$NEAT Staking

NEAT offers staking function. $NEAT NEP-141 holders can stake their $NEAT tokens to secure the decentralized indexer network and enjoy staking rewards.

$NEAT Staking Benefits

$NEAT tokens offers the following benefits:

1. Stakers of $NEAT-NEP141 will receive the staking rewards generated from the 1 million $NEAR tokens delegated by the NEAR Foundation. A portion of these staking rewards will also be allocated to support the exploration of AI integration with NEAT.
2. $NEAT-NEP141 stakers will receive a share of the fees generated from wrap/unwrap operations (currently set at 1% fee rate) and a portion of the fees from the NRC-20 marketplace.
3. After the decentralized indexer is operational, a portion of the indexing fees will be distributed to $NEAT-NEP141 stakers.
4. Holders of $NEAT-NRC20 tokens will also be eligible to receive airdrops of newly minted NRC-20 tokens.

How to Stake $NEAT

1. Go to https://neatprotocol.ai/ and click on the "Stake $NEAT" button to enter the staking page.
2. Remember: only $NEAT-NEP141 tokens are eligible to participate in staking. If you hold $NEAT-NRC20 tokens, you can use the "Wrap" function to convert them into the NEP-141 standard.
3. After you enter the "Staking" page, press the "Sign In" button on the top right corner and connect your NEAR wallet.
4. Now that your NEAR account is connected on NEAT, you can enter the amount of $NEAT tokens you wish to stake. Please note that by enrolling in staking, you agree to be subject to the 21-day unstake period before you can withdraw your full amount of NEAT tokens. If you want liquidity and ease of selling, think twice before you stake your tokens.
5. After you enter the amount of $NEAT you wish to stake, press the "Stake" button, and you will need to confirm the transaction.
6. Now you're all set! You will be able to see the total amount of $NEAT staked and the claimable $NEAR.
7. When you unstake $NEAT, you will need to wait for 21 days before the full amount is released. Simply go to the "Unstake" tab, input the amount of $NEAT you wish to unstake, and press the "Unstake" button to initiate the unstake process.

Early Withdrawal Penalty: If you choose to withdraw your $NEAT tokens before the 21-day unstaking period is up, you will only receive a proportional amount. The remaining balance will be permanently burned and sent to the NEAR's "black hole" account. For instance, if you unstake 21 $NEAT tokens and then try to withdraw on the first day, you will only receive 1 $NEAT token. The other 20 $NEAT will be burnt through this early withdrawal penalty.