LiNEAR Protocol price 

LNR

What is LiNEAR Protocol

LiNEAR Protocol is an innovative omnichain liquidity staking/restaking platform and the largest DeFi protocol on NEAR. It pioneered revolutionary features such as automatic validator optimization, which significantly decentralizes and secures the network by allowing the users to re-delegate to 200+ validators. LiNEAR offers seamless multichain restaking using an aggregated account to abstract aways the complexity operating across multiple networks, such as Eigenlayer, Octopus, and more.

What is $LNR

$LNR is the governance token of LiNEAR Protocol that empowers users to participate fully in the decision-making of LiNEAR and influence its development.

$LNR is used for:

Insurance Fund - Users can stake $LNR into an insurance fund, designed to cover potential losses incurred to $bLiNEAR and $LiNEAR. Stakers receive $sLNR as a representation of their share of the fund.

Governance - $sLNR holders have the power to set rates for $LiNEAR and $bLiNEAR staking pools, manage delegation strategies, and oversee the protocol treasury.

Revenue Sharing - $sLNR holders gain a share of the protocol’s agreement revenue, with potential increases as the ecosystem grows.

Incentive Program - New $LNR tokens will periodically be introduced into the insurance fund, promoting $bLiNEAR-related liquidity and strengthening governance.