Staked NEAR
Crypto Overview
Purpose and Utility
STNEAR is a liquid staking token that represents staked NEAR tokens in the NEAR Protocol ecosystem. When users stake their NEAR tokens through the Metapool platform, they receive STNEAR tokens in return, allowing them to maintain liquidity while participating in network validation.
Business Model
The token operates through the Metapool protocol, which enables users to participate in NEAR Protocol's Proof of Stake consensus mechanism. Users deposit NEAR tokens and receive STNEAR tokens that represent their staked position. These tokens can be traded or used in other DeFi applications while the underlying NEAR remains staked.
Real-World Adoption
STNEAR has gained significant adoption within the NEAR ecosystem, with substantial total value locked (TVL) in the Metapool protocol. The token is actively traded on several decentralized exchanges and is used as collateral in various DeFi applications on NEAR.
Platform Development
Metapool, the platform behind STNEAR, maintains regular development activity and updates. The protocol has undergone security audits and continues to implement improvements to its staking infrastructure.
Token Distribution
STNEAR tokens are minted when users stake NEAR and burned when they unstake, maintaining a 1:1 relationship with staked NEAR tokens. The token distribution is entirely determined by user participation in staking, with no pre-mine or team allocation.
Crypto Impact
To assign a comfort level investing in Staked NEAR 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 Staked NEAR.
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.