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Sweat Economy Blog

LiNEAR lines up for Liquid Staking

By Sweat Team

Updated

Sweat Economy has partnered with LiNEAR Protocol to bring you a brand new lesson in the Sweat Wallet app 🎉

LiNEAR Protocol is the leading Liquid Staking DApp in the NEAR ecosystem. It is also a pioneering omnichain liquidity staking/restaking platform that supports NEAR Protocol, Octopus Network and Ethereum ecosystems. Not only do they support multiple blockchains, but they also provide the highest liquid staking yield at 8.67%.

TL;DR: We’ve rolled out the 2-minute lesson on LiNEAR in the Sweat Wallet app to all of our users. Make sure you complete the lesson ASAP to receive 5 $LNR as well as ensure you have future access to our exclusive Quest ;)

Click here to skip to the app!

📚 What is Liquid Staking?📚

Traditional staking and liquid staking are both mechanisms within the cryptocurrency and blockchain space that involve participants locking up their tokens to support network operations and, in return, earn rewards. However, they differ in how they handle the liquidity of the staked assets.

Traditional Staking:

  • Lockup Period: In traditional staking, participants typically lock up their tokens for a predetermined period. This lockup period is necessary to ensure the security and stability of the network.
  • Illiquidity: During the staking period, the tokens are illiquid, meaning participants cannot easily trade or transfer them. They are committed to supporting the network for the specified duration.
  • Rewards: Participants receive rewards in the form of additional tokens for staking their assets. These rewards are usually a percentage of the total staked amount and are distributed based on the participant’s contribution to the network.

Liquid Staking:

  • Flexible Staking: In liquid staking, participants can stake their tokens while retaining liquidity. In the case of LiNEAR Protocol, the $LiNEAR tokens acquired by users during the staking period are fully liquid. Users can utilize $LiNEAR tokens across various DeFi protocols on NEAR and Aurora, while enjoying the staking rewards associated with the underlying base $NEAR tokens.
  • Decentralization: Liquid staking mechanisms enable users to delegate tokens to validators while maintaining control over their assets, thereby enhancing network decentralization. LiNEAR Protocol goes a step further with the Automatic Validator Selection Optimization algorithm, which automatically delegates users’ staked $NEAR tokens to over 200 validators. This algorithmic approach strengthens the security of NEAR’s network and further advances its decentralization.

📚 Learn & Earn 📚

By taking the lesson you can get up to 5 $LNR to start you on your journey, as well as unlock a soon-to-come Quest to receive exclusive benefits when you purchase $LNR.

Learn more below, or skip straight to the app!

Click here to skip to the app!

Psst. Don’t forget — once you’ve completed the quiz, make sure you click to claim your 5 $LNR.

❓ How do I find the Lesson ❓

Good question! You’ll need to have both Sweatcoin and the Sweat Wallet app downloaded on your mobile phone.

Signing up to Sweatcoin is easy. Simply choose Google or Apple sign up, and bam! You’ve completed your first step.

Next up is the Sweat Wallet app.

If you already have the Sweat Wallet app, jump to Step 4 below. Steps 1, 2, and 3 are for users who have Sweatcoin but do not have Sweat Wallet.

  1. Download Sweat Wallet.
  2. Click Login with Sweatcoin.

3. This will open your Sweatcoin app. Opt-in to crypto. Go through the registration process on the Sweat Wallet app.

Whew! Now that we’re opted in to crypto and logged in to the Wallet, the next part is simple.

Step 4: Click this link!
This will open the Sweat Wallet app and take you straight to the Lesson page.

Congrats! You are now walking for crypto with Sweat Economy. Now you can take all of the available lessons for a nice booster to your $SWEAT balance 😉

The Sweat Team

Stay up to date with all the latest news on our Twitter, Discord, Telegram, and Reddit.

These materials are for informational purposes only and are not investment advice or an invitation, recommendation or solicitation to buy, sell or hold any crypto asset or to engage in any particular trading strategy. Many crypto products and markets are unregulated, and you likely will not be protected by government compensation and/or regulatory protection schemes. Crypto assets are high-risk investments and the unpredictable nature of crypto asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in value of your crypto assets. You should seek independent professional counsel from your investment advisor and tax advisor in connection with any acquisition or disposition of crypto assets.