LiNEAR Protocol
Crypto Overview
Purpose and Utility
LiNEAR Protocol is a liquid staking solution built on the NEAR Protocol blockchain. Its primary purpose is to allow NEAR token holders to participate in network staking while maintaining liquidity through the LiNEAR token. When users stake NEAR through LiNEAR Protocol, they receive LNR tokens representing their staked NEAR.
Business Model
The protocol generates revenue through staking rewards from the NEAR Protocol. The business model involves collecting a small percentage of staking rewards as protocol fees. Users retain ownership of their underlying NEAR tokens while gaining the ability to use their LNR tokens in other DeFi applications.
Real-World Adoption
LiNEAR Protocol has achieved significant adoption within the NEAR ecosystem. The protocol has integrated with multiple DeFi platforms and maintains a substantial total value locked (TVL) in staked NEAR tokens.
Platform Development
The project maintains active development with regular updates to the protocol. The team consistently implements security improvements and feature enhancements. The GitHub repository shows regular commits and technical progress.
Token Distribution
LNR tokens are minted when users stake NEAR and burned when they unstake. The protocol follows a transparent token distribution model with clearly defined allocations for the team and development fund.
Crypto Impact
To assign a comfort level investing in LiNEAR Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to LiNEAR Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.