What is Meta Pool? Meta Pool is a Liquidity Staking solution protocol built on the Near Protocol ecosystem. Betting models are no longer strange in the crypto market, so what is different about Meta Pool’s model? So what is Meta Pool? Let’s find out through the article below
To better understand the article What is Meta Pool, people can refer to some of the projects below to get an overview of Meta Pool.
- What is Aurora (AURORA)? Aurora cryptocurrency overview
- What is NEAR Protocol (NEAR)? Near Protocol Cryptocurrency Overview
What is Meta Pool?
Meta Pool Overview
Metapool is a decentralized liquidity staking solution protocol for Near and wNear tokens built on the Near Protocol ecosystem. Users stake Near and wNear with Meta Pool to receive stNear (an asset that brings profit, accumulated after each epoch), while still being able to use stNear to use Defi services (Yeild, Lending & Borrowing, …) on Near Protocol or Aurora.
By eliminating the dependence on centralized liquidity providers and intermediary tokens, minimizing congestion, improving the ability to convert between tokens, transaction fees on Meta Pool will be very low.
Users can experience available products to optimize profits with stNear on Meta Pool such as: Lending, Borrowing, Farming, Swap.
Meta Pool Differences
- Near tokens are distributed to more than 80 validator nodes to diversify, avoiding putting all eggs in one basket.
- The traditional Near unstake process takes 4 epochs (48-72h). With Meta Pool, you can unstake immediately with only 0.3% – 3% fee.
- Meta Pool differs from other protocols on the market by using a network of liquidity pools (called Meta Pooling) connected to each other, supported on multiple platforms besides Near such as: Ethereum, Binance Smart Chain.
- Users can participate in activities on Meta Pool without going through any KYC process.
The components that make up the Meta Pool
- Liquidity Provider: Are liquidity providers on the pool with assets such as Near and wNear
- Staker: These are Near and wNear bettors earning stNear rewards. Users continue to earn rewards from staking and also use stNear for other Defi services (lending/borrwing, yeild) on Near and Aurora.
Mechanism of action
- Step first: Deposit your Near into Meta Pool, then get it distributed evenly across the best performing validators, start earning staking rewards.
- Step 2: Receive $stNear, which is a token representing a deposit equal in value to the $Near staked
- Step
3: Deploy your $stNear to a Defi platform to achieve maximum capital efficiency with a reasonable APY (~10%)
Development roadmap
Updating…
Core Team
- Lucio Tato: Founder, Technology/ Architecture.
- Claudio Cossio: Co-founder, Product/ Growth.
- Alan Estrada: Developer.
- Fritz Wagner: Designer.
Investor
In addition to being backed by the large funds above such as: Dragonfly, Palmera, D1 Ventures…, MetaPool is also cooperating with many reputable organizations in the industry. Specifically, with OIN Finance, stNEAR is used as collateral to borrow stUSD. With Astro DAO, META token holders have the right to propose and vote to control ASTRO DAO in MetaPool DAO. Ref Finance, Trisolaris: AMM on Near and Aurora, also support stNEAR.
Near foundation has staked 1.5m Near to the metapool as a message of security and safety.
Tokenomics
Overview information about Meta tokens
- Token Name: Meta Pool.
- Ticker: $META.
- Blockchain: Near.
- Token Standard: NEP-141.
- Contract: 0xc21ff01229e982d7c8b8691163b0a3cb8f357453
- Token Type: Governance.
- Total Supply: 1,000,000,000 META.
- Circulating Supply: Updating…
Token Allocations
- DAO Reserve: 45%
- Founders: 39%
- Community & Distribution: 10%
- Team Expansion & Advisors: 6%
Token Release
- Founders cThere is a 1-year lock-in period, followed by a 2-year linear release.
- Team & Advisors 2-year lock-in period, followed by a 1-year linear release.
- Investors lock-in period of 1 and 2 years, then linear 1 year.
- Community & Treasure DAO to the community and early backers, so they can be part of the governance and help launch the initial launch of the Meta Pool. In Phase II, META token holders will vote on DAO Grants to develop stNEAR integration projects.
Token Usecase
META token is used for the main function of administration. META holders have proposal and voting rights regarding the control of ASTRO DAO in MetaPool DAO.
Administration at MetaPool will be divided into two stages. The first phase belongs to the DAO and MetaPool board members. In the following stage, META owners will control the DAO and the project’s further plans.
Exchanges
Currently, it is not possible to buy any Meta tokens at Cex exchanges, users can only buy at Dex exchanges in the Near ecosystem such as: Trisolaris and Ref finance.
Project information channel
- Twitter: https://twitter.com/meta_pool
- Discord: https://discord.com/invite/tG4XJzRtdQ
- Website:
Summary
With a project holding TVL ranked 2nd on a still-nascent ecosystem like Near, having a different betting mechanism along with support from many top investment funds like Meta Pool is very worthwhile for small investors. as odd as we keep an eye on. What do you think about Meta Pool and the Near ecosystem? Please leave a comment below!