- Proximity announced the integration of Fireblocks to the NEAR ecosystem
- Fireblocks provides custody facility to more than 1,300 institutional investors
- Meta Pool & Meta Yield are the first DeFi protocols on NEAR to integrate Fireblocks
- Businesses and financial institutions will now have access to liquid staking of $NEAR via Meta Pool
- Financial institutions will now have the possibility to fund NEAR projects losslessly via Meta Yield
NEAR Protocol Opens to Institutional Investors with Fireblocks Custody Facility
Proximity announced during Day #1 of NEARCON 2022 that NEAR Foundation is partnering with Fireblocks, a leading provider of custody and settlement solutions for digital assets.
Fireblocks is a custody facility provider trusted by more than 1,300 banks, hedge funds, and financial institutions, and to date has ensured the safe transfer of more than $3 trillion.
This integration of Fireblocks to the NEAR ecosystem is a massive leap forward towards the adoption and trading of $NEAR by financial institutions as well as businesses. It will allow institutional users to now access the NEAR Protocol’s fast and low-cost sharded proof-of-stake blockchain safely and securely.
This means clients BNY Mellon, Credit Suisse, and other Tier 1 institutions can utilize Fireblocks’ class-leading custody solutions to access the NEAR ecosystem like never before.
Meta Pool & Meta Yield: First DeFi Protocols on NEAR to Integrate Fireblocks
Meta Pool is proud and excited to be the first protocol to integrate Fireblocks, as announced by Proximity during NEARCON 2022 – Day #1.
Liquid Staking of $NEAR for Financial Institutions & Businesses
Meta Pool is the leading liquid staking solution on NEAR protocol and Aurora’s Ethereum Virtual Machine (EVM), delegating staked $NEAR to more than 75 validators..
The participation of financial institutions and business to the liquid staking of $NEAR via Meta Pool will strongly and durably re-enforce the decentralization and censorship of NEAR protocol.
Additionally, being able to liquid stake $NEAR with Meta Pool’s protocol will expand the array of financial tools available to Fireblock’s 1,000+ enterprise partners, untapping new earning opportunities.
Thanks to the NEAR-Aurora symbiotism fostered by the powerful Rainbow Bridge and the integration of Fireblocks, hedge funds, banks, and enterprises will now be able to easily transfer assets from ERC-20 smart contracts onto Aurora and NEAR.
Thus benefiting not only from NEAR’s speed and low fees but also from a striving and innovative DeFi ecosystem!
Lossless Funding of NEAR Projects by Financial Institutions & Businesses
Meta Yield offers a new fundraising mechanism for NEAR projects, making it possible for them to avoid the pitfalls of IDOs on traditional launchpads such as an unsuccessful price discovery.
Furthermore, Meta Yield’s unparalleled lossless funding mechanism, now combined with Fireblocks’ custody facility solution, truly paves the way for VCs and financial institutions to financially support NEAR projects without putting at risk their crypto assets, only the staking rewards generated from them.
The incredible interest and vote of confidence from the NEAR community for Meta Yield and the 7 GameFi projects (supported by Human Guild) currently running for a 20,000 stNEAR initial financial backup only makes the arrival of Fireblocks to Meta Yield even more exciting!
We are looking forward to seeing new funding and growth opportunities for projects launching on NEAR protocol.
Fireblocks is a leading enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets.
Fireblocks enables banks, fintechs, exchanges, liquidity providers, OTCs, and hedge funds to securely manage digital assets across a wide range of products and services.
The technology consists of the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,000 financial institutions and has secured over $2 trillion in digital assets.
Fireblocks has a unique insurance policy that covers assets in storage & transit and offers 24/7 global support.
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.