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FAQ Meta Yield

Stake. Support. Earn
Meta Yield is a kickstarter for new projects on NEAR to get funded by the community. It leverages staking to de-risks the financing of these projects:
Projects can request an amount of $NEAR that they need to launch their product/dApp.
Backers get the opportunity to back project(s) they like and feel will increase in value over time, as well as be deemed valuable for the NEAR ecosystem and the community.
In exchange for their support to the project, backers will receive a certain number (proportional to their support) of the project's native tokens.
In the short term a secondary market platform will be aggregated to Meta Yield so that backers have the possibility to trade their IOU (contract proving stNEAR commitment to the project).
For Backers:
  • Exposure and access to different projects and their tokens
  • De-risked backing: backers are not committing all their NEAR tokens in a project, just their staking rewards
  • Backers get a IOU (Bond) with the NEAR value of their deposit.
For Projects:
  • Get exposure to and funding from the community
  • Contribute to and support the decentralization of NEAR
  • Easy channel to distribute their tokens
  • Not a Price Discovery mechanism: projects are getting funding to kickstart the development.
Meta Yield works with 4 simple steps:
  1. 1.
    ​Liquid stake $NEAR tokens with Meta Pool and get stNEAR.
  2. 2.
    Lock your stNEAR to support crypto-based projects
  3. 3.
    Earn new tokens: get tokens from new projects launching on NEAR at seed price.
  4. 4.
    Recover your NEAR: At the end of the locking period, you recover 100% of your NEAR
Simply said, you can support crypto projects, get rewarded the project's native token and contribute to the growth of the NEAR ecosystem without losing your staked tokens.
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Meanwhile, you can keep track of the project status, and how close they are to their goals.
In the short term a secondary market platform will be aggregated to Meta Yield so that backers have the possibility to trade their IOU (contract proving stNEAR commitment to the project) for $NEAR.
Meta Yield has currently has a pipeline of more than 30 projects (and growing) willing to leverage the unique opportunity the platform provides.
Each project landing on Meta Yield for a fundraising campaign will get support from Meta Yield at no cost from a marketing and promotion perspective:
  • Pre-launch campaign during the 2 weeks prior to launch
  • Launch promotion
  • Weekly on going promotion during the fundraising time window
Additionally we are working with different entities of the NEAR ecosystem that are interested in the opportunity of financially supporting these new projects on NEAR.
Meta Yield is a project built by the original team behind Meta Pool co-founded by Claudio Cossio and Lucio Tato.
The team is composed of smart contract and frontend developers, backed by the lead team of product, project, and marketing manager.
Meta Pool is the first liquid staking solution for $NEAR and wNEAR token holders on NEAR and Aurora.
Security is one of our top priorities, this is why Meta Yield is in the process of being audited by Blocksec. We will publish the report as soon as it is ready.
Meta Pool's BlockSec security audit report is available for download there Audits.
Even though the Meta Pool team is curating as much as possible the projects launching a fundraising campaign on Meta Yield, nothing is guaranteed and there are always risks.
So before diving into financially supporting a project on Meta Yield, here is a first set of questions you have to ask yourself before backing a projects are:
  1. 1.
    Do I understand the project’s offering?
  2. 2.
    Am I convinced by the Project (product, service, team, roadmap, etc) and its value proposition?
  3. 3.
    Do I believe this project is going to increase in market share, TVL and token value over time?
  4. 4.
    Do I consider that all the above and the reward (project token) is good enough for me to back it?
Do your own research (DYOR) before spending your tokens.
Projects raising funds on Meta Yield have a low level of risk, since they only receive staking rewards from supporters, so they don’t have to lock any kind of token to claim their rewards.
The project tokens allocated to the fundraising campaign for backers in exchange of committing their future staking rewards are distributed after a lock period and via a linear release over a period of time defined by the project.
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If a project does not reach any funding goal the stNEAR tokens that have been committed by backers will be returned to them immediately after the end of the fundraising period.
We deeply believe in the importance and value of growing the NEAR ecosystem:
  • More projects (Music, GameFi, DeFi) need to be launched on NEAR.
  • These projects need visibility in order to get interest, traction and be able to live and grow in the long term.
  • NEAR is a fast-growing ecosystem and is needed to diversify the fundraising mechanism.
  • stNEAR is a cornerstone token of the NEAR ecosystem economy and we are constantly expanding its utility.
