With NEAR Protocol raising $350 million in a recent funding round led by Tiger Global, interest in staking NEAR tokens has surged. This guide covers everything you need to know about staking NEAR, including optimal platforms, potential earnings, and step-by-step instructions.
What Is NEAR Protocol?
NEAR Protocol is an open-source, decentralized platform featuring a sharded, proof-of-stake (PoS) Layer 1 blockchain. Designed for usability, security, and scalability, its native token (NEAR) serves multiple functions:
- Paying transaction fees
- Storing data
- Staking to validate transactions
👉 Discover NEAR Protocol’s latest developments
NEAR Staking Rewards: How Much Can You Earn?
Staking rewards depend on the total tokens staked across the network. For example:
- 200M NEAR staked: Staking 200 tokens (~0.0001% share) yields ~45 tokens annually (0.0001% of 45M minted rewards).
- 800M NEAR staked: The same 200 tokens would earn ¼ of the rewards due to increased competition.
| Scenario | Tokens Staked | Your Share | Annual Rewards |
|---|---|---|---|
| Current Pool | 200M NEAR | 0.0001% | ~45 NEAR |
| Future Growth | 800M NEAR | 0.000025% | ~11 NEAR |
Rewards adjust dynamically as more participants join the network.
Best Platforms to Stake NEAR
1. Official NEAR Wallet
Steps to Stake:
- Create/Import Account: Visit NEAR Wallet.
- Fund Wallet: Transfer NEAR from exchanges like Binance.
- Select Validator: Choose from listed validators (check pool fees).
- Stake Tokens: Leave enough NEAR for transaction fees.
👉 Compare crypto wallets for optimal staking
2. Moonlet Wallet
Procedure:
- Download Moonlet (iOS | Android).
- Tap Stake Now on the NEAR dashboard.
- Transfer NEAR and select a validator.
- Confirm stake amount and sign the transaction.
3. Dokia Capital
A dedicated staking platform offering:
- Automatic rewards post-delegation.
- Validator selection with transparent fee structures.
Key Considerations When Staking NEAR
- Validator Fees: Typically 5–10% of rewards. Higher fees often indicate better infrastructure.
- Unbonding Period: 24–72 hours to unstake tokens.
- Network Inflation: Current rate is ~5% annually (rewards offset dilution).
FAQs About NEAR Staking
1. Is staking NEAR safe?
Yes, provided you use audited platforms like NEAR Wallet or reputable validators. Avoid unknown third-party apps.
2. Can I unstake NEAR anytime?
Yes, but tokens are locked for 24–72 hours before becoming transferable.
3. What’s the minimum NEAR to stake?
No strict minimum, but validators may require small amounts (e.g., 1 NEAR).
4. How often are rewards distributed?
Rewards compound every epoch (~12 hours on NEAR).
5. Do I need technical skills to stake NEAR?
No—platforms like Moonlet and NEAR Wallet simplify the process for beginners.
6. Can I stake NEAR on exchanges?
Some exchanges offer staking, but yields are often lower than direct staking via NEAR’s ecosystem.
Final Thoughts
Staking NEAR is a streamlined way to earn passive income while supporting network security. Prioritize platforms with low fees, high uptime, and strong community trust. For real-time updates, follow NEAR’s official channels.