Restaking on NEAR Protocol: The Comprehensive Guide
Allstake’s highly anticipated Phase 0 is now live on the mainnet, ushering in a new era of omnichain restaking.
Users of NEAR’s leading liquid staking token (LST) protocols, LiNEAR Protocol ($LiNEAR) and MetaPool ($stNEAR), can now participate in this revolutionary restaking system. In addition to the existing ~9% staking yields earned through NEAR’s Proof-of-Stake consensus, users can also simultaneously accrue Allstake Points — creating a unique dual reward opportunity.
Step-by-step Guide
This comprehensive guide will walk you through the seamless process of restaking your $LiNEAR and $stNEAR tokens on Allstake, unlocking enhanced scalability, security, and decentralization for the NEAR ecosystem.
First, go to the AllStake homepage, click the button on the left side of the top right corner, and select the appropriate network. Here, we’ll use the NEAR network as an example. Then, click the ‘Select Wallet’ button on the top right corner and choose the appropriate NEAR wallet. Here, we’ll use the Meteor wallet as an example.
Scroll down to the deposit section, select the type of token you want to stake (using stNEAR as an example here), and enter the amount (click ‘Max’ to stake all). Then, click the ‘Deposit’ button at the bottom and confirm in the wallet. Note: Please ensure that there is a certain amount of stNEAR in your wallet.
For users who do not have stNEAR, after selecting stNEAR, you can click the ‘get stNEAR’ button. The system will redirect you to the Meta Pool page, where you can connect your Meteor wallet and exchange for the corresponding stNEAR.
Afterward, you will be redirected to a new page showing ‘Deposit Success’.
To unstake, click the ‘Unstake’ button in the staking section, select the token and amount you want to unstake, and click the ‘Unstake’ button at the bottom.
The system will redirect you to a new page showing the start of the unstaking delay. Funds will be available after 2 days, and you will not receive points during this period. To continue unstaking, click the ‘Confirm’ button and confirm in the wallet. If you need to cancel, click the ‘Cancel’ button.
Users can click the ‘Portfolio’ button at the top of the homepage, which will redirect to a new page. The new page will display your points at the top (users will receive 1 point per hour for every $1 worth of assets staked).
Scroll down to see the dashboard, which includes relevant information such as the available stNEAR amount in your wallet, the amount of stNEAR staked, the amount of stNEAR unstaked, and the remaining time.
In the near future, Allstake will be adding support for other leading blockchain ecosystems, including Solana, Ethereum, Bitcoin, TON, and more. This will unlock exciting new opportunities for users, allowing them to access and diversify their restaking portfolios across a wide range of chains.
Restake now!
About Allstake
Allstake is the first Omnichain Meshed Restaking protocol that brings restaking to all chains and allows for AVS to derive security from multiple assets simultaneously. It offers the most flexible security model without rebuilding wheels on each chain.
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