You can find more information at Meta Yield site and our FAQ Meta Yield​
Any project interested in being listed on Meta Yield to raise funds should get in touch with team via: [email protected]​
Projects that need to fund their dApp can request an amount of NEAR that they need to launch and finance their product/app.
Backers lock their stNEAR for 12 months. Only the staking rewards generated during that lock period are used to back the project(s).
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Backers get a receipt (an IOU) for their stNEAR, so they can claim the corresponding underlying NEAR tokens after the project has earned all their rewards.
Backers get all their NEAR tokens (minus the staking rewards) after the lock period.
Backers will receive a certain number of the project's native tokens in exchange for supporting the project. This process follows a vesting plan and depends on the backing and the funding goal reached.
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As an example, let's talk about Alice, who wants to back a project on Meta Yield with 10 $NEAR:
  1. 1.
    She liquid stakes 10 $NEAR with Meta Pool and gets ~9.246 stNEAR;
  2. 2.
    She deposits her ~9.246 stNEAR to support the fundraising campaign of the project;
  3. 3.
    After the fundraising campaign is closed, Alice receives a number of project tokens following a vesting plan* and depending on her backing and the funding goal reached;
  4. 4.
    After a lockup period of 12 months, Alice gets ALL her $10 NEAR back;
  5. 5.
    Only the staking rewards received after the locking period will be used to fund the project.
* The vesting plan is defined by the project. It is generally constituted of a lock period and linear release period. The total vesting period should not exceed 6 months.
Launchpads are not fulfilling the same goals as Meta Yield. They are different approaches. For us a launchpad that is focused on trading NEAR for another project token is not much different then swapping them on a DEX/AMM.
Meta Yield works as a fundraising mechanism where people can support crypto projects without losing their tokens. We want to build a long term commitment relationship (don't worry it is not marriage) between NEAR token holders and projects.
We believe that supporting projects with NEAR staking rewards is the best way: this offers a long term view on building utility for a project's token instead of just trading it for short term value creation.
Besides supporting a project on Meta Yield, NEAR tokens from the backers will make the network more decentralized and censorship-resistant.
​PembRock Finance is the first project to have a fundraising campaign on Meta Yield.
PembRock is not another Decentralized Exchange: PembRock Finance is the first leveraged yield farming project on NEAR!
Lenders earn passive income by depositing their crypto into the vaults which fund liquidity pools, while yield farmers can maximize their profits by opening a leveraged position.
Farming is still in an early stage of development inside NEAR Protocol, and supporting this project can open new opportunities to the community, giving different ways to participate in decentralized finances.
It is essential to have exciting projects listed on Meta Yield to guarantee a sustained number of backers.
And it is crucial to have a solid community of backers so that projects can successfully raise funds and therefore be attracted to Meta Yield.
At the end of the day, it is a "chicken and egg" story: what comes first?
At Meta Yield we have opted to build a solid and attractive pipeline of projects to showcase to the NEAR community and attract backers.
Meta Yield is also partnering with NEAR ecosystem funds and guilds to support projects on Meta Yield.
Our approach and strategy is to put NEAR token holders front and center on every product we built on top of a liquid staking asset.
Meta Yield allows NEAR token holders to diversify the benefits of staking their assets and leverage Meta Pool's liquid token stNEAR to give them exposure into new projects coming into the NEAR and Aurora ecosystems.
They get to keep their NEAR and support projects or platforms that they believe can bring value to the NEAR Protocol network by only giving away the staking rewards generated by their NEAR token in exchange for the project's tokens.
Meta Yield´s goal is to increase the value of the ecosystem and the network, by supporting the security and censorship resistance of the NEAR blockchain through staking and for projects to receive NEAR staking rewards.
Yes, the current market situation is rather difficult. But at the end of the day, like in any financial asset allocation, you need to think and define your objectives, their time-line, and your risk acceptance level.
Personal Finance 101: the less the risk is, the longer the lock period or the less is the benefit.
In general and specifically in the current context, launchpad and DEX/AMM can be quite risky for crypto asset owners.
Meta Yield offers a different approach. Meta Yield allows NEAR token holders to diversify the benefits of staking their assets and leverage Meta Pool's liquid token stNEAR to get exposure to new projects coming into the NEAR and Aurora ecosystems with a zero-risk: only the staking rewards of the committed stNEAR are used to back the projects. Backers get all their $NEAR tokens (minus the staking rewards) back after the 12 months lock period (which is quite a short lock period when talking about Personal Finance 101).
