NEAR Foundation Delegates 1 Million NEAR Staking to NEAT for Staker Rewards

NEAR Foundation Delegates 1 Million NEAR Staking to NEAT for Staker Rewards

NEAR Foundation, the organization behind the NEAR Protocol, recently announced that it has delegated 1 million NEAR tokens to NEAT, a NEAR Inscription-based rollup solution. This move is a part of NEAR Foundation's efforts to support and grow the NEAR ecosystem. NEAT, which stands for NEAR Execution As Transactions, is a Layer 2 scaling solution that offers low transaction fees and fast transaction processing times. By delegating staking rewards to NEAT, NEAR Foundation aims to incentivize stakers and contribute to the growth of the NEAT ecosystem. NEAT plans to use the delegated NEAR tokens to reward its stakers. Stakers who delegate their NEAR tokens to NEAT will receive a portion of the rewards generated by the NEAR Foundation delegation. This is a great opportunity for NEAR holders to earn passive income while supporting the NEAR ecosystem. The NEAR Foundation's delegation to NEAT is a significant development for the NEAR ecosystem. It demonstrates the NEAR Foundation's commitment to supporting innovative projects and promoting the growth of the NEAR ecosystem. NEAT, with its low transaction fees and fast transaction processing times, is well-positioned to play a significant role in the growth of the NEAR ecosystem.