What is Meta Pool, a multi-chain staking platform?

By LeftFooted | bitcoinea | 17 Aug 2024


Meta Pool is a multi-chain staking platform that supports staking across different networks.


With Meta Pool, you can stake on Ethereum, Solana, NEAR, Q Network and Aurora.


Meta Pool also provides liquidity pools where users can also be liquidity providers.


The platform also uses something called 'Vote-to-Earn', which means you can participate in votes and lock tokens to earn rewards.

According to Meta Pool, every active voter gets paid. Every month, 65 percent of the protocol fees is distributed to active voters.

Protocol fees are paid in stNEAR.


stNEAR, obviously on NEAR, is a yield bearing asset, with around 21 million in circulation.


As for Meta Pool, it is governed by a DAO, Decentralized Autonomous Organization, which uses mpDAO as its governance token.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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