So if you believe in NEAR in the long term and you have DYOR on the project you want to back, this shouldn't be a problem.
The funding goals set up by the project are set in $NEAR / stNEAR. So the successful closing of a fundraising campaign is totally independent from the USD value of the $NEAR token.
And like for any regular market, timing is a success factor. But the right/perfect timing is rarely, not to say never, attained.
However the project has 2 options to redeem the financial support obtained through the fundraising campaign:
  • Get the staking rewards upfront at a discounted rate.
  • Wait for the lock period to end before receiving the staking rewards.
This gives the project the opportunity to somehow time the market and eventually wait for better times in terms of USD value of the $NEAR token.
The price is determined by the Project itself based on multiple parameters such as:
  • Expenses that the project should cover to achieve his goals;
  • IDO already done or upcoming;
  • Simple agreement for future tokens (SAFT);
  • Pre-sale / Private sale parameters;
  • Project tokenomics;
  • Token Utility.
Because we want to make it as attractive as possible for backers, Meta Yield uses the following criteria (non exhaustive list) to select a project:
  • Team behind the project
  • Value proposition
  • Amount requested
  • Current status of the project
However, even though the Meta Pool team is curating as much as possible the projects launching a fundraising campaign on Meta Yield, nothing is guaranteed, and there are always risks.
So before diving into financially supporting a project on Meta Yield, here is the first set of questions you have to ask yourself before backing a project are:
  1. 1.
    Do I understand the project’s offering?
  2. 2.
    Am I convinced by the Project (product, service, team, roadmap, etc) and its value proposition?
  3. 3.
    Do I believe this project will increase in market share, TVL, and token value over time?
  4. 4.
    Do I consider that all the above and the reward (project token) is good enough for me to back it?
Do your own research (DYOR) before spending your tokens.
The $NEAR token price and the locking/unlocking of $NEAR tokens on Meta Yield are a priori 2 totally unrelated events for the following reasons:
  1. 1.
    The amount of NEAR tokens can be large but not significant compared to the total market cap of NEAR
  2. 2.
    The value of NEAR Protocol, ergo its $NEAR token price, goes way beyond projects fundraising on a launchpad like Meta Yield.
Another way to formulate the question is using the analogy with a simple case of staking/unstaking on Meta Pool: what happens tomorrow if a whale unstakes thousands of $NEAR?
Nothing unless that whale sells-off all its $NEAR tokens.
It is determined by Meta Pool's protocol for liquid staking.
There is a ratio of exchange from $NEAR tokens to stNEAR tokens, and this ratio changes every epoch measured in the NEAR Network.
The stNEAR:NEAR tokens ratio grows according to the network staking APY, this is the fundamental mechanism of Meta Pool.
But because Meta Pool is accruing the NEAR tokens paid as rewards from single validators, your amount of stNEAR is not increasing.
For example, you liquid stake tokens when the value of 1 stNEAR is 1,06 NEAR. With this ratio, by liquid staking 10 $NEAR tokens, you get 9,434 stNEAR tokens.
Since the value of stNEAR in relation to $NEAR is constantly increasing, after a while having 9,434 stNEAR you will get more $NEAR tokens. Let’s say the stNEAR: NEAR ratio has increased and now 1 stNEAR equivalent to 1,08 NEAR. This means that now, your 9,434 stNEAR are worth 10,19 $NEAR (9,434*1,08 = 10,19).
For more information about stNEAR and liquid staking, please read our Guide to stNEAR and Liquid Staking NEAR Native Tokens.
Not considered by the moment, but it can change in the future.
In the short term, a secondary market platform will be aggregated to Meta Yield so that backers can trade their IOU (contract proving stNEAR commitment to the project).
If a backer trades his/her IOU for $NEAR tokens, what is taken into consideration for that trade is the base amount of $NEAR (staking rewards is not part of that calculation). The backer will get liquidity at a discount in exchange of the IOU.
But the Project's native token reward received in exchange for supporting the project is not involved in that specific transaction.
The stNEAR the supporters deposited are will not be locked until the funding period finished. You are free to withdraw during the funding time window.
You can reach our team through Bug Bounty Program or you can mention us through our support channel at Discord.
Keep calm and breath, our team will take care of it.
If the fundraising campaign were to be not successful, backers will get all their stNEAR back immediately after the closing of the fundraising campaign and the native tokens of projects will be returned to projects.
The decision of doing another fundraising campaign at a later stage will be up to the project.
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