Meta Pool, Liquid Staking platform is launching on the Internet Computer Protocol blockchain.
Mexico & Argentina – September 12th, 2024 – Meta Pool, a multi-chain liquid staking service is deploying a canister on the Internet Computer Protocol blockchain, with the goal of adding more utility for the ICP token to support Decentralized Finance platforms.
Meta Pool’s Liquid Staking platform currently supports several Proof of Stake blockchains such as Aurora, Ethereum, NEAR, Solana and Q Blockchain. And has now incorporated a liquid staking token to its platform called staked ICP (stICP), this token allows anyone to deposit their ICP tokens into the service and mint stICP which enable´s users to accrue the rewards from governance system from the Internet Computer Protocol blockchain, which is enabled by using chain-key cryptography.
Our goal is supporting the ICP ecosystem through DeFi protocols, in our case with a liquid staking token representing the rewards generated by an auto compounding digital savings account in the form of stICP. We want to explore the full capacity of the Internet Computer Protocol.
Lucio Tato, Meta Pool Co-founder
Meta Pool’s mission is to get early exposure of the liquid staking service to the ICP ecosystem in Frontier Markets, which are regions such as Africa, Latin America and South East Asia. With a focus on a global outreach, Meta Pool which operates under a Decentralized Autonomous Organization (DAO) structure understands the importance of exposing Decentralized Finance (DeFi) to a broader audience for massive crypto adoption, Frontier Market regions have the urgent need for basic financial tools. The staked ICP (stICP) token represents a tool that will allow anyone to hedge against inflation in regions where their local currencies face volatility and economic uncertainty.
We are really excited to support protocols that will enhance the DeFi ecosystem on the Internet Computer Protocol. We understand that these tools enable adoption and also support the development of the ecosystem. As more builders get to use them, to build on top of the LST such as lending and borrowing protocols.
Bruno Calabretta, ICP Hub Indonesia Co-founder
Meta Pool’s new LST – Liquid Staking Token – stICP allows users to earn staking rewards without locking assets or maintaining staking infrastructure. ICP users can stake tokens and receive tradable liquid tokens in return that will allow for more exposure into DeFi protocols being built on top of the Internet Computer Protocol blockchain.
The stICP fees being accrued by the protocol will be integrated into the Vote to Earn platform of the Meta Pool DAO, being integrated in Q2, 2025. This program is distributing around $100,000 USD in monthly staking rewards to governance participants which should increase with the deployment of stICP canister into the Meta Pool DAO governance platform.
About Internet Computer Protocol
The Internet Computer enables building anything without traditional IT and Big Tech. It hosts decentralized serverless compute that’s simpler, immune to cyber attack, unstoppable, and controllable by DAOs. Create web3 social networks and media, socialfi, games, multi-chain dapps, AI, or an enterprise app.
More information: https://internetcomputer.org/
About Meta Pool
Founded in Latin America, Meta Pool is a multi-chain Liquid Staking solution on Aurora, Ethereum, Internet Computer Protocol, NEAR, Q and Solana. With a total value locked (TVL) around 88.3 million USD in value. It has the support from leading crypto funds such as Dragonfly, IOSG Ventures, Lyrik Ventures, Aquarius Capital, Big Brain Holdings, DARMA Capital, Curiosity Capital, Sky Vision Capital, D1 Ventures, and angels. For more information visit:
