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NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability.
How to Stake
You can use My NEAR Wallet to stake your NEAR. Choose the Staking
tab in the navigation menu.
This screen shows you how much NEAR you currently have staked, how much you have earned in NEAR rewards from staking, and where you're NEAR is staked.
Choose the Stake My Tokens
button to start staking your NEAR.
You'll be able to choose SenseiNode as the pool to stake your tokens with. Different pools charge different fees, and the fee is a percentage of your staking rewards. SenseiNode charges a 7% fee on rewards accrued.
After selecting a pool, you'll see:
- The validator fee
- A summary of how much you already have staked with that particular pool
- The amount of NEAR rewards you've earned with that pool
- How much you can withdraw from that pool
If this is the first time you're staking with a particular pool, you won't have any rewards earned from them yet.
When you're satisfied with your choice, click the Stake with Validator
button.
Next, you can choose how much you'd like to stake with the validator pool.
Finally, you'll have a success screen confirming that you've staked your NEAR with a validator pool.
The staking tab will now be updated to show how much you have staked in total, and which validator pools you've staked your NEAR with. When you earn rewards, you'll also be able to see how much you have earned in NEAR here.
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