FAQ
Most of your questions can be found here！
Liquid staking is the act of delegating your tokens to a service that stakes for you without losing access to your funds. It allows users to stake any amount of $NEAR and unstake their $LiNEAR for receiving back $NEAR instantly,.
No, LiNEAR Protocol is a non-custodial protocol. This means that the tokens are 100% in user's control. Interaction with smart contracts and bots of LiNEAR Protocol is fully permissionless.
With LiNEAR Protocol, staking is instant. For unstaking, you can choose 1) instant unstaking with a small percentage of fees collected or 2) delayed unstaking without any fees. Your $NEAR will be available in approximately 49 hours. You will not receive rewards during that period.
When the new epoch begins, staking rewards in the last epoch are compounded automatically into the staked $NEAR and reflected by $LiNEAR price appreciation.
The fee structure of LiNEAR Protocol is shown below:
Stake: 0%
Delayed unstake: 0%
Instant unstake: 0.3%~3%
Commission: 1% on staking rewards
Instant unstake_fee = max_fee-(max_fee - min_fee)*remaining_amount / target_ amount
where:
- max_fee = 3%
- min_fee = 0.3%
- remaining_amount = $NEAR remaining in the liquidity pool after unstaking
- target_ amount= 10,000
The parameters will be determined by LiNEAR DAO in the future.
Yes. LiNEAR Protocol will be governed by CornerstoneDAO. Cornerstone is a metagovernance protocol deployed on NEAR that acts as the governance hub for DeFi, Web3, social, gaming and more in the NEAR-Aurora ecosystem.
$CORN is the native token of Cornerstone and will be used as the governance tokens for LiNEAR. More details will be revealed soon. To learn about Cornerstone, please visit https://corndao.org.
NEAR web wallet does not support LiNEAR Protocol as a validator yet. The data will available when you unstake & withdraw staked $NEAR from LiNEAR Protocol. NEAR web wallet will support LiNEAR Protocol as a optional validator in the near future.
Last modified 1yr ago