NEAR is a decentralized application platform with a sharded Proof of Stake blockchain underlying it. NEAR’s Proof of Stake mainnet has launched in October 2020. To learn more, please see their official documentation.

New blocks on NEAR are proposed by validators. To enable NEAR to run seamlessly, validators need the technical capabilities to offer a secure, always on infrastructure.

Not everyone is able to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.

By delegating NEAR, you help secure the network. You get part of the rewards provided by the protocol for this assistance. If you are planning to hold on to NEAR for some time, delegating will help you accumulate more NEAR while contributing to the health of the network.

You are not giving away ownership of NEAR by delegating. As a validator, stakefish will never have the ability to move your NEAR.

We charge 6% from the block rewards received by our delegators. For example, if a delegator receives 100 NEAR as a reward, stakefish will receive 6 NEAR while the delegator will get 94 NEAR.