As Meta Pool just landed on Aurora realm a few days ago, they are one step closer to their mission to liberate the NEAR token and make the whole NEAR ecosystem more capital efficient. BlueBit will help to further expanding the use cases of stNEAR while making it more profitable for holders.

First step: upgraded stNEAR-wNEAR farming with BlueBit

They will integrate their partner Trisolaris stNEAR-wNEAR LP into BlueBit vaults, and reward addtional BBT on top of it, you can expect this to take place within the week. So here is the deal:

Instead of dual reward (e.x. TRI +META), you will get triplex reward (e.x. TRI + META +BBT) with BlueBit;

You LP will be compounded, for a higher long-term yield, in a more convenient way, set and forget;

You can use BlueBit crv voting escrow model to furthur boost the BBT rewards to up to 2.5X;

the Highest APY% for stNEAR-wNEAR farming within the ecosystem, here at BlueBit.

In future

They will work closely with Meta Pool and top lending protocols to develop single-sided strategy vault for stNEAR — the most convenient and profitable way staking stNEAR.

About Meta Pool

Meta Pool‘s mission is to liberate the more than 350 million NEAR tokens that are currently locked on validator nodes and also help make NEAR Protocol more capital efficient, now that Aurora users can stake their wNEAR it will allow more than $100 million USD in tokens to flow back to NEAR validator nodes, making the protocol more valuable and secure.

About BlueBit Finance

BlueBit Finance is a yield aggregation protocol deployed on Aurora. The protocol allows users to earn more yield from DeFi farming in a more secure, accessible, and efficient manner.

SOURCE:

MEDIUM

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