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In the NEAR protocol, running a validator Node requires sending NEAR Crypto Assets to a specified smart contract, while also having equipment that meets the protocol requirements.
When it comes to NEAR validators, the amount of tokens that participants must hold is closely related to the holdings of other validators in the same shard, which determines the share of block rewards distributed to validators by the network every cycle (approximately 12 hours). Each shard of NEAR has 100 "seats," and to become a validator, at least one seat is required. The value of a seat is related to the total amount of NEAR tokens locked within the shard; however, if rules are violated, validators may lose part of their staked tokens.
NEAR adopts a flexible staking pool model that encourages validator nodes to support smaller or new shards, which have a lower entry threshold. If there are insufficient funds to purchase a seat, users can persuade delegators to transfer tokens for management through the staking pool. In this way, users can receive a portion of the new block rewards from their respective validators. According to public data, the annual yield for NEAR is approximately 5-20%.
So why participate in NEAR staking? Simply put, staking can enhance network security and efficiency, and it does not require high operational demands from users. It is a convenient way to contribute to the network and earn rewards. When staking tokens, users can act as delegators and support validators accordingly, thus receiving a proportional staking reward. The distribution of rewards is based on the proportion of tokens staked by the user. When selecting validators, one should consider their fees, operational time, and past records, and the list of validators can be viewed through the NEAR Explorer blockchain explorer.
Participating in NEAR staking not only helps confirm transactions and defend against attacks, but users also contribute to the security of the entire ecosystem. Such active participation is beneficial not only for oneself but also enhances the entire ecosystem.
As for wallet selection, the NEAR wallet is a non-custodial web wallet that can send and receive NEAR or NEP-141 tokens. This wallet is user-friendly and provides storage and staking features for NEAR tokens. Users can create a NEAR account through the built-in browser and web wallet.
It is worth noting that the NEAR ecosystem provides staking opportunities for the community through seamless interactions among various wallets, including the NEAR mobile wallet, Meteor Wallet, Nightly Wallet, and others. At the same time, it also offers a convenient path for community participation.
In summary, the NEAR ecosystem provides multiple wallets for users to manage and create accounts, ensuring the secure storage of tokens and supporting staking to earn rewards. At the same time, NEAR staking provides an efficient way to generate income through blockchain tokens and is crucial for the operation of networks that support Proof of Stake (PoS).