”.

After approving the transaction, the system will show that the staking is successful.If you wish to check your staking status, check “My Account”, and then a dashboard will clearly show the number of NEAR tokens available in your wallet, your LiNEAR tokens amount and staking rewards.

If you would like to unstake your tokens, simply click “Unskate” on the “My Account” page, or go to the “Stake” page. Enter the amount of LiNEAR you want to unstake. You can choose Instant Unstake or Delayed Unstake, which will take around two days. Remember to double check the transaction fee before you start the unstake process.

Liquidity pool

LiNEAR Protocol also provides users with a special kind of liquidity pool. Users can use their NEAR tokens as collateral to provide liquidity for those who require access to instant liquidity. Unlike other liquidity pools that require an equal value of two tokens to create a market, users only need to use their NEAR tokens to participate in LiNEAR Liquid Staking and without impermanent loss.

Check the “Liquidity” page — simply click “Add Liquidity”, and enter the NEAR amount you want to provide, and then “Confirm”.

If you want to withdraw liquidity, click the “Remove” button, and enter the amount you want to withdraw.

About LiNEAR

LiNEAR enables users to simultaneously earn staking rewards through NEAR and engage with various DeFi protocols, allowing them to earn additional yield from staked assets. LiNEAR Protocol offers instant unstake and liquidity pool functionality, facilitating liquid staking and providing more possibilities for the next billion users in the DeFi ecosystem.

Join LiNEAR’s Community

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About NEAR

NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that enables people to reimagine finance, creativity, and community in new and inclusive ways.

NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.

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LiNEAR Protocol

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