LiNEAR: the Evolution of Liquid Staking on NEAR
| Your Journey of DeFi on NEAR Starts Here
We’re excited to officially announce the launch of LiNEAR Protocol, a liquid staking protocol built on NEAR Protocol. LiNEAR unlocks liquidity of the staked $NEAR by creating a staking derivative to be engaged with various DeFi protocols on NEAR and Aurora, while also enjoying over 10% APY staking rewards of the underlying base $NEAR tokens. LiNEAR is the cornerstone piece of the NEAR-Aurora DeFi ecosystem
Proof of Stake Dilemma: to Stake or to DeFi
Staking is vital to the security of Proof-of-Stake (PoS) blockchains like NEAR Protocol. PoS removes the technical barriers to participate in a network’s validation process through financial incentives. However, one of the major challenges of PoS blockchains is the opportunity cost of staking. When a user wants to participate in network validation and earn rewards, they must stake or “lock up” assets in the network, preventing them from utilizing assets in other protocols of the ecosystem. Users then ended up in a dilemma to choose between earning modest staking rewards while helping secure the blockchain or earning more lucrative yet risky yield from other DeFi projects. The long lockup period also exposes users to greater risk of market volatility.
LiNEAR: Highest Yield, Instant Liquidity
With all these in mind, the LiNEAR PoS liquid staking solution enhances the security of the NEAR network while ensuring sufficient liquidity in the ecosystem. LiNEAR Protocol supports instant unstaking. Users only need to pay a fee to quickly redeem $NEAR and staking rewards, which will greatly reduce the volatility risks caused by a long unstaking process. With its innovative algorithm, LiNEAR further increases network decentralization through delegating the stake to multiple reliable validators.
LiNEAR empowers previously “locked” staked assets to participate in DeFi. Unlike the traditional staking method, the $LiNEAR tokens obtained by users during the staking period are fully liquid. Users can then utilize $LiNEAR tokens across a myriad of DeFi protocols on NEAR and Aurora, such as lending, dex, and stablecoin protocols, further boosting the yield earned by the staked $NEAR.
In addition to the staking features, LiNEAR Protocol also provides users with a special kind of liquidity pool. Users, who provide their NEAR tokens as collateral for those who require access to instant liquidity, can earn the instant unstaking fees.
The founding team of LiNEAR Protocol consists of world-class engineers who worked at some of the largest tech companies, contributed to top 20 open source crypto projects, and led startups which have raised over $50m in VC funding.
By unlocking instant liquidity of staked $NEAR for participating in DeFi protocols, LiNEAR is the cornerstone of NEAR-Aurora ecosystem, generating the highest staking yield. Now that the protocol has launched, the LiNEAR team is focusing on integrating with multiple DeFi protocols, increasing the utility of and the yield generated by LiNEAR. In the future, LiNEAR Protocol will launch more innovation features, aiming to become the most important component of the DeFi legos of NEAR and Aurora.
Your journey of DeFi on NEAR starts here — stake now on LiNEAR Protocol!
About LiNEAR
LiNEAR Protocol is a liquid staking solution built on the NEAR Protocol. LiNEAR unlocks liquidity of the staked NEAR by creating a staking derivative to be engaged with various DeFi protocols on NEAR and Aurora, while also enjoying over 10% APY staking rewards of the underlying base tokens. LiNEAR is the cornerstone piece of the NEAR-Aurora DeFi ecosystem
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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.
