How To Earn Passive Income on NEAR Blockchain ?
There are many different ways on NEAR to earn passive income for example staking and farming are famous ones . Let's see what are the opportunities to earn passive income .
1- Ref.finance
You can earn passive income with farming on ref.finance . Ref allows each liquidty pool to host up to 16 different farms at the same time to max token exposure to users. As it's obvious before farming you have to provide liquidty to farm .
For example USN-USDT , if you want farm on this pool you have to provide liquidty equal values on both tokens , after that you will recieve LP token that you can stake and farm on them .
2- Meta Pool
Meta Pool allows NEAR token holders to stake and earn rewards, providing an easy way to unstake with no lockup. They distribute stake in low-fee, high-performance validators.
Here's the proccess that how it works :
Select the amount of NEAR to stake using Meta Pool liquid staking protocol
In return, you receive liquid NEAR (stNEAR) increasing in value through the staking rewards
As part of the platform every staker and liquidity provider gets $META governance tokens to participate in the DAO
You are free to use your stNEAR in DeFi platforms anytime or swap back to NEAR
3 - Trisolaris
Third place to farm is Trisolaris that is actucally on Aurora , Trisolaris is #1 Dex on the Aurora engine, an EVM compatible blockchain running in the near ecosystem.
You have to bridge your funds into Aurora using Rainbow Bridge . Some different pools with really high yield currently. For people looking for a low risk strategy I recommend stNEAR-wNEAR .
4 - Bastion Protocol
Bastion is a lending and stableswap protocol built on Aurora, NEAR’s EVM-compatible layer. Building on Aurora enables Bastion to create an autonomous interest-rate engine with superior capital efficiency, low slippage swaps, fast transactions, ultra-low fees, precise liquidations, and harness the underlying UX benefits of NEAR.
They just launched their native token $BSTN through two lockdrops and are incentivising heavily on a lot of their vaults. The platform has seen a huge inflow of liquidity the past weeks and quickly established itself as the largest defi protocol on Near.
Under the main hub you are getting paid to borrow (in $BSTN). Again some serious looping strategies can be used for high yield here. What to do with all the farmed $BSTN tokens? Either:
1) Stake for 46% paid in $BSTN and $NEAR or
2) Earn >300% APY on the BSTN/WNEAR pool
The defi ecosystem on NEAR Protocol is expanding rapidly allowing for some great farming strategies if you're bullish on this narrative start farming and earning passive income on NEAR . There are many other ways to earn expect staking and farming you can find on NEAR Ecosystem .
