In HERE Wallet passive income is available to all users without blocking funds, but how does it work?

We use the same approach that conventional banks do. When you click "earn" your NEAR is moved to the HERE Storage smart contract. NEAR thousands of other users are also stored there.

90% of all NEAR is staked on a safe and cheap Astrostakers validator and generates earnings. However, 10% of NEAR always remain free. This reserve is used to provide liquidity.

At any time a user can withdraw money from the general reserve and use it. After each epoch, the balance of free and steaming NEAR is restored. The income from stacking is distributed to all users. This is how Chase Bank works, for example. They keep only 5-10% of money in cache, and use the rest for investments and loans.

Due to this you get 8-10% APY and at the same time you can use your NEAR at any time.

Twitter | Discord | Chat | Docs | Site