NEAR is a carbon-neutral layer-1 blockchain network that is scalable and secure thanks to its unique implementation of sharding called Nightshade. NEAR is built with a focus on usability and ease of use, for both developers and users.
NEAR is designed to be an interoperable L1 network that can, through different services, provide a scalable infrastructure that communicates with other chains and ecosystems.
NEAR protocol staking rewards are earned for helping secure the network and paid out in NEAR tokens.
NEAR staking offers an APY typically between 9% and 11%, subject to fluctuation.
The minimum amount to stake NEAR depends on the platform - CryptoStake establishes it at 1 NEAR
It's important to consider the NEAR protocol's annual inflation rate, currently at 5%. While this might seem to reduce your overall returns, it's important to understand that NEAR's supply mechanism is designed to become deflationary over time. This means the number of new NEAR tokens created each year will gradually decrease, potentially leading to higher value for existing NEAR holdings.
To help you plan for the future, CryptoStake offers an accurate staking calculator. This tool allows you to assess your potential yield for up to 20 years, providing valuable insights for crafting a personalized staking strategy that maximizes your long-term profits.
CryptoStake operates with a transparent 3% commission fee to ensure a smooth staking experience and maintain a robust staking infrastructure required to efficiently run the NEAR staking validator.
Download the CryptoStake app today to start earning NEAR protocol staking rewards and ensure a safer financial future.