The Meter Ecosystem Tutorials: LIQUID STAKING
Meter Community,
We are excited to roll out our much awaited Liquid Staking today on Meter Network.
TLDR — Liquid Staking on Meter
You can read more detailed blog on design of Liquid Staking here.
In this tutorial, we will walk through a step-by-step process to leverage liquid staking on Meter Network
Step 1: MTRG to participate in Liquid Staking
Depending on the source of available funds, users can use guidance from below table to make the MTRG available on Meter Network to participate in Liquid Staking.
For Delegators currently staking on Meter Network, the process is below:
VALIDATORS: If Node bucket has 2000 MTRG, validators cannot use any of these MTRG into liquid Staking. If the node bucket has >2000 MTRG, validators can do partial unbound of the additional MTRG to put into liquid staking
DELEGATORS: Users currently delegating on Meter Network will have to unbound the MTRG and put into liquid Staking post unbound period of 7 days.
Useful Links
Centralized Exchanges: KuCoin MTRG/USDT, Gate.io MTRG/USDT, Bridges: Meter Passport: Bridge + Tutorial, Getting MTR for Gas: Gasless Swap- Meter Web Wallet, Unbound MTRG: Staking Web UI + Tutorial, Decentralized Exchanges: BSC — Pancakeswap, Ethereum — Uniswap, Meter — Voltswap Finance, Onboarding on to Meter Network: Medium Blog
Step 2: Deposit MTRG in Liquid Staking
Users can get stMTRG by depositing MTRG in the Staking Module.
Alternatively, users can also get stMTRG on Meter Network by swapping for other tokens on DEXes (Voltswap Finance and more)
Step 3: Participate in DeFI with stMTRG
If the application supports Rebase token — stMTRG, users can directly participate in DeFI with stMTRG (Voltswap Finance supports Rebasing)
Disclaimer: Adding TVL with stMTRG opens the potential for rebasing stMTRG while maintaining proportion of other token (e.g. MTRG) same.
Users can use wrapped stMTRG (wstMTRG) if the DEFI application they are interested to participate in does not support Rebase token stMTRG
Step 4: Exiting stMTRG Position
Users can exit the stMTRG position through the Staking Module with a 7 day unbound period.
Alternatively, users can also exit stMTRG position through DeFI applications.
NOTE: Keep an eye on the slippage while exiting through DeFI applications
About Meter.io
Meter is a layer 1 blockchain with Freedom and Fairness as the first principle. It is highly decentralized, censorship resistant yet blazing fast and MEV resistant. Its native metastable gas token completes Satoshi’s vision of a sound money independent of the fiat system.
Meter Ecosystem
Explorer: Meter Scan | Bridge: Meter Passport, LayerZero | DEFI: Voltswap , Jioswap, Chee Finance, Sumer Money, Minimax Finance, GemPad, Optical Finance, iZUMi Finance | P2E: Business Builders, TreasureBlox, CryptoBlades, Zomland, DragonMaster, CryptoPolis | NFT Collections: MTRG SQUAD, Meter Punks, Meter Mallows, NFTBattles, Universal NFT, Angry Apes | NFT Marketplace: NFTing, Voltswap, TofuNFT, Meter Town | Domains: MTRG Domains, WEB3 Names | Miscellaneous: Golucky.io, Meter Miner, Daily Coin Crypto, LlamaPay, Blockraising | Infrastructure/ Tooling: Meter Multisig, Defillama, POKT, Sourcify, C14 (Fiat on-ramp), NFTs2me, Mises Browser | Oracles: Witnet, Band Protocol, Pyth
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