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GROW Beginner's Guide: NEAR Staking

Updated: Sep 29, 2022




Dear GROW users and NEAR Protocol communities,


GROW is very excited to announce that NEAR Staking is available on GROW!

NEAR Protocol is a decentralized application (dApp) platform that focuses on developer and user-friendliness. Its native NEAR tokens are used to pay for transaction fees and storage on the Near crypto platform.


Now, start NEAR staking on GROW and enjoy the rewards!






Step 1. Create NEAR Wallet


For depositing NEAR, you should create a NEAR wallet first.


1. Open the GROW app, and click [Deposit] button in the Total Asset box.

2. Click on Select Coin field, and select [NEAR].






2. Click on [Create Deposit Address].


Congratulations! you have created a NEAR deposit address to which you can send NEAR funds.






Step 2. Depositing Tokens


Please deposit NEAR in your wallet.


  • Please ensure that you input the correct deposit address when sending funds to your GROW account. These deposit addresses will only accept funds from the corresponding cryptocurrency. Due to the nature of blockchain technology, you may lose access to your funds if you send a non-corresponding cryptocurrency or if the deposit address is not input correctly.



Funds in your NEAR account do not earn rewards by default (unlike GROW Flexible Earn accounts). To earn rewards on NEAR, you must stake your tokens.






Step 3. Staking Tokens


Now that you have deposited NEAR into your GROW account, you can stake these tokens and start earning rewards from the NEAR network. GROW takes ZERO fees or commissions from your network rewards, so you enjoy 100% of the proceeds.



1. On the main page, press [Total Asset] box, and click on [Staking] tab to load your [NEAR] wallet.





2. Click on [Adjust Stake]. And select the number of NEAR tokens that you would like to stake. You can input the amount or use the slider for convenience.


Take note that you must always have at least one unstaked NEAR available to cover network transaction costs. These transaction costs are incurred directly from the NEAR network and are independent of GROW.


3. Press [Apply Changes] to stake your selected amount of NEAR.




Congratulations, you have submitted a NEAR Staking Request. The request will be processed in approximately one minute.







Unstaking NEAR


  • Please note that the Unstaking NEAR may take up to 3 days from being requested.


Unstaking is as easy as staking with GROW.


1. Navigate to the [Staking] tab, and click on the [NEAR] wallet.

2. Press [Adjust Stake].







3. Adjust the slider or input the amount of NEAR that you would like to remain staked. If you want to completely unstake NEAR from GROW, move the Slider to Min or enter 0 manually.


4. Press [Apply Changes] to complete the Unstaking request.


Congratulations, you have unstaked NEAR. You can adjust your staking amount at any time.



  • Please note that the Unstaking NEAR may take up to 3 days from being requested.


If you stake NEAR through GROW, you earn NEAR rewards directly from the NEAR network. GROW takes ZERO fee or commission from your earnings, so you can enjoy 100% of the benefits at no expense.




 

About GROW

Singapore-based GROW offers top-notch reward rates so that clients can safely grow their wealth on a leading global platform for lending and borrowing crypto assets. Additional company information and details on the GROW app can be found by visiting www.grow3.io.





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