Launching 3 new farms with WannaSwap
WannaSwap joins the stNEAR Pool Party with the introduction of three new stNEAR based farms.
tl;dr
- WannaSwap is launching three new pools: wNEAR <> stNEAR, WANNAx <> stNEAR, META <> stNEAR
- Earn Dual Rewards on $WANNA and $META
- Obtain stNEAR by depositing NEAR directly on Metapool.app and sending stNEAR over the Rainbow Bridge
Overview
As we posted a few weeks back, we are thrilled that Meta Pool assets are expanding into Aurora! Our goal is for Aurora users to benefit from our liquid token stNEAR, so they can engage with lending and liquidity provision for farms in Decentralized Exchanges (DEXs) and Automated Market Maker (AMM) platforms built on top of Aurora network.
WannaSwap joins the party — stNEAR based Pools
One of the benefits of a decentralized network is that capital flow and yield opportunities are open to anyone that wants to participate in them, we want to give stNEAR token holders a broad spectrum of choices on Aurora, that is why Meta Pool has partnered with WANNASwap to launch three stNEAR pools on Aurora on March 11th!
As all Meta Poolers know, stNEAR allows NEAR holders to earn staking rewards while participating in DeFi, so let’s have a look at the 3 different farms:
- wNEAR<>stNEAR
- WANNAx <> stNEAR
- META<>stNEAR
Benefits of Using stNEAR on a Liquidity Pool
The value proposition of using stNEAR over traditional wNEAR in Liquidity Pools is quite simple: increase the number of revenue streams for LPs to three:
- Swap Fees: a small percentage of each trade.
- Farming Rewards: incentives provided by the protocol (i.e. REF) to attract capital.
- Staking Rewards: currently sitting at approx. 10.5%
The use of stNEAR, a yield bearing asset, will be particularly beneficial for low volume pools or pools that do not have any farming incentives.
$META Rewards
As part of our new strategy to distribute $META rewards through our partners, all users providing liquidity to the stNEAR pools will earn double rewards in both $WANNA and $META! Meta Pooler, you can take advantage of this opportunity and be ready to participate in our future DAO!
How to obtain stNEAR?
From NEAR:
- Deposit NEAR into Metapool.app, receive stNEAR; or
- Swap NEAR for stNEAR on REF Finance
- Send stNEAR over the Rainbow Bridge from NEAR
From Aurora:
- Swap wNEAR for stNEAR on WANNASwap or Trisolaris
- Deposit NEAR into Meta Pool & receive stNEAR (SOON)
Meta Pool team will continue to broaden its network of partners in Aurora to increase the uses of stNEAR. More importantly is that in the next few weeks we will launch liquid staking for wNEAR assets through the EVM Rainbow Bridge, so users can get stNEAR directly from Aurora with just a few clicks.
These pools plan to go live on March 11th. We will share exact details on both our Discord/Twitter/Telegram, stay tuned!
