Steakwallet adds support for native NEAR staking

Steakwallet adds support for native NEAR staking

Steakwallet users can now manage all of their NEAR assets in one place and utilize a NEAR staking experience that is second to none. Read on to learn more about Steakwallet's NEAR integration. 👇

Steakwallet is a next generation multi-chain self-custodial Web 3 wallet on mobile. Our goal is to give users one place to manage all their assets across chains and make engaging with Web 3 as easy as never before. To achieve this, Steakwallet brings critical functionality natively into the app where we abstract away backend complexity and add market leading user experience. This includes Steakwallet’s signature 3-tap staking flows, which make participating in securing blockchain networks and earning yield as simple as ordering an Uber or a pizza. With our Explore Screen, Steakwallet allows you to find all the right dApps on any chain. With one simple tap via WalletConnect, you can now easily bridge, swap, and ape into any yield opportunity right from your phone. And with multi-chain NFT support, you can collect all of your favorite NFTs in one place and even set them as your background for to easily flex your collection.

Now this is what a Web 3 wallet should look like!

Steakwallet Features

  • Your Keys = Your Crypto
  • Multi-Chain By Default
  • Native Staking Flows
  • Discover the best of each chain on our Explore Screen
  • Best Rates
  • Mobile-First

NEAR is a decentralized development platform that uses a Proof-of-Stake (PoS) consensus mechanism and will eventually feature a sharded architecture to scale transaction throughput. Its block generation scheme is called Doomslug and its proposed sharding design is dubbed Nightshade. These technologies will work together to scale the network and minimize congestion. NEAR has also been designed to be developer and user-friendly as it features a few key innovations to accelerate the application development and user-onboarding processes. The NEAR blockchain was created and developed by the NEAR Foundation. Its mainnet went live in April 2020, and network validators voted to unlock token transfers in October 2020. NEAR's bridge to Ethereum (called the Rainbow Bridge) launched in March 2021 and the native token NEAR is used for governance and to secure the network.

NEAR doesn’t implement delegation on the protocol level, like many other “Delegated Proof-of-Stake (DPoS) blockchains do. Instead NEAR allows smart contracts to stake, because in NEAR contracts and accounts are the same. Thus, if validators want to accept delegated stake, they must deploy a contract with specific rules of how delegation and reward splitting works and advertise that contract as destination to delegate.

Steakwallet x NEAR

Steakwallet supports all assets on NEAR, as well as offering a dedicated NEAR ecosystem page in the Explore Screen section of the wallet. This not only allows users to manage all their NEAR based tokens, but also let's them explore the best dApps the ecosystem has to offer.

With the launch of the Steakwallet Beta, finding the right yield opportunities across chains has never been easier. In our new explore screen, users will be introduced to all the relevant DeFi opportunities and dApps. On NEAR, this includes Essentials such as the Rainbow Bridge to transfer assets over from Ethereum and other blockchains, or AMMs like Ref Finance, but also more ways to earn than native NEAR staking, such as liquid NEAR staking via Meta Pool.

Steakwallet brings users native NEAR staking

Steakwallet’s signature 3-click staking mechanism makes it as easy as possible for users to start earning yield on their NEAR assets. Users simply:

  1. Click Stake NEAR
  2. Choose the amount to stake
  3. Confirm and earn!

By allowing anyone to stake in just a few tabs, Steakwallet helps users to provide better economic security for the Solana blockchain. Apart from earning rewards for participating in the network, staking your SOL helps secure the Proof-of-Stake Terra network and protects the ecosystem that is being build.


Stake your NEAR on Steakwallet

Check out our guide here learn how to earn tasty yields through Steakwallet's simple three-click staking mechanism. 🍴 🥩


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