Meta Pool has taken a decisive step in its multichain governance strategy by announcing the launch of its new mpDAOstNEAR liquidity pool on Ref Finance.
This pool seeks to facilitate direct exchange between mpDAO and stNEAR tokens, while promoting more active community participation in ecosystem decisions.
The creation of this pool was a response to the mpIP-9 proposal, promoted by the community itself. With the injection of incentives, Meta Pool not only increases the liquidity of these fundamental tokens, but also reinforces market stability and strengthens the accessibility of its DeFi ecosystem. The collaboration with Ref Finance reaffirms Meta Pool’s commitment to aligning liquidity with decentralized governance.
What are the objectives of the launch?
The campaign on Ref Finance has several strategic objectives:
Increase mpDAO liquidity on the NEAR network to facilitate its trading and promote its sustainable use.
Expand the visibility of mpDAO on the NEAR and Ethereum networks, attracting new participants to the ecosystem.
Foster a more engaged community** in multichain governance, strengthening the link between liquidity and participation in decision making.
Incentives for participation and governance
The new liquidity pool between mpDAO and stNEAR represents an opportunity for users to contribute liquidity between these two key Meta Pool tokens. The incentive campaign, which will begin on November 1, 2024, will be active for three months and will offer a target APY of 10%. For this purpose, 719 NEAR have been allocated, distributed at a rate of 240 NEAR per month. In addition to financial rewards, participants in the pool will be able to increase their voting power within the DAO, integrating governance and liquidity in a meaningful way.
Meta Pool has also secured an initial liquidity injection, worth approximately $140,000, equivalent to 10,000 stNEAR and 39,032 mpDAO, which will provide stability to the pool and create an attractive environment for new users.
Direct and bridge-free access between Ethereum and NEAR
mpDAO operates as a native token on both the Ethereum and NEAR networks, eliminating the need for external bridges. Thanks to Bitju.app, users can easily move their tokens between these two networks securely and without intermediaries, simplifying interoperability and asset management.
A new stage for Meta Pool and its community
With the establishment of the mpDAOstNEAR pool on Ref Finance, Meta Pool opens a new phase of expansion in its multichain ecosystem, offering mpDAO holders an opportunity to participate in decentralized governance and earn rewards for their liquidity provision. This multichain governance model ensures that decisions made in Meta Pool impact the entire ecosystem, from NEAR and Ethereum to Aurora and other networks, cementing its commitment to inclusive and real decentralization.
Governance and liquidity: a vision of the future
The launch of the mpDAOstNEAR pool underscores Meta Pool’s vision of decentralized governance in which the community plays a critical role. As liquidity strengthens and more users integrate into governance, Meta Pool establishes itself as a key player in the evolution of liquid staking and multichain governance protocols. For mpDAO holders, this is a unique opportunity to actively participate in the evolution of the protocol, while benefiting from a more stable and valuable ecosystem. The era of liquidity-driven governance has arrived, and Meta Pool places its community at the center of its future.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
