The LiNEARProtocol exchange is a multichain liquid staking and liquid restaking protocol that allows users to stake NEAR assets. Users receive liquid receipt tokens representing their deposits, which can be utilized in other protocols while earning yields from both staking and restaking. The protocol leverages an innovative omnichain liquid restaking approach to enhance security and decentralization across multiple blockchain networks.
Is LiNEAR a secure platform?
LiNEAR Protocol aims to provide a robust security model through its omnichain liquid restaking approach, avoiding centralized and permissioned solutions. It utilizes an Automatic Validator Optimization Algorithm to improve the security and decentralization of the NEAR network by dynamically reallocating stakes across up to 200 active nodes. The protocol also plans to secure Chain Abstraction infrastructures, offering instant security by leveraging existing blockchain security mechanisms.
How to use LiNEAR?
Users can participate in LiNEAR Protocol by staking their assets through the platform's interface. They receive liquid receipt tokens representing their staked assets, which can be used in other DeFi protocols while continuing to earn staking rewards. Users can also engage in governance activities using the LNR token, participating in decision-making processes that influence the protocol's development.
What services does LiNEAR offer?
LiNEAR Protocol offers liquid staking and restaking services for various assets across multiple blockchain networks. It provides users with the ability to earn yields from both staking and restaking while maintaining liquidity through receipt tokens. Additionally, LiNEAR Protocol aims to support Chain Abstraction infrastructures, enabling a more seamless and secure multichain Web3 experience.
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