Dragonfly and A&T participated in the investment. Can "Meta Pool" become the NEAR version of Lido?
On December 11, Meta Pool, a liquidity staking protocol based on the NEAR ecosystem, announced the completion of its seed round of financing, with participation from Dragonfly Capital, A&T Capital, Move Capital, Blockwall, D1 Ventures, and SkyVision Capital.
Similar to Lido in the Ethereum ecosystem, Socean in the Solana ecosystem, and Bifrost in the Polkadot ecosystem, from the perspective of business model, Meta Pool is a NEAR-based pledge pool. Users who need to pledge NEAR on the NEAR network can choose to store NEAR in the Meta Pool. The protocol will entrust these NEARs to specific nodes with excellent performance, and return the user 1:1 representing the share of the pool according to the number of NEARs. Derivative token stNEAR.
In this way, the asset liquidity that was originally locked due to pledge will be liberated in the form of stNEAR, and users can freely transfer, trade or mortgage and reuse these derived stNEAR, thereby improving investment flexibility and potential returns ability. In addition, Meta Pool will also automatically execute the reinvestment of staking rewards, which will make the rate of return of staking based on Meta Pool higher than that of conventional staking methods.
When Meta Pool users want to unstake, they can choose the normal way to unstake and wait for nearly two days to go through the entire unlocking process, or they can choose to exchange stNEAR for NEAR directly in the DeFi protocol that supports stNEAR, but It should be noted that the final number of NEAR unlocked by this instant measure will be affected by the liquidity relationship to a certain extent.
As a decentralized protocol, Meta Pool will also launch its own governance token META. META is generated based on the NEP-141 format, and the most direct way for users to obtain META is to participate in the pledge through the Meta Pool. It should be noted that Meta Pool has clearly mentioned on the official website that META has no other value except to participate in the management and behavioral decisions of the platform.
Judging from recent business trends, Meta Pool is currently actively cooperating with major DeFi applications in the NEAR ecosystem to expand the usage scenarios of stNEAR. Stablecoin - USDO.
For public chains like NEAR, liquidity staking solutions have become an essential infrastructure component for ecological development. On the one hand, such services can amplify the pledge willingness of public chain token holders, allow more people to participate in the construction of the underlying consensus, and improve the overall security of the public chain. On the other hand, such services can also As an intermediate layer, it allocates the number of tokens entrusted between different nodes, thereby effectively improving the overall decentralization level of the public chain.
