Users can now track NEAR’s staking balances on the DePocket App.

We are pleased to announce a piece of good news: staking on Near Protocol, an old pal of DePocket, can now be monitored on our app!

Near Protocol: one of the top blockchains in the world

The popularity, features, and characteristics of Near Protocol have been mentioned in plenty of media. Therefore, we will not repeat that information anymore. What we want to focus on is that Near Protocol has incentivized users to stake NEAR regarding the Proof of Stake (PoS) consensus mechanism. As rewards for creating new blocks, validators receive NEAR Tokens at a static inflation rate of roughly 4.5 percent annually.

NEAR holders who aren’t interested in serving or being validators can contribute to their staking pool and share in the rewards. As a result, token owners are encouraged to be active in the community and assist the validators who keep the network running. The number of tokens that users receive depends on the number of staked tokens and APY at a specific period of time, because APY tends to vary over time.

Recently, stakers can practice NEAR staking by choosing the right pool that they want to contribute and inputting the number of tokens. Each pool will have a pool fee displayed under the pool name.

NEAR staking monitoring went live on the DePocket app

Staking is one of the indispensable activities for systems running by the Proof of Stake consensus mechanism. With more than 1 billion users, the number of stakers participating in the pools is significantly huge. Therefore, the need to track staking balance on Near Protocol is also correspondingly high. As a partner, DePocket knows that Near Protocol is a primary blockchain. Therefore, retrieving Near Protocol staking information is the mission that DePocket has to do.

If staking on Near Protocol can be done as quickly as a few taps on Near Wallet, tracking them is even simpler. Just one click on the DePocket app and all information about NEAR staking will appear on the dashboard. If users practices staking with multiple wallets, they can keep all of those tracked by adding wallets in the “Manage Addresses” button on the top-right of the interface. So convenient, right?

Try our demo wallet here: https://app.depocket.com/addresses/mob.near

Bitcoin is fighting at the lower resistance on its way towards a higher price zone. Besides, Altcoins, including NEAR, are proving to be more promising in recent days. Therefore, this is the right time to take advantage of DePocket’s features to gain considerable profits! Let’s go!

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An Integrated Defi Platform, to better manage and invest your assets across Multichain & Multiwallet.