- Meta Pool is launching three new farms with WannaSwap: wNEAR <> stNEAR | WANNAx <> stNEAR | META <> stNEAR
- Earn Dual Rewards: $WANNA and $META
- Obtain stNEAR by depositing NEAR directly on Metapool.app and sending stNEAR over the Rainbow Bridge
WannaSwap joins the party — stNEAR based Pools
As we posted a few weeks back, we are thrilled that Meta Pool assets are expanding into Aurora! Our goal is for Aurora users to benefit from our liquid token stNEAR, so they can engage with lending and liquidity provision for farms in Decentralized Exchanges (DEXs) and Automated Market Maker (AMM) platforms built on top of Aurora network. arms with WannaSwap
One of the benefits of a decentralized network is that capital flow and yield opportunities are open to anyone that wants to participate in them, we want to give stNEAR token holders a broad spectrum of choices on Aurora, that is why Meta Pool is launching 3 farms with WANNASwap. The three stNEAR liquidity pools on Aurora will go live on March 11th!
As all Meta Poolers know, stNEAR allows NEAR holders to earn staking rewards while participating in DeFi, so let’s have a look at the 3 different farms:
- WANNAx <> stNEAR
Benefits of Using stNEAR on a Liquidity Pool
The value proposition of using stNEAR over traditional wNEAR in Liquidity Pools is quite simple: increase the number of revenue streams for LPs to three:
- Swap Fees: a small percentage of each trade.
- Farming Rewards: incentives provided by the protocol (i.e. REF) to attract capital.
- Staking Rewards: currently sitting at approx. 10%
The use of stNEAR, a yield bearing asset, will be particularly beneficial for low volume pools or pools that do not have any farming incentives.
As part of our new strategy to distribute $META rewards through our partners, all users providing liquidity to the stNEAR pools will earn double rewards in both $WANNA and $META! Meta Pooler, you can take advantage of this opportunity and be ready to participate in our future DAO!
How to obtain stNEAR?
Get stNEAR from NEAR:
- Deposit NEAR into Metapool.app, receive stNEAR; or
- Swap NEAR for stNEAR on REF Finance
- Send stNEAR over the Rainbow Bridge from NEAR
Get stNEAR from Aurora:
- Swap wNEAR for stNEAR on WANNASwap or Trisolaris
- Deposit NEAR into Meta Pool & receive stNEAR with your Metamask wallet
Meta Pool team will continue to broaden its network of partners in Aurora to increase the uses of stNEAR. More importantly is that in the next few weeks we will launch liquid staking for wNEAR assets through the EVM Rainbow Bridge, so users can get stNEAR directly from Aurora with just a few clicks.
These pools plan to go live on March 11th. We will share exact details on both our Discord/Twitter/Telegram, stay tuned!
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
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.