TL;DR
- NEAR HUB took the lead in the final hours to earn 50,000 stNEAR. The project is now funding on Meta Yield Launch Pad.
- Jump DeFi receives 20,000 stNEAR with a later launch date.
- Go to Meta Pool & stake $NEAR to support new crypto-based projects.
NEAR HUB takes the lead
On February 8th we wrapped up the sixth Meta Vote competition, where users can use $META tokens to vote for their favorite projects. In this contest, the votes came neck and neck just three hours before the completion of the competition. The two participating projects reached out to their communities on Twitter to ask for additional support in the final hours and there was an exciting finish as NEAR HUB pulled ahead of the previous leader, Jump DeFi who came in second.
As the winner, NEAR HUB launched their campaign on Meta Yield first and with 50,000 stNEAR in initial backing. We’re excited to see support for this virtual platform, as NEAR HUB connects the global NEAR community by providing a forum for developers, entrepreneurs, and enthusiasts working with the NEAR blockchain to share resources, exchange ideas, and collaborate on projects.
In this contest everyone is a winner! Coming in second place, Jump DeFi receives 20,000 stNEAR for their crowdfunding campaign, which launches February 22nd on Meta Yield. The tools and resources of Jump DeFi will allow potential integrations and partnerships with the other projects making up the NEAR ecosystem.
How projects leverage Meta Vote
Meta Vote allows projects to gain a first round of funding and awareness in the NEAR and Meta Pool communities through an engaging competition. Our goal is to create a platform that will allow anyone to accumulate voting power and make a long-term impact on Meta Pool ecosystem.
If you would like to vote for your favorite projects in the next campaign, this article provides step-by-step instructions on how to obtain $META tokens and use Meta Vote.
How projects earn funding
Now that both NEAR HUB and JUMP DeFi have a guaranteed allocation of stNEAR for their campaigns, the NEAR and Meta Pool community can support them through Meta Yield.
Mechanics for funding a campaign on Meta Yield.
- Backers commit & lock stNEAR to support crypto-based projects (if you don’t have stNEAR go to Meta Pool & stake $NEAR)
- Projects only earn staking rewards (~10%) of what backers commit, not the underlying crypto assets.
- Backers earn tokens from new web3 projects launching on NEAR
- Backers recover their crypto assets: at the end of the locking period, you recover 100% of your NEAR. We call it lossless crowdfunding
Give your support through 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
~9.36% 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.
