Finoa Partnership With Meta Pool
Finoa Partnership With Meta Pool
Finoa partnership with Meta Pool, the leading liquid staking solution built on NEAR, is now live. The integration set to allow investors to earn rewards on their staked $NEAR tokens while keeping their investments liquid so that they can further engage in other DeFi activities.
Meta Pool is a liquid staking protocol supporting $NEAR and wNEAR token holders. With a total value locked of more than 8 million $NEAR. It was created to overcome the problems associated with Proof-of-Stake on NEAR, namely illiquidity, & accessibility. After the mainnet launch in August 2021, Meta Pool has emerged as one of the key protocols driving liquidity and decentralization in the NEAR ecosystem.
Following the partnership, Finoa customers holding $NEAR and wNEAR tokens can stake with Meta Pool and receive stNEAR.
NEAR’s first liquid staking derivative, stNEAR is a NEP-141 yield-bearing asset that allows holders to accrue staking rewards and participate in DeFi activities like lending and borrowing.
This integration is further proof of Finoa’s commitment to promoting decentralization in the NEAR network while providing the regulatory compliance and capital efficiency sought by institutions and high-net-worth individuals.
Why Meta Pool?
The NEAR DeFi landscape has been steadily expanding for the last couple of years. However, the inability to generate returns on staked $NEAR has posed a challenge to the widespread adoption of NEAR staking. Meta Pool resolves this shortcoming by letting investors not only stake their tokens to earn rewards but also get additional returns from on-chain activities.
About Metapool
Launched in August 2021. Meta Pool was founded by Lucio Tato and Claudio Cossio, vision of making staking solutions more accessible & user-friendly. It aims to solve the challenges associated with staking $NEAR & distribute the Proof-of-Stake infrastructure in multiple validators.
About Finoa
Finoa, Europe’s leading crypto-asset platform designed to fulfill the needs of institutional investors. The company serves high-profile investors throughout the world, including renowned venture capital firms, corporates, crypto hedge funds, and high-net-worth individuals.
