Stader's liquid staking solution on Near Network allows users to stake Near and get a fungible liquid token (NearX) back that shows their claim to the underlying staked assets. We work with the ecosystem projects to ensure wide usability of these tokens on DEXs, lending/borrowing protocols, yield aggregators and more.
As soon as you deposit Near on the Stader smart contract, you receive newly minted NearX, based on the exchange rate at the time of staking. Stader smart contracts accumulate the Near rewards & restake them into the smart contract once every epoch increasing the NearX exchange rate.
