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.
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. Here is an example of such a transaction, delegating 5 NEAR to the Kiln validator on testnet.
For more details on how staking works on NEAR, visit this page.
What is the staking process?
Tokens are sent to the validator Smart Contract using the deposit_and_stake function of the contract.
Do funds move out to another wallet?
Yes, they are sent to the pool smart contract.
Can I keep staking/unstaking from/to the same wallet?
Yes, you can increase the staked amount or unstake part of it at anytime.
Can I select how much of my wallet balance I want to stake?
Yes, you select the amount of tokens you want to stake to earn rewards.
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 (45-60hrs) for you to be able to withdraw the tokens to your wallet.
Can I unstake part of the staked balance?
Yes, you can select the amount of tokens you want to unstake.
How is my balance computed at epoch N for the rewards distribution?
The balance computed at epoch N for the rewards distribution is the balance at the beginning of epoch N.
What is the slashing risk on NEAR?
Slashing is not yet implemented on NEAR, so there is a very limited risk of collateral losses.
The Kiln NEAR validator retains a commission - a % of staking rewards earned - by default.