LiNear Protocol is a non-custodial Liquidity Staking protocol built on the Near Protocol ecosystem. The Liquidity Staking platform is an indispensable part of every ecosystem. So let’s find out what’s different about LiNear. So what is LiNear, let’s find out in the article below.
To better understand the article What is LiNear Protocol, people can refer to some of the projects below to get an overview of LiNear Protocol.
- What is Meta Pool? Meta Pool Cryptocurrency Overview
- What is NEAR Protocol (NEAR)? Near Protocol Cryptocurrency Overview
What is LiNear Protocol?
Overview of LiNear Protocol
LiNear Protocol is a decentralized Non-Custodial Liquid Staking protocol similar to the Meta Pool project built on the Near Protocol ecosystem. Where users stake Near through LiNear to receive PoS staking rewards and receive LINEAR for liquidity on DeFi.
Similar to Meta Pool, users can cancel their bet and receive Near immediately with an extremely low fee of only 0.3% – 3% or there may be no fee but the withdrawal time will be delayed. In addition, users can still use LINEAR while betting to use other applications on the Near ecosystem such as: Farming, Lend & Borrow… with APY (9%-11%/year).
The project is built on the EIP-712 alternative standard and is audited by BlockSec similar to other projects on Near. LiNear is managed by Cornerstone DAO – a super governance protocol on Near, acting as the governance center for Web3, DeFI, Gaming… on Near. Near wallet currently does not support the LiNear protocol and will support it as an optional validator in the near future.
The LiNear Protocol difference
- LiNear Phonix Bond: Is a protocol that launches liquidity and brings continuous profits to users. Can work with all profitable assets (APR pNEAR: 112.03% , Yield Amplification 12.3x)
- Near bond users, this bond will be moved into the pending pool and accumulate pNEAR balance over time. All $NEAR in the pending pool will be deposited into the LiNear protocol to generate staking rewards.
- LiNear provides users with betting services on sports, entertainment and other events.
Components that make up the LiNear Protocol
- Liquidations Provider: These are liquidity providers on the pool like Near
- Staker: These are $Near bettors earning $LiNear rewards. Users continue to earn rewards from staking and also use $LiNear for other Defi services (lending/borrwing, yeild) on Near and Aurora.
Mechanism of action
- Step 1: Staking NEAR, enter the desired amount of NEAR into LiNear Liquidity Staking Protocol
- Step 2: Users receive LINEAR – the token will increase in value compared to the original NEAR amount from staking rewards after each epoch.
- Step 3: Use LINEAR with various DeFi protocols on NEAR and AURORA, or in return can withdraw NEAR at any time. Explore DeFi profits on your staking rewards.
Development roadmap
Updating…
Core team
The creators of the LiNear project are mostly developers throughout the Near Protocol ecosystem whose identities and roles are currently unknown.
Investor
LiNEAR partners with PembRock to launch LiNEAR Lending and Farming Pool (November 28, 2022)
Tokenomics
Overview information about LiNear token
- Token Name: LiNear
- Ticker: LiNEAR
- Blockchain: NEAR protocol
- Token Standard:NEP-20
- Contract: 0x918dbe087040a41b786f0da83190c293dae24749
- Token Type: Liquidity Token
- Total Supply: 4,640,494
- Circulating Supply: Updating…
Token Allocations
Update…
Token Release
Update…
Token Usecase
Like other projects on the Near ecosystem, the $LiNear token is used to operate on DeFi applications.
Exchanges
Users can use Near’s liquidity pairs to buy LINEAR on Near’s decentralized exchanges such as: Trisolaris, Ref Finance.
Project information channel
- Twitter: https://twitter.com/LinearProtocol
- Discord: https://discord.com/invite/bkkvWwMf2T
- Website: https://linearprotocol.org/
Summary
Although the entire Near Protocol ecosystem is still rudimentary, there are already a few projects with high practical application value and whether LiNear Protocol can achieve great achievements in the future or not, please leave your comments. Please contribute in the comments section!