OIN Finance and Meta Pool Partnership
Meta Pool will be leveraging the OIN Finance decentralized autonomous organization, OINDAO, and together grow the NEAR ecosystem. A key component for DeFi platforms are stablecoins, whether people are using Defi platforms to leverage or to access liquidity, there is strong demand for stablecoins as they are the prime asset people use in lending and for providing liquidity.
Meta Pool partnership with OIN Finance enable $stNEAR token holders to leverage the digital asset as collateral to receive a stablecoin and participate in any NEAR platform not just DeFi; for example they could buy NFTs in Paras and Mintbase or support creatives with their tokens.
On OIN Finance V3, stNEAR token holders will be able to collateralize their digital asset and receive stUSD from the platform. Which can then be used to provide liquidity to pools on Automated Market Makers such as Reef Finance.
ABOUT Meta Pool
Meta Pool is the first liquid staking solution for Near Protocol token holders. Meta Pool allows NEAR token holders to stake and earn rewards, providing an easy way to unstake with no lockup.
ABOUT OINDAO
OINDAO is a decentralized multi-chain stablecoin issuance protocol, enabling community members of other public blockchains to stake their own native tokens as collateral to mint USD-pegged stablecoins.
RESOURCES
Medium
