NEAR Confidential TVL tops $70 million as first rewards snapshot launches
- —NEAR's Confidential TVL exceeded $70 million, and the snapshot took place on September 17
- —The distribution is 333,333 tokens, with a per-wallet cap of 2% of the total
- —Conditions: a balance above $100 and at least one Confidential Swap
- —1:1 conversion to NEAR requires VWAP above $3.33 for three consecutive days
Why it matters: The program ties rewards to retaining TVL and the NEAR price, which could support demand for the token and activity in Confidential Intents.
Source: TokenPost