Introduction
Staking NEAR Protocol can be a great option for those who want to hold NEAR but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain NEAR Protocol (NEAR) Tokens
In order to stake NEAR Protocol, you need to have it. To obtain NEAR Protocol, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a NEAR Protocol Wallet
Once you have NEAR, you'll need to choose a NEAR Protocol wallet to store your tokens. Here are some good options.
See all 31 staking rewardsPlatform Coin Staking rewards Uphold NEAR Protocol (NEAR) Up to 7,75 APY YouHodler NEAR Protocol (NEAR) Up to 12 APY Bitget NEAR Protocol (NEAR) Up to 9 APY Binance NEAR Protocol (NEAR) Up to 4,9 APY 3. Delegate Your NEAR
We recommend using a staking pool when staking NEAR. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NEAR, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the NEAR Protocol network. You'll be rewarded with NEAR for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
NEAR Protocol (NEAR) is currently priced at US$7,04 with a 24-hour trading volume of US$324,7M. The market cap of NEAR Protocol stands at US$5,89B, with 1,17B NEAR in circulation. For those looking to buy or trade NEAR Protocol, Uphold offers avenues to do so securely and efficiently}
- Market cap
- US$5,89B
- 24h volume
- US$324,7M
- Circulating supply
- 1,17B NEAR
Frequently Asked Questions About Staking NEAR Protocol (NEAR)
- What are staking rewards in NEAR Protocol?
- Staking rewards are incentives given to NEAR token holders who lock their tokens to support network operations. Rewards are typically paid out in NEAR tokens.
- How often are NEAR staking rewards distributed?
- NEAR staking rewards are generally distributed at the end of each epoch, approximately every 12 hours.
- What factors influence the amount of NEAR staking rewards?
- The amount of staking rewards is influenced by the total staked amount, the network's inflation rate, and validator performance.
- How can I calculate my potential NEAR staking rewards?
- You can use online staking calculators to estimate potential rewards. Ensure they are updated with current rates by checking tools like Bitcompare.
- Are there any risks associated with NEAR staking?
- Risks include potential slashing from validator behavior and price volatility of NEAR tokens. Stay informed using tools on Bitcompare.
- Is there a minimum amount required to stake NEAR?
- Yes, there is a minimum amount required, which varies depending on the validator. Check with individual validators for their specific requirements.
- Can I unstake my tokens anytime?
- You can unstake tokens, but there is an unbonding period (around 36 hours). Plan accordingly to avoid liquidity issues.
- How do I choose a validator for staking NEAR?
- Consider factors such as validator performance, fees, and community reputation. Utilize Bitcompare tools for informed decisions.
- What is the role of Bitcompare in NEAR staking?
- Bitcompare provides real-time price comparisons, alerts, and sentiment analysis to help maintain awareness of market changes efficiently.
- Why is it important to stay informed about NEAR staking rewards?
- Staying informed allows you to make well-informed decisions. Regularly check and bookmark Bitcompare for the latest insights and updates.
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