Meta Pool is not only a DeFi puzzle piece that helps Near’s TVL near the 100 million dollar mark but also the leading Liquid Staking solution on the NEAR ecosystem. The project solves common problems of Proof of Stake staking such as low liquidity, and poor accessibility, and at the same time helps users maximize profits when staking NEAR. Let’s find out more about this project in the post below.

What is Meta Pool?

Meta Pool is a Liquid staking protocol built on top of the NEAR Protocol. Everyone can participate in staking with Meta Pool using automatic features. After staking, the user will receive stNEAR and 10% of Staking rewards. With this special feature, users will simultaneously earn NEAR staking rewards and stNEAR profits by participating in DeFi platforms.
The goal of Meta Pool is to solve problems such as liquidity, immobility, and accessibility. Especially, it makes the staked NEAR tokens more liquid and distributes staking in many validators. It leads to improving the security of the network.

What is stNEAR?

As mentioned above, users will receive stNEAR when staking NEAR in Meta Pool. stNEAR will represent your share of Meta’s pool. During each epoch (every 12 hours), the bot calculates the reward from all stakes and increases the price of stNEAR accordingly.

stNEAR can be used to send, receive, and trade like other NEP-141 tokens. Besides, it is also used to increase liquidity in the pool and boost on-chain activities.

What is Liquid Staking?

Liquid Staking is an alternative to traditional Staking. In other words, it allows users to effectively stake NEAR and unstake NEAR without having to wait 52 to 65 hours to receive their dual rewards. However, users will have to pay 0.3% – 3% fee depending on the number of NEAR tokens they want to unstake.

What are the features of Meta Pool?

• Solve the illiquidity and accessibility of Proof of Stake staking.
• Users simultaneously earn rewards from staking NEAR and profits from stNEAR.
• Easy to unstake, swap back to NEAR tokens at any time (0.3 – 3% fee) or 2 – 6 days (no fee).
• Users can maximize their profits with the compound function (automatically compounding) into capital.

META Token

Key metrics of META

• Token Name: Meta Pool.
• Ticker: META.
• Blockchain: NEAR.
• Standard: NEP-141.
• Token contract: 0xc21ff01229e982d7c8b8691163b0a3cb8f357453.
• Token Type: Governance Token.
• Total Supply: 1,000,000,000 META.

Allocation

The Meta Pool has a total supply of 1,000,000,000 META distributed as follows:

• Community & Treasury: 57.4%
• Founder: 30%
• Investors: 10%
• Team & Advisors: 2.6%

Token Use Case

• Governance: META token holders will have the right to propose and vote to control the ASTRO DAO in the MetaPool DAO. The administration is divided into two phases:
  • Phase 1: DAO and council members – part of the core team of Meta Pool.
  • Phase 2: : META token holders will control the DAO and decide the next intentions for the Meta Pool.
• Fees in the Meta Pool Treasury are used to buy back META tokens.

Road map

Q3- 2021

• Launch stNEAR– wNEAR farm.
• Partner with AstroDAO.

Q4- 2021

• Unlock token META.
• Allows stNEAR to be used as collateral on DeFi.
• Launch of the stNEAR swap pool – NEAR.
• Launch of META farm – stNEAR.
• Partner with OIN Finance, Burrow Cash, and Rose.

Q1- 2022

• Launching Meta Pool DAO.
• Voting on DAO.
• Treasury allocation.
• Publish the list of allocations Validator.
• Pegged-NEAR loan contract development.
• Combine DEX.
• Partners with Trisolaris, NearPad, and Aurora

Q2- 2022

• Dividend Pool stNEAR/META.
• Fee specifications for liquidity pools NEAR/stNEAR.

Team, Partner, and Backer

Team

Meta Pool’s team includes:

Partner

Meta Pool is currently in partnership with:

• OIN Finance: stNEAR will be used as collateral to borrow stUSD.
• Ref Finance: Launching pool with META/stNEAR, META/REF, META/marmaj, and META/USDT pairs.
• Astro DAO: META token holders will have the right to propose and vote to control ASTRO DAO in MetaPool DAO.
• Trisolaris: Launching Pool with wNEAR/stNEAR, stNEAR/META, USDC/META, and USDT/META pairs.

Backer

This project is backed by great people.

The future of Meta Pool

The explosive growth of TVL across the NEAR ecosystem shows that many users are pouring money into this ecosystem. However, besides a variety of collateral such as ETH, wBTC, NEAR, etc., stNEAR is currently the most popular collateral because it allows self-pay loans.

Specifically, the income received from staking rewards (about 10% per year, paid in NEAR) is higher than the cost of borrowing stablecoins (currently 3 – 6% per year, in USD).

Meta Pool is currently ranked 3rd by TVL in the Near ecosystem with $118.27M.

APY when you use features on Meta Pool is quite high, from 11% – 23%.

April will be a month of strong TVL growth for Meta Pool, with reasons such as:

• Bastion accepts stNEAR as collateral on Aurora Realm and adds stNEAR to Main Hub. This will increase the reach of stNEAR and open up more liquidity potential.
• Aurigami allowed stNEAR to be collteral on April 1 with 40% Loan-to-Value (LTV). Aurigami is also planning to increase LTV over time, allowing users to borrow more assets over time.
• Burrow Cash will add liquidity mining incentives to increase the applicability of stNEAR.
• OIN Finance issued nUSDO using stNEAR as collateral in December. Currently, nUSDO is limited due to a lack of convertibility to other stablecoins. However, nUSDO announced a pool in Jumbo starting mid-April. The NEAR Foundation has also announced that grant recipients will be able to choose stablecoins (including nUSDO or NEAR).
• Rose Dollar (RUSD) accepts stNEAR as collateral. All of the above has the potential to accelerate the adoption of NEAR leveraging supercars, driving demand for stNEAR, and increasing TVL over time.

Conclusion

The launch of the Meta Pool is an important part of the DeFi ecosystem on NEAR. That is why Liquid Staking is gaining popularity in recent days. Currently, Meta’s TVL is hitting the $13 million mark and will grow strongly in the near future, when the platform launches many features that attract attention from the community.
In the future, this can be a steed in the NEAR ecosystem thanks to its ability to optimize profits with NEAR and it also solves the common problems of Proof of Stake staking. Besides, stNEAR is being accepted by more projects as collateral, thereby expanding in more use cases.

Meta Pool’s Community

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