Liquid staking and $LiNEAR
Last updated
Last updated
What is liquid staking?
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 tokens to receive back their $NEAR instantly.
Is LiNEAR Protocol custodial?
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.
How long would it take to stake and unstake?
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 any rewards during that waiting period.
Are staking rewards staked automatically?
Yes, when the new epoch begins, the staking rewards from the last epoch are automatically compounded into the staked $NEAR. This is reflected by the $LiNEAR price appreciating against $NEAR.
What fees does LiNEAR Protocol charge?
The fee structure of LiNEAR Protocol is as follows:
Stake: 0%
Delayed unstake: 0%
Instant unstake: 0.1% (according to the)
Commission: 6% on staking rewards