Meta Pool in ETH Denver
We arrived to ETHDenver with a lot of curiosity on how the Ethereum community from Denver hosts one of the longest running events in the crypto industry.
TL;DR, the fomo is real ;)
This is a must attend event, for many of us that are building on alternative layer one protocols. It is an opportunity to learn and expand on the knowledge from the largest developer community around decentralized protocols.
It has been a very “warm” reception from the ETH ecosystem and we are glad that we made the commitment to come visit the Mile High city.
One thing of coming to ETHDenver is to discuss what the team is building, so with that we are now disclosing a first version of our roadmap.
More products using Liquid Staking
So there are three products we presented to the NEAR Lounge attendees today. If you want to look at the slides and video presentation, please go here.
- Meta Yield — liquid staking for projects to raise NEAR
- Meta Recipes — migrating wNEAR to stNEAR farms or any NEP-141 token
- Support farming nodes — enable staking and claiming rewards for Aurora node
The team has been busy working on delivering these products in the next 8 weeks and also working on having those contracts audited by Blocksec.
Hitting the ground running is essential, we understand that this cannot compromise on the security of what we launch on mainnet. So we will be diligent in our release process and audit review, we have created the right partnership that can allow us to deliver with security in mind.
If you want a sneak peek into how Meta Recipes will be helping migrate the wNEAR<>OCT farms over to stNEAR<>OCT in Ref Finance, so now users can increase their APY with just a few clicks.
Fundraising by staking NEAR
After our IDO on Skyward we noticed some opportunities for projects to leverage liquid staking as a mechanism to raise funds without being exposed to market conditions or competing against other projects.
Our second product that we will be launching is Meta Yield, which is using our liquid staking platform to support projects launching on native NEAR and Aurora.
What we want to achieve is allow projects to raise the necessary NEAR in order for them to build/launch. Have the backing from the NEAR community by delegating the NEAR staking rewards to the project.
For projects this allows them to secure the necessary funding and distribute their NFT/tokens in a sustainable way. This is done by implementing a linear daily release and lock up mechanism for the rewards being distributed to their supporters.
More to come from us on how Meta Yield will help projects raise NEAR in order to launch on mainnet and for supporters to risk their asset allocation to projects.
It has been a BUIDLr Week!
Keep on Staking!
