Is near protocol DeFi?

Now, NEAR is making DeFi more accessible to everyone . With the launch of the Rainbow Bridge, DeFi is officially live on NEAR and unlocked for all creators and users around the world. All assets originating in Ethereum — now counting in the tens of billions — are now fully usable in NEAR applications.

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Is near a cryptocurrency?

As a competitor of Ethereum, NearProtocol is also smart-contract capable and a proof-of-stake (PoS) blockchain. Near uses sharding technology to achieve scalability, a core aspect discussed later. The native token, NEAR, is used for transaction fees and storage on the Near crypto platform .

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