# Near (NEAR)

{% tabs %}
{% tab title="Mainnet" %}

<table><thead><tr><th width="186" align="center">Name</th><th width="317" align="center">Address</th><th>Commission rate</th></tr></thead><tbody><tr><td align="center">Kiln</td><td align="center"><a href="https://explorer.near.org/accounts/kiln.poolv1.near">kiln.poolv1.near</a></td><td>100%</td></tr><tr><td align="center">Kiln-1</td><td align="center"><a href="https://explorer.near.org/accounts/kiln-1.poolv1.near">kiln-1.poolv1.near</a></td><td>5%</td></tr></tbody></table>
{% endtab %}

{% tab title="Testnet" %}

<table><thead><tr><th width="136" align="center">Name</th><th align="center">Address</th></tr></thead><tbody><tr><td align="center">Kiln</td><td align="center"><a href="https://explorer.testnet.near.org/accounts/kiln.pool.f863973.m0">kiln.pool.f863973.m0</a></td></tr></tbody></table>
{% endtab %}
{% endtabs %}

## Staking mechanics

<table data-header-hidden><thead><tr><th width="344">Parameter</th><th>Value</th></tr></thead><tbody><tr><td><strong>Stake activation time</strong></td><td>0-7.5 hours (end of current epoch)</td></tr><tr><td><strong>Stake lock-up time</strong> </td><td>22.5-30 hours (end of current epoch and 3 others)</td></tr><tr><td><strong>Re-delegating activation time</strong></td><td>0-7.5 hours (end of current epoch)</td></tr><tr><td><strong>Rewards frequency</strong></td><td>First rewards: one epoch after stake is active (0-7.5 hours + 7.5 hours).<br><br>Rewards frequency: end of every epoch (~7.5 hours).<br><br>Last rewards: last reward earned before unstaking.</td></tr><tr><td><strong>Auto-compounding</strong></td><td>Yes</td></tr><tr><td><strong>Self-bond</strong></td><td>None</td></tr><tr><td><strong>Active set</strong></td><td>Yes (378 validators, list <a href="https://nearblocks.io/node-explorer">here</a>)</td></tr><tr><td><strong>Slashing</strong></td><td>None</td></tr><tr><td><strong>Relationship between validator stake balance and rewards</strong></td><td>Linear. The more stake balance there is on the validator, the more rewards it will earn.</td></tr></tbody></table>

## Staking workflow

<table data-header-hidden><thead><tr><th width="348">Parameter</th><th>Value</th></tr></thead><tbody><tr><td><strong>How does staking work?</strong></td><td>NEAR is a PoS network, however delegation is not implemented at the protocol. Instead, validators (such as Kiln’s) deploy a standardised smart contract to which delegations are sent.<br><br>From a user perspective, similarly to dPOS protocols the act of delegation just involves sending one transaction, which you can do on this page using the widget on the right. <a href="https://explorer.testnet.near.org/transactions/37q4wSRkwwnzz1VZzixQkKDrZ3afRgUxVEF7YZkuHir8">Here</a> is an example of such a transaction, delegating 5 NEAR to the Kiln validator on testnet.<br><br>For more details on how staking works on NEAR, <a href="https://docs.near.org/docs/develop/node/validator/staking-and-delegation">visit this page</a>.</td></tr><tr><td><strong>What is the staking process?</strong></td><td>Tokens are sent to the validator Smart Contract using the deposit_and_stake function of the contract.</td></tr><tr><td><strong>Do funds move out to another wallet?</strong></td><td>Yes, they are sent to the pool smart contract.</td></tr><tr><td><strong>Can I keep staking/unstaking from/to the same wallet?</strong> </td><td>Yes, you can increase the staked amount or unstake part of it at anytime.</td></tr><tr><td><strong>Can I select how much of my wallet balance I want to stake?</strong></td><td>Yes, you select the amount of tokens you want to stake to earn rewards.</td></tr><tr><td><strong>How do I unstake?</strong></td><td>You can unstake from Kiln dashboard by going to your account containing your NEAR stakes, and clicking unstake. Note, that once you unstake, it will take 3-4 epochs (22.5-30hrs) for you to be able to withdraw the tokens to your wallet.</td></tr><tr><td><strong>Can I unstake part of the staked balance?</strong></td><td>Yes, you can select the amount of tokens you want to unstake.</td></tr><tr><td><strong>How is my balance computed at epoch N for the rewards distribution?</strong></td><td>The balance computed at epoch N for the rewards distribution is the balance at the beginning of epoch N.</td></tr><tr><td><strong>What is the slashing risk on NEAR?</strong></td><td>Slashing is not yet implemented on NEAR, so there is a very limited risk of collateral losses.</td></tr><tr><td><strong>How is commission paid?</strong></td><td>The Kiln NEAR validator retains a commission - a % of staking rewards earned - by default.</td></tr></tbody></table>

## Staking links

<table data-header-hidden><thead><tr><th width="348">Parameter</th><th>Value</th></tr></thead><tbody><tr><td><strong>How can I get testnet tokens?</strong></td><td>You can request some <a href="https://near-faucet.io">here</a>.</td></tr></tbody></table>


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