5% commission for staking on Near

Stader’s Liquid Staking Derivative (LSD), NearX, was launched on 16-09-2022. In just 2.5 months, NearX has achieved 1.5Mn+ Near in TVL with NearX being the LSD with the deepest liquidity across Dex’s on NEAR and Aurora ($2.75Mn across Ref & Trisolaris).

Stader Near follow’s an extremely stringent validator selection process that helps us achieve best in class staking APY of 10.2%. You can read more about our validator evaluation and selection criteria here 2

NearX is integrated with all major DeFi protocols (Ref, Burrow, Pembrock, Trisolaris etc) and can further help users earn an additional 10-20% yield through DEFi. .

As a part of the launch bonanza, Stader was offering 0% commission to all users for staking Near with Stader.

Going forward, we propose that Stader keep 5% of staking rewards as fees, which will be held by the treasury, to support ongoing development, maintenance, and improvements. This will result in a 0.5% fee for users and will assist us in making the business model sustainable so that we can continue to create the best yield opportunity for NearX users.