TL;DR
- Meta Pool is expanding the range of stNEAR Liquidity Pools
- Migrate your existing pools in just a few clicks using Meta Recipes
- OCT/wNEAR farming rewards have ended
- OCT farming rewards now only available on OCT/stNEAR
- OCT/NEAR on REF pool available for migration to OCT/stNEAR now
Introducing Meta Recipes
During our recent talk at ETH Denver we presented our updated Roadmap for 2022. One of the exciting products we announced is Meta Recipes: a simple tool that enables anyone to migrate existing liquidity into new pools and farms on DEXs and AMMs such as Ref Finance and JUMBO with just a few clicks.
How Meta Recipes Work
At its core, Meta Recipes is an **automation solution** to seamlessly migrate liquidity across pools and platforms with just a few clicks.
Meta Pool empower the user perform a series of actions in an effortless way within the same screen instead of having to perform all these steps manually.
Simply log into Meta Recipes and follow the prompts: the platform identifies your current positions, opportunities and guides you through the process.
Benefits of Using Meta Recipes
There are many benefits to using stNEAR as the base pair on Liquidity Pools. We’ve spent a lot of time thinking of ways to simplify things for our users, reduce the friction of migration to new pools and eliminate the chance that people will get lost along the way, missing out on these opportunities. Enter Meta Recipes to automatically migrate existing liquidity into new pools and farms!
All opportunities in one screen. Simple management and migration of farming opportunities. Currently Meta Recipes is being deployed to help us migrate new stNEAR based tools, but expect to see many more recipes and opportunities in the future!
Use Case: Migrating OCT/NEAR Farm to OCT/stNEAR
We’ve partnered with Octopus Network to launch the stNEAR <> OCT farm on Ref Finance so we could start migrating more than $5 Million in TVL from the wNEAR <> OCT farm in an easy and secure way.
With Meta Recipes any LP token holder that is participating in the wNEAR<>OCT farm can unbundle it with a few clicks. The process is non-custodial, which means that you are in complete control of your tokens and we only provide a way to automate a manual process, making it easy to migrate your wNEAR tokens into stNEAR.
Not only are you getting 10% to 11% APY, but you are also participating in the stNEAR<>OCT farm which can give you around 24% APY and who can say no to the extra yield.
To date, we have already migrated $3.91m to the new OCT/stNEAR pool on REF with only $1.23m remaining on the old OCT/wNEAR (no longer earning farming rewards).
Migrate Today
Visit Recipes site, to start unblunding your wNEAR<>OCT LP tokens that are not generating any APY and get the triple rewards being offered in $META, $OCT and $REF on the Ref Finance farm — stNEAR<>OCT.
Not only are you getting ~10% APY, but you are also participating in the stNEAR<>OCT farm which can give you around 24% APY and who can say no to the extra yield.
To date, we have already migrated $3.91m to the new OCT/stNEAR pool on REF with only $1.23m remaining on the old OCT/wNEAR (no longer earning farming rewards).
About Meta Pool & stNEAR
Meta Pool is the leading liquid staking solution for $NEAR and wNEAR token holders. With Meta Pool you earn NEAR staking rewards and maintain your liquidity to participate in DeFi protocols on NEAR and Aurora.
Users staking $NEAR and wNEAR with Meta Pool receive in exchange stNEAR (staked NEAR) tokens.
stNEAR simultaneously accrues staking rewards and unlocks users’ liquidity enabling them to participate in DeFi activities (e.g. lending, farming, borrowing) on NEAR and Aurora.
Stake $NEAR on Meta Pool
~11% APY
Get stNEAR
Yield-bearing token
Go DeFi on NEAR & Aurora
More APY and more rewards
Meta Pool also solves the problems associated with Proof-of-Stake networks staking: illiquidity, immovability and accessibility. Meta Pool also aims to distribute staking in multiple validators to improve censorship-resistance of the NEAR network.
With a TVL of ~9 Million $NEAR and growing, Meta Pool has become in just a few months a cornerstone element of the NEAR ecosystem. Meta Pool is making NEAR Protocol more decentralized and therefore more secure.
In February 2022 Meta Pool has been successfully audited by BlockSec, confirming the implementation of the highest security standards.
For more information visit https://metapool.app.
Join Meta Pool & stNEAR Community
If you have any questions or wish to be part of our project, don’t hesitate to join our official platforms and reach out to the team!
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