Meta Pool Vision

Decentralization

Meta Pool has decentralization as a core value to create a user-friendly mechanism that automatically diversify stake in the network in order to increase network decentralization and censorship-resistance.
We believe that an active protocol in a proof-of-stake network is required to help users diversify and avoid centralization of stake.
This is intended to maximize the Nakamoto Coefficient for the NEAR blockchain, and in that process make the entire network more valuable and unstoppable.

Ease of Use

The process of stake diversification, even if complex in the back-end side, should be presented to the user as simplified as possible. Users should be able to stake and unstake with a few clicks and with no waiting periods.

Liberate Stake

In all proof-of-stake networks, locking the stake is fundamental to security. At this point, there is a substantial amount of native token staked in NEAR, but this absolute locking precludes usage in decentralized finance and is highly capital inefficient.
Meta Pool intends to liberate stake and keep the network security at the same time. Meta Pool provides a token, stNEAR, representing each user’s share of our diversified stake pool, so users are contributing in the best way possible to security and decentralization and at the same time, they receive a token that can be used in decentralized finance to earn additional yield.
We provide value to the user and the network by liquifying large locked capital assets, liberating it to be used in the ecosystem.

stNEAR, Base Lego Brick for the Ecosystem

By providing stNEAR, a token generated from the largest, now inefficient and locked capital asset of the network, the locked stake, Meta Pool intends to make stNEAR the base Lego brick of DeFi in NEAR.
We intend to promote swap pools for every token available using stNEAR tokens as base denominator, and also promote lending protocols using stNEAR tokens as main collateral.

Community-governed DAO

The key components of a healthy and sustainable liquid staking protocol supported by a solid community-governed DAO are:
  • the tokenomics (for the community)
  • the revenue model (for Meta Pool’s operations)
We have been working hard on a revised version of our $META governance tokenomics as well as on developing new products that will allow more utility for stNEAR to be able to deliver on that vision.
The fees charged by Meta Pool are meant to provide the right resources in the Meta Pool treasury in order to deliver on our vision of sustainable liquid staking protocol, supported by a solid community-governed DAO.
The latter is also the reason why these fees are mainly distributed to the community:
  • 1.5% to Governance Incentives for the Meta Pool DAO and $META token holders
  • 1.5% to NEAR Community activities, such as Stake Wars III to help onboard new validator and chunk producer nodes, community and developer grants
  • 1% to cover Meta Pool operation costs:
    • Contract audits
    • Development

Validator Loans: a Safety-Net to Avoid Losing Validators on the Seat-Price Cliff

Meta Pool helps struggling validators to keep a seat and keep validating in case of sudden rises in seat price.
There will be staking-loans available for whitelisted validators, and also emergencies stakes from the liquidity pool. Pools requiring staking will have to pay x-epoch rewards in advance.
Fees paid will be distributed as rewards between the stNEAR holders and/or the Liquidity providers.
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Decentralization
Ease of Use
Liberate Stake
stNEAR, Base Lego Brick for the Ecosystem
Community-governed DAO
Validator Loans: a Safety-Net to Avoid Losing Validators on the Seat-Price Cliff