Trisolaris partners up with Metapool to enable stNEAR and xTRI farms!
We’re excited to share that we’ve partnered with the Metapool team to enable new farms for stNEAR and xTRI on Trisolaris! This is the first farm that enables liquidity mining for xTRI — enabling double dip yields!
Farms and LP Pairs:
- stNEAR <> xTRI (LP address: 0x5913f644A10d98c79F2e0b609988640187256373)
- NEAR <> stNEAR (LP Address: 0x47924Ae4968832984F4091EEC537dfF5c38948a4)
- TRI <> stNEAR will be launched in ~2 weeks later
These pools will be incentivized by both $TRI and $META tokens! The overall emission of TRI remains the same, hence the farming rewards for the TRI-AURORA farm will be lowered and redistributed to these new pools.
3% of all TRI emissions will be distributed to these pools, along with 200K $META for a period of 30 days!
$META address:
- On Near: meta-token.near
- On Aurora: 0xc21ff01229e982d7c8b8691163b0a3cb8f357453
$stNEAR address:
- On Near: meta-pool.near
- On Aurora: 0x07f9f7f963c5cd2bbffd30ccfb964be114332e30
If you don’t see the tokens on the Aurora token list, just paste the above token addresses and they should come up.
You can head over to Trisolaris and stake your LP tokens in the farm page starting now. Rewards for these pairs will turn on at approximately 9 pm UTC on Feb 12th, 2022. We will announce on our discord/telegram/twitter once rewards are live!
FAQ
Q: What is stNEAR and how does it work?
A: stNEAR means staked-NEAR, representing your share of the MetaPool stake. After staking, you can use your stNEAR in other markets while still earning rewards. After each epoch, the stNEAR price will increase as staking-rewards are added to the pool. stNEAR price will always increase as long as there are staking rewards.
Q: What is xTRI and how does it work?
A: xTRI is the main staking mechanism on the Trisolaris Protocol. When you stake your TRI, you effectively exchange your TRI for xTRI. Over time, you’ll always earn more TRI by holding xTRI tokens.
This is because every swap on Trisolaris, a 0.05% fee is charged and sent to the xTRI pool. This fee is used to buy back TRI tokens periodically (currently, buy-backs happen every 1 days). So when you exchange your xTRI for TRI, you’ll get more TRI than what you started with.
Q: How to obtain stNEAR?
A:From NEAR:
- Deposit NEAR into Metapool.app, receive stNEAR
- Swap NEAR for stNEAR on REF Finance
- Send stNEAR over the Rainbow Bridge from NEAR
From Aurora:
- Swap NEAR for stNEAR on Trisolaris
- Deposit NEAR into Metapool, receive stNEAR
Q: How to obtain xTRI?
A: Stake $TRI at the Trisolaris Stake section! Tutorials can be found here.
Q: How do I farm with these new pairs?
First you will need stNEAR and xTRI/ wNEAR with 50/50 in value, then you go to Pool to add liquidity, after that go to Farm to deposit your LP tokens! Detailed instructions can be found here.
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About Metapool
A liquid staking platform built on Near, Meta Pool allows NEAR token holders to stake and earn rewards, providing an easy way to unstake with no lockup.
Website | Discord | Twitter | Medium | Github
About Trisolaris
TriSolaris is a community-owned decentralized exchange (DEX) with fast-settlement, low fees, and a democratic governance process. Built on NEAR’s Aurora EVM, TriSolaris is building the one-stop-shop for DeFi on NEAR!
