This article lists all the best NEAR protocol interest rates and staking rewards.
In addition, you should evaluate the tokenomics with supply and demand. For example, some people invest in coins generating an excellent annual yield from the interest rate or staking rewards.
However, the most important is to be able to understand the underlying technology, the team, and what problem they focus on solving.
No Financial Advice, Information only. Do your own research
List: Best NEAR Protocol Staking Rewards APY
The table below lists the best NEAR Protocol interest rates and staking rewards.
Also, you will find some sign-up bonuses and other benefits you will get when you sign up via us.
As you can see, Binance Earn locked staking offers the best NEAR protocol interest rate with their closed staking offer.
Remember to understand the terms and conditions; you can read more about these below.
*Sign up bonus with terms and conditions
**Reduction in fees
Binance Earn NEAR Locked Staking APY
Binance Earn gives the best yield for the NEAR Protocol when you stake for 90 days.
As you can see in the screenshot, the APY is an estimate. The Binance Earn APY is adjusted daily based on the on-chain staking rewards, and the specific APY is subject to the page display on the day.
There is a personal quota for each locked staking duration
- 90 days: 25 NEAR
- 60 days: 10.000 NEAR
- 30 days: 30.000 NEAR
Can I redeem earlier on Binance Earn locked staking?
Yes, you can redeem earlier on Binance Earn locked staking, but you will lose the interest you have earned.
You can redeem earlier by login into your account and clicking on “Wallet” and “Overview.” Then, click on “Earn” and the “Staking” tab in the left column. After this, click on “locked staking.” All your locked staking programs are listed here, and you will find the redeem button far to the right.
NEXO NEAR Protocol Staking APY
NEXO offers a competitive interest rate for NEAR Protocol coins.
You can get up to a 10% interest rate on your NEAR holdings with NEXO.
How to acheive the highest interest rates on NEXO?
NEXO has a loyalty program and a native token. Therefore, you have to achieve the highest loyalty status and opt-in to earn your interest payouts in the NEXO token to receive the best interest rates with NEXO.
- There are several different NEXO loyalty levels, where Platinum is the highest and requires 10% of your total NEXO holdings to be in the NEXO token.
- You must lock your funds monthly to achieve the highest interest rates.
- You will have to opt-in to receive all the interest payouts in the NEXO token to achieve the best interest rates.
Earn NEAR Interest with YouHodler
Youhodler offers a 7% interest rate on the NEAR Protocol deposited coins. Youhodler is a beginner-friendly platform with an easy-to-use interface and no complicated loyalty systems or native tokens.
The only drawback is that you can’t earn interest on more than $20.000 in total deposited equivalents.
What is NEAR Protocol?
It was built by Near Ink, a for-profit company based in San Francisco, California.
The developing work is coordinated by NEAR Foundation, a nonprofit organization based in Switzerland.
NEAR mainnet went live in October 2020, but it is still under development in April 2022. NEAR uses a high-performance shared PoS that can handle up to 100.000.
NEAR has built technology to enable fast transactions (~1 second), quick to finality (~1-2 seconds), cheap (less than a penny), and secure.
NEAR Protocol Inflation Rate
NEAR Protocol’s issuance of tokens, or inflation, is around 5%. This is similar to many other PoS networks and is necessary to pay network operators, also called Validators.
90% of the inflation goes to Validators in exchange for computing, storage, and securing the transactions happening on the network.
All transaction fees collected by the network get burned. Therefore, NEAR’s inflation is 5% minus the transaction fees.
As the network grows in usage, issuance might become negative, introducing negative inflation in the protocol.
Current circulating supply in April 2022: 676.146.075
Max Supply: 1.000.000.000
Where to buy NEAR protocol Cryptocurrency?
In the screenshot from Coingecko below, you will find the most traded NEAR markets.
As you can see, Binance has the most traded NEAR/USDT market, and Binance is the best exchange in many other aspects.
For US citizens, Kucoin is an option to buy the NEAR cryptocurrency.