How to Stake
Enterprise NEAR Staking with Pier Two
NEAR offers built-in features such as named accounts and account abstraction with email and Telegram. Supporting smart contracts built with Javascript and Rust, NEAR affords interoperability with other chains. NEAR has been battle tested over the past 4-years and since Sharding was introduced, the NEAR protocol splits the work of processing transactions across many participating nodes that work in parallel, achieving fast transactions at 1.3-seconds and sub 1c fees for transactions. Approximately USD$3.602 billion worth of NEAR is staked on NEAR Protocol.
Rates
- Staking Rate7.92%
- SlashingNo
- Reward Frequency1 Epoch (~12 hours)
- Withdrawal TimeUp to 48 hours
How to Stake
Simple staking of NEAR.
Once you are ready to commence staking NEAR, you can select from supported wallets like MyNearWallet or Meteor Wallet, both of which are supported by Ledger hardware wallets for added security. When it comes to staking, you select Pier Two as the validator, and enter the amount of NEAR you wish to delegate, then confirm the transaction. Each validator has its own dedicated staking smart contract to manage delegation. Validators need to remain above the uptime threshold (90%) for each epoch, or risk getting kicked out of the active set. While it is relatively easy to rejoin, there will be forfeited rewards for not being part of the active set. Block production rate, validator participation rate, and block producer rewards will determine the performance and rewards earned.
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Frequently Asked Questions
Can I be slashed?
No, NEAR Protocol does not implement slashing for delegators. While validators may face penalties for misbehavior or forfeit rewards for missing too many blocks or chunks, they are simply removed from the validation set in the next auction, staked tokens as a delegator remain unaffected.
How are rewards distributed?
Rewards are automatically compounded, meaning they are added to your staked balance, increasing your staked amount over time.
What is the unstaking period?
Unstaking NEAR tokens takes approximately 48 hours (4 epochs). During this period, your tokens are locked and not earning rewards.
Do I retain custody of my tokens?
Yes. When delegating to Pier Two, you retain full control and ownership of your NEAR tokens. When you stake NEAR tokens, you are delegating their use to a validator rather than transferring ownership of the tokens. Tokens remain tied to your wallet account, where you hold the private keys, which means only you can control, access, or unstake them. The validator cannot access, move, or use your tokens beyond applying the delegated stake to help validate transactions on the network.
Why Pier Two
Why Pier Two
Pier Two offers a premium service, competitive fees, high performance infrastructure and world class customer support.
Pier Two holds ISO 27001 certification and offers customers 99.99% uptime and slashing coverage.
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