LiNEAR Protocol Partners with Allstake on Ominichain Restaking
LiNEAR Protocol, the leading DeFi protocol on NEAR with the highest liquid staking TVL, is thrilled to announce a strategic partnership with Allstake, the first meshed restaking protocol designed to bring shared security to all chains. This partnership marks a significant milestone in our journey to advance the NEAR ecosystem and enhance the security and decentralization of Web3.
Starting today, $LiNEAR deposit is live on Allstake. Users can now earn Allstake Points for additional rewards on top of their 8.6% NEAR staking APY, while contributing to the security and scalability of multiple blockchain networks.
Allstake — Meshed Restaking for Trustless Scaling
Allstake is at the forefront of crypto-economic security, enabling users to natively restake a wide range of assets (LSTs, LRTs, LP tokens, stablecoins, etc.) on multiple chains including NEAR, Solana, Bitcoin, Ethereum, Ton, and more. Allstake comprises a modular toolkit that includes a programmable multi-asset economic module, a restaking hub for managing restaking logics, a chain signature module for synchronizing states and slashing on other chains, and light clients for trustless verification.
This partnership aligns with LiNEAR’s vision of a chain abstracted future where users can seamlessly access the open web across multiple chains. LiNEAR will continue its roadmap of offering Liquid Restaking Tokens (i.e. biLinear) on NEAR and other networks, further enriching and diversifying the portfolio of liquid staking assets supported by LiNEAR and Allstake.
How to Stake $LiNEAR on Allstake
Go to the Allstake app page, click the button on the left side of the top right corner, and select NEAR network. Then, click the ‘Select Wallet’ button on the top right corner and choose your NEAR wallet.
Scroll down to the deposit section, select LiNEAR, and enter the amount (click ‘Max’ to stake all). Then, click the ‘Deposit’ button at the bottom and confirm in the wallet.
Afterward, you will be redirected to a new page showing ‘Deposit Success’.
About LiNEAR
LiNEAR Protocol is an innovative omnichain liquidity staking/restaking platform and the leading DeFi protocol on NEAR. It pioneered features like automatic validator optimization, significantly decentralizing and securing the network by allowing users to re-delegate to 200+ validators. LiNEAR offers seamless multichain liquid restaking, ensuring a secure future for a chain-agnostic and chain-abstracted Web3 experience.
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