Friendly Staking User Interface
The NEAR token staking dashboard is extremely easy to use, our team has taken extra steps to simplify our token dashboard, making it very easy for even investors who aren’t as tech savvy.
Trust & Transparency
Near-Staking has taken special measures to ensure the safety of our investors, such as a full-scale KYC verification for our entire team on two platforms (Quantsramp & Certric) and auditing our smart contract.
Near-Staking also sets up an insurance fund wallet (RIF) that can be used to perform a token buy-back in the case of a severe price drop. Our smart contract has been developed so that we can’t set the fees above the maximum of 0,5%. We also do not have permission to pause trading on the contract, so all our holders will be able to buy & sell whenever they please.
Near Protocol is now secured by over USD$ 3B equivalent (at today’s prices) in staked assets, and 75% of new stakers who joined in the last 30 days have done so via Near-Staking.
Risk Insurance Fund (RIF)
RIF is the acronym for the Risk Insurance Fund, which is a separate wallet in the Near-Staking system. The RIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the RIF wallet.
In simple layman terms, the staking rewards (rebase rewards), which are distributed daily, are backed by the insurance fund, which ensures a high and stable interest rate of $NEAR token holders.
0.1% of all trading fees are stored in the Insurance Fund, which helps sustain and back the staking rewards provided by the positive rebase.
The Insurance Fund Keeps holders safe by:
• Avoiding flash crash through price stability
• Achieving long-term sustainability and future growth of NEAR token
- Greatly reducing downside risk
Website | Twitter | Telegram Channel | Telegram Group | Medium