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Stake Wars III on NEAR Protocol supported by Meta Pool

Stake Wars 3 announcement by NEAR protocol and Meta Pool

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TL;DR

  • Meta Pool is backing the latest Stake Wars competition
  • Stake Wars is here to help build a better and more decentralized NEAR protocol
  • Stake Wars is a series of technical challenges for community members who wish to become validators
  • The challenges will start July 13th - sign up now!

Working Toward a Decentralized Future

When our founders first started planning to launch a liquid staking solution on NEAR Protocol, our vision for this platform was to put NEAR token holders front and center of everything Meta Pool delivers. Stake Wars is another way Meta Pool is keeping that vision moving forward.

We envisioned a solution that will allow NEAR to succeed in decentralizing its  network and improve censorship resistance. These efforts are especially important to our founders, who are both from two countries which have endured numerous crises and are still able to compete on the global stage. 

Both Argentina and Mexico have always been thriving countries that have suffered deeply from centralisation. Despite this, their citizens have managed to create some of the largest technology companies in the region – Mercado Libre, Cornershop, KAVAK, Open Zeppelin and many other startups. 

We are working toward a future that’s built on decentralized protocols, and we are committed to help NEAR become the leading Proof of Stake protocols in Web3. That is why we are collaborating with Pagoda to launch the Staking Wars initiative for the NEAR ecosystem.

Stake Wars is Helping NEAR Onboard Chunk Producer Nodes

The main goal of Stake Wars is onboarding new validator operators and chunk producer nodes to the NEAR Protocol network. Through a series of challenges we will be helping node operators and chunk producer nodes understand how to operate and maintain a Proof of Stake node and help secure the NEAR Protocol Network.

As you may know, a few months back Night Shade was announced. This will allow the launch of shards on the NEAR blockchain network and this will open up the possibility for new nodes to be onboarded into the network.

This is essential because it will improve the Nakamoto Coefficient for NEAR blockchain. For those new to this metric, it is essentially how you measure the decentralization of a blockchain; It represents the number of valuators that will have to collude to successfully slow down or block the NEAR blockchain from operating validations of its transactions.

Stake wars 3 graphic for NEAR protocol and Meta Pool

What will Stake Wars Look Like?

The above explanation is all to demonstrate that increasing our number of node operators is critical. Stake Wars is designed to present several challenges to will help us ensure the reliability of our operators and infrastructure: 

  • Exposure of nodes to retail NEAR.
  • Maintaining the infrastructure, hardware or cloud
  • Deliver good node performance.
  • Expose new regions, especially Latin America, Asia, Africa and Middle East.
  • Community reach out to NEAR delegators.

This is just some of the work needed in order to secure your slot in the NEAR network. To do this we will be helping operators understand how they can kickstart a node and maintain it, the incentives structure around running a node on NEAR, and the community support behind it. 

We have partnered with Open Shards Alliance – a group of professional validators and Stake Wars participants – so that they can share their knowledge and insights with new participants. Having veteran operators in the NEAR ecosystem assist will give you tried and true information and advice. Sign up right here right now! We will be doing a webinar next week to answer your questions and give more information about all things Stake Wars.

Liquid Staking Supports NEAR Delegation Distribution

At the start of this year, Proximity Labs delegated 1.5 million NEAR to Meta Pool and this was distributed to more than 84 validator nodes in the NEAR network.

Through the Staking Wars initiative we will be delegating thousands of NEAR tokens to each of the winners of this challenge, with a goal of distributing millions of NEAR tokens to onboard 300 chunk producer nodes. While we cannot yet confirm specific amounts, keep an eye on our socials for more information soon!

Do not miss this opportunity to know more about how to run a node and also be part of the effort to help NEAR become more decentralized and censorship resistance.

Please reach out to us in our Discord Channel – Staking Wars for more information.

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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