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.

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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.

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With the objective to make $NEAR staking more capital efficient, Claudio and Lucio co-founded Meta Pool. It is the leading liquid staking solution for NEAR and wNEAR tokens holders.

The cornerstone element of Meta Pool is a liquid asset, stNEAR. The tNEAR generates when you stake your $NEAR through Meta Pool. This is called “liquid staking”.

stNEAR is a yield-bearing asset, accruing in value every epoch (~12 hours) meaning that you keep earning staking rewards while you can use it in DeFi, for example as a collateral asset in liquidity protocols.

Meta Pool’s liquid staking solution provides you with the unique opportunity to participate both in staking and in DeFi activities without locking up your $NEAR into the native proof of stake systems.

As the DeFi ecosystem grows, demand for stNEAR is also increasing sharply. Meta Pool sees so many sophisticated and ambitious protocols incorporating stNEAR at the core of their offering as it solidifies its place as the best form of collateral.

Staking vs Liquid Staking + stNEAR

The main key difference Meta Pool staking gives from traditional staking is the number of validator nodes you are delegating your staked $NEAR.

If you decide to stake through the NEAR Web Wallet, you are staking with only 1 validator node that you choose in the validator list. Because of this, most of the $NEAR stake gets listed in the top ten nodes of the network. The concentration of $NEAR in one validator node is not the best outcome for a Layer 1 protocol that wants to improve its censorship resistance and security.

Liquid Staking

Whereas when you liquid stake with Meta Pool, your $NEAR tokens are distributed to 87 validator nodes. This helps decentralize the network and allows new nodes to come into the NEAR Protocol network. Get more exposure to retail $NEAR holders as well.
(PHOTO COURTESY OF META POOL)

With the stNEAR, you now have the unique opportunity to simultaneously get the staking yield of your $NEAR. Also, participate in DeFi protocols with stNEAR for additional yield.

After less than a year of existence Meta Pool has a TVL of ~9M $NEAR. It also become a cornerstone element of the NEAR ecosystem. Heavily contributing to its decentralization and to the $NEAR token liquidity.

As a result, stNEAR can be traded and farmed on multiple DeFi platforms such as Trisolaris, and WannaSwap, and can also be used as a collateral asset on lending and borrowing platforms such as Burrow, Bastion, and Aurigami to receive additional income.

How to Get stNEAR

To get stNEAR you have to liquid stake your $NEAR using the Meta Pool liquid staking platform. Or you can use swaps on DEXs (Ref Finance, Burrow, Bastion, Trisolaris, etc).

ABOUT Meta Pool

Meta Pool is the leading liquid staking solution for $NEAR and wNEAR token holders. Allows users to earn staking rewards and maintain their liquidity to participate in DeFi protocols on NEAR and Aurora.

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