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What is veNEAR

veNEAR (vote-escrowed NEAR) is a governance token that allows NEAR holders to participate in House of Stake governance through a stake-weighted, time-locked mechanism.

By locking NEAR, stNEAR, or liNEAR tokens, users receive veNEAR. The longer the lock duration, the greater the voting power received. This aligns incentives for long-term commitment and active participation.

veNEAR Flow

Key Characteristics​

  • Non-transferable: veNEAR cannot be transferred or traded.
  • Time-weighted voting power: Voting power increases with the duration of the lock — no minimum or maximum period required.
  • Multi-asset support: Users can lock NEAR, stNEAR, or liNEAR to receive veNEAR.

Purpose of veNEAR​

  • Aligning stakeholders over the long-term to influence the direction of NEAR governance.
  • Provide a clear and predictable incentive structure via reward distribution.
  • Encourage thoughtful participation and discourage manipulation.

Why It Matters​

veNEAR creates strong alignment between governance power and economic commitment. Those who lock assets for longer periods gain more influence, encouraging responsible, engaged decision-making that supports the long-term health of the NEAR ecosystem.