NEAR Protocol

LiNEAR Protocol

<p>LiNEAR Protocol, a liquid <a href="https://blockchainreporter.net/glossary/staking/" rel="noopener noreferrer nofollow">staking</a> platform on Near Protocol, is unveiling significant developments with the introduction of its exclusive governance token named $LNR, and the launch of restaking support through $bLiNEAR. The protocol allows users to stake $NEAR and receive $LiNEAR thereby enhancing capital efficiency for $NEAR stakers across various <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> protocols.</p><h2 id="header-0">LiNEAR Protocol’s Innovations: $LNR Governance, Liquid Restaking with $bLiNEAR</h2><p>LiNEAR Protocol’s new features include an Automatic Validator Optimization Algorithm, ensuring a competitive as well as stable yield. Additionally, the protocol focuses on decentralization by allowing delegation to 200&#43; active nodes. LiNEAR also supports lockup accounts, providing staking income while ensuring security for institutional users.</p><p>In line with expanding offerings, LiNEAR is launching $LNR exclusive governance token, empowering users to actively participate in decision-making processes. $LNR holders have the opportunity to contribute to an insurance fund, participate in governance decisions, and benefit from incentive programs that strengthen governance.</p><p>LiNEAR introduces the concept of restaking, building upon EigenLayer’s initial concept. Leveraging Octopus Network, LiNEAR introduces $bLiNEAR, a new asset type designed to unlock <a href="https://blockchainreporter.net/glossary/liquidity/" rel="noopener noreferrer nofollow">liquidity</a> for the restaked $NEAR. Users receive $bLiNEAR after depositing $NEAR to the $bLiNEAR pool for staking. This innovative token is liquid and can be used in various DeFi protocols for additional financial activities such as collateralized lending. Notably, $bLiNEAR offers rapid convertibility back to $NEAR, avoiding typical unbonding delays.</p><h2 id="header-1">The Impact of Liquid Restaking and Airdrop Incentives</h2><p>The impact of liquid restaking on the <a href="https://near.org/" rel="noopener noreferrer nofollow">NEAR</a> ecosystem holders and the broader ecosystem is substantial. It not only increases revenue for those who restake $NEAR but also enhances the value and utility of $NEAR within the ecosystem. Furthermore, it encourages more $NEAR staking, contributing to a healthier supply-demand.</p><p>LiNEAR is preparing for an $LNR airdrop exciting campaign for existing $LiNEAR users and early $bLiNEAR adopters. An early lock-up airdrop campaign incentivizes users to lock in $NEAR, allowing them to enjoy staking income until expiration and receive $bLiNEAR. The earlier the lock-in, the larger the $LNR airdrop.</p><p>LiNEAR Protocol stands at the forefront as the leading decentralized finance (DeFi) protocol and the most secure liquid staking solution built on Near. Its innovative features, including Automatic Validator Optimization, Lockup Support, and Restaking, mark a significant revolution in the staking and DeFi experience on Near and Aurora.</p>

LiNEAR Protocol Unveils $LNR Governance Token, Pioneers Liquid Restaking with $bLiNEAR

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