It's not easy to stake with confidence. If you're unsure which Near validators you should pick for delegation, discover our list of the top 10 Near protocol validators in May 2023.
NEAR Staking & Validator
NEAR holders can learn to stake Near Protocol with validators to earn rewards and contribute to the network's security. Staking NEAR is part of the Proof-of-Stake consensus algorithm.
Holders lock up their tokens over a specific period of time and get additional income at the due date. These rewards are typically distributed in NEAR tokens and are proportional to the number of tokens staked.
How to Select Validator to Stake NEAR?
- Fees: Each validator charges a commission fee. Make sure that you pick one that fits your budget.
- Cumulative stake: This metric represents the percentage of all the individual stakes to a specific validator. While it can signify a good performance, it's recommended that delegators should avoid validators with a cumulative stake of 33% to increase the decentralized aspect.
- Uptime: Look for validators with high uptime, low latency, and good network connectivity. This metric shows the validator's historical performance by examining their block production and slashing history.
Warning: NEAR Validators selected in this post are only relevant for the time of writing as the state of validators can change at any point in time. The below-selected validators are based on personal opinion factors, and you should always do your due diligence.
Top 10 NEAR Validators
The NEAR validators are chosen based on commission fees, cumulative stake, and uptime. Staking on NEAR wallet typically comes with an APY of approximately 12%, minus delegation fees.
Based on the previous factors, here are the top 10 NEAR validators for May 2023.
Prefer a simpler way to stake NEAR? Get helpful insights into our best staking platforms for NEAR.
Is NEAR Worth Staking?
Near Protocol has seen significant growth and adoption since its launch, with a growing ecosystem of dApps and partnerships. Near Protocol's unique sharding architecture allows it to process thousands of transactions per second, making it a promising platform for dApp development.
Staking NEAR tokens can be beneficial as the network grows and demand for NEAR increases. However, it's important to conduct research and assess risks before staking.