The LiNEAR Protocol has recently introduced its latest governance token, $LNR, alongside $bLiNEAR (boosted $LiNEAR), the first staking derivative token in DeFi.

With $LNR, holders gain direct influence over LiNEAR's staking strategy and the ability to set staking pool rates, while also benefiting directly from the protocol's growth. Additionally, the liquid staking protocol on Near has been unveiled, boosting $LiNEAR or $bLiNEAR to unlock near-restaking liquidity for enhanced yield and capital efficiency among LiNEAR Protocol users.

LiNEAR stands out as one of the premier liquid staking derivatives on Near, allowing users to stake NEAR tokens for PoS rewards and LiNEAR tokens. $LiNEAR represents users' staked NEAR tokens, which can be utilized in other DeFi protocols and crypto staking pools.

The introduction of $LNR presents new opportunities for network participants, empowering them to engage in LiNEAR's decision-making and development processes, including insurance fund staking, governance decisions, revenue sharing, and incentive programs.

Meanwhile, boosted $LNR serves as the latest asset type on Near, designed to unlock liquidity for restaked NEAR tokens. Users earn $bLiNEAR by depositing NEAR tokens in the $bLiNEAR staking pool, facilitating automatic restaking of NEAR tokens. This liquid token can be utilized in other DeFi protocols for activities like liquidity provision or lending, offering users seamless conversion to $NEAR without the hassle of unbonding and unstaking procedures.

Restaking further enhances the advantages of the Near protocol, increasing revenue for users restaking NEAR tokens and adding utility and value to the token through its integration into more middleware and application chains.

LiNEAR has also announced an airdrop campaign for $LNR for early $bLiNEAR and existing $LiNEAR adopters, providing further incentives for participation.