Governance Engagement for Ethereum Users with mpDAO

Ethereum Users Can Now Participate in Governance Activities

With the recent launch of our multichain governance, integrating the mpDAO token on Ethereum, we are about to set a new experiment on blockchain governance. This achievement marks a historic milestone for the Meta Pool DAO and opens the door to new possibilities for a decentralized participation by users on multiple blockchain protocols. After all the effort, we have now reached an important milestone: the delegation process, allowing Ethereum users to connect with NEAR and actively participate in our governance.

Because we believe that the future is multichain, we embarked on the journey to take it forward not only for the liquid staking products we offer, but to go further and implement it for the fundamental pillar of Meta Pool, our governance.

The Importance of Delegation in a Multichain Governance

To fully participate in the governance of the Meta Pool DAO and receive rewards for active participation through voting, it is crucial to understand the delegation process. This process allows you to delegate the representation of your Ethereum account to a NEAR account, enabling you to vote and engage in governance activities seamlessly across both chains. We have written a guide to help you navigate this process.

Step-by-Step Guide to Delegate Your Ethereum Account

You can view this complete guide in our GitBook.

How Does Delegation Work?

Once your Ethereum account is delegated to your NEAR account, a new dropdown appears in the Voting Power Dashboard on the NEAR representative network.

Key Features:

Network Selector: Choose between NEAR and Ethereum to perform various transactions.

Ethereum Network: Lock mpDAO, unbound positions, withdraw mpDAOs.

NEAR Network: Represent multiple Ethereum accounts, vote, claim payments, lock mpDAO, unbound positions, withdraw mpDAO.

Account to Represent Selector: Choose to act with the NEAR account or any represented Ethereum accounts. Represented Ethereum accounts will end with .evmp.near, indicating mirrored accounts for voting on the NEAR network.

Voting payments must always be claimed from the NEAR representative account, ensuring seamless integration and participation across both networks. This robust system of delegation and representation sets a new standard in multichain governance, fostering a more inclusive and flexible ecosystem for all participants.

The Future of Multichain Governance

This delegation process is not just a technical necessity but a foundational element of our governance system. In this initial implementation it will close the gap between Ethereum and NEAR, allowing for a cohesive and unified governance structure. By enabling Ethereum users to delegate their voting power to a NEAR account, we are ensuring broader participation, greater flexibility, and enhanced resilience for our DAO.

The ability to manage assets and participate in governance across multiple chains without transferring assets creates a more robust and interconnected ecosystem. This approach democratizes access to governance and ensures our decision-making process remains decentralized and inclusive. We thank our community for their support and participation during this transition and invite everyone to join us in driving multichain governance and building a more resilient, decentralized future for Meta Pool and the broader blockchain ecosystem.

Stay updated with our latest developments by following our official X and Telegram accounts.