Best NEAR Protocol Interest Rates and Staking Rewards

Best NEAR Protocol Interest Rates and Staking Rewards

This article lists all the best NEAR protocol interest rates and staking rewards. 

In addition, you should evaluate the tokenomics with supply and demand. Some people are investing in any coins generating a good 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 Interest Rates

In the table below we list the best NEAR Protocol interest rates and staking rewards.

Also, you find some sign-up bonuses and other benefits you will get when you sign up via us.

As you can see, Binance Earn offers the best NEAR protocol interest rate with their locked staking offer.

Remember to understand the terms and conditions and you can read more about these below.

Reviews

Interests

Invest

*Sign up bonus with terms and conditions

**Reduction in fees

 

Binance Earn with NEAR Protocol Interest Rates for Locked Staking

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 your interest you have earned.

You can redeem earlier by login to your account and click on “Wallet” and “Overview”. In the left column, click on “Earn” and the “Staking” tab. After this, click on “locked staking”. Here, all your locked staking programs are listed and you find the redeem button far to the right.

Binance Earn NEAR Protocol Interest Rates and Staking Rewards for locked staking and flexible saving

NEXO NEAR Protocol Interest Rates

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. 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 have to lock your funds for 1 month to achieve the highest interest rates
  • You will have to opt-in for receiving 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 $100.000 in total deposited equivalents.

What is NEAR Protocol?

NEAR protocol was founded in 2017 by Alexander Skidanov and developer Ilya Polosukhin.

It was built by Near Ink which is a for-profit company based in San Francisco, California. 

The developing work is coordinated by NEAR Foundation which is 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 transactions that are fast (~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, the inflation of NEAR is actually 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 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 as well.

For US citizens Kucoin is an option to buy the NEAR cryptocurrency.

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