NEAR Staking: Delegation Guide
NEAR’s mainnet launch is imminent. Are you ready to stake? Here’s an initial look at what to expect.
If you are an institutional investor looking for third-party custody solutions, Figment has partnerships with all of the custodians that are supporting NEAR. Contact us for more information.
If you plan to self-custody, NEAR supports Ledger hardware devices, which we recommend. This is how to install the NEAR Ledger app.
We recommend using the user-friendly NEAR Wallet. Head to https://wallet.near.org to access the web interface provided by the NEAR team. Here you can use your Ledger hardware device (recommended), or you can recover your account with your 12-word seed phrase. Know that your seed phrase essentially controls your funds, so take great care not to expose this unless you absolutely must.
The NEAR Wallet doesn’t yet allow you to create a new wallet. If you have a NEAR token allocation of NEAR tokens, ask either CoinList or the NEAR Foundation to send you a NEAR Drop and follow this guide.
Until NEAR mainnet staking is enabled, you will not be able to earn staking rewards. However, once mainnet launches, use the NEAR Wallet to delegate to the Figment staking pool:
We’re excited for NEAR’s mainnet launch and will update this guide as more tools, features, and information becomes available.
Originally published at https://figment.network