- Cheddar Farm is live on Meta Yield, and their campaign ends August 25th
- Cheddar and Meta Pool are launching a meme contest starting next week
- We break down the campaign’s progress and make our case for why you should support Cheddar
Cheddar Farm is officially live on Meta Yield, and has already attracted supporters. While we are enthusiastic about those community members who have already helped fund Cheddar, we are always looking for new members to support our projects.
Cheddar is working directly to make the NEAR ecosystem a better and more profitable place for users. This is why our team wanted to work with them – and projects like Cheddar need funding from the community to bring their vision to fruition.
To support the Cheddar farm fundraising campaign we are hosting a Meme contest with their team and giving away some incredible rewards. We want our users to see the value in Cheddar as a farm and as an asset – and its time for you to get creative! The details are soon to come – so keep an eye on our socials this week!
Cheddar Farm Fundraising Goals
Cheddar Farm is a week into their campaign and still has a long road ahead to reach their goals. We want to stress the importance of community funding and the advantages of becoming early backers to DeFi projects. We have already written a few articles about the incentives available through Cheddar, which you can find here and here.
Supporting Cheddar will get you Cheddar tokens, which you can use throughout their ecosystem. It is rapidly expanding, and already includes a partnership with DeFi platform Kangaroo Coin Flip, and boosted farming pools (including one with $META tokens).
These initiatives and their funding raised from our campaign are all being used to push their platform forward. Over the course of Q3 2022, they have already delivered on their first planned partnerships, and are moving forward with NFT staking and auctions. You can find the rest of their 2022 plans below.
Meta Yield is playing a central role in moving Cheddar forward by providing some of the necessary funding. But the real value that Meta Yield brings to the community is that it provides a tangibly rewarding mechanism for supporters.
A bear market is where you place your bets. If you are reading this article, and you believe that NEAR will see $20+ again – you believe in the DeFi ecosystem that’s growing. When that level of capital becomes available to projects and users, Cheddar’s value as a protocol to boost farms, stake NFTs, and power-up your farming will explode.
As any Degen knows, the earlier you get into a project the more return you will see. The facts are that you can earn Cheddar by supporting through Meta Yield without risking your actual tokens – only the staking rewards are donated. NEAR’s defi value will increase, and Cheddar has already shown they have the VC and dev team to meet their goals. Simply put, supporting the Cheddar farm fundraising campaign is a smart strategy for those looking to increase their stake in the NEAR community. So why haven’t you visited them on Meta Yield?
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.