We present the transcription from the last AMA recorded by our co-founder Claudio Cossio for the Korean Meta Pool community. You will find some key questions, learnings and reflections from Meta Poolers:

1. What is the role of Meta pool in NEAR ecosystem, and what are the relationships or partnerships with other projects?

To help decentralize the network, by allowing NEAR to be staked in more validator nodes. We are also helping new validator nodes that are coming to the network have an opportunity to be exposed to NEAR being held by retail token holders

2. Could you explain more about why the decentralization and security of the network are increased if I use Metapool protocol?

When you stake on NEAR, we are distributing to 51 validator nodes that are outside the top 10 list. So we are allowing staked NEAR to flow evenly to more validator nodes, helping decentralize the network and making it more censorship resistant.

3. Using stNEAR to farm additional yield on other DeFi protocols is important. How will you expand the uses of stNEAR?

That is a key part of making the Meta Pool protocol successful. As we allow more use cases like borrowing with our partnership with Burrow Cash and also lending which is our upcoming launch with the stablecoin platform called OIN Finance — https://twitter.com/FinanceOin

Also, we are working on bridging the $META and stNEAR tokens to Aurora so more DEXs and AMMs using it can be exposed to it.

4. I have entered to the early stage of the Meta Pool and held $META tokens even now. I am curious about the listing plan of $META token.

The main use of the $META token is governance voting on the protocol. For now, we are working with the ASTRO DAO team to enable token voting through a User Interface on their DAO platform. It is available through the Command Line Interface (CLI) which is not user-friendly.

For the moment, we will be launching a Farm on REF Finance that will allow utility for the $META token, so holders can continue to accrue $META and REF rewards on that farm.

Listing will be done in a decentralized manner through our partners such as REF, Nearpad and Trisolaris next year. But right now, anyone holding $META can create a pool on Ref Finance.

5. Are there any plans or systems to maintain or increase the value of $META token?

Our goal is to increase the use cases for stNEAR and this by itself will drive the pricing of the $META token. So our goal is for all DApps in the NEAR Ecosystem to support stNEAR.

We are launching a program to support all projects that want to launch on any of the launchpads on the NEAR ecosystem such as Skyward, Nearpad, etc to use stNEAR as their main pair token.

Which is what we are doing right now in our IDO through Skyward —

We are allowing NEAR token holders to participate in the Meta Pool protocol by offering 28 million $META tokens on the Skyward launchpad platform 🙂

6. I think fees for unstaking immediately are somewhat high. Is there any plan for lower the fee?

This depends on the amount of liquidity of NEAR on the liquid swap pool, it is all market demand driven.

The fees get high when people liquid unstake high amounts of stNEAR. So that is how we make the protocol sustainable, we are looking into increasing the capacity of the swap pool and providing more incentives for LPs to participate in it.

7. As far as I know, a recent listing of $META has been posted on Skyward. I’d like to participate in the IDO, so can you tell me the details, such as the conditions of participation?

I got little bit head in the last question 😛

So one of the reasons we are allowing more NEAR community members to be exposed to the $META token is to increase the community footprint on the protocol.

Right now the founders, team and investors are under a 12/24 month lockup periods and 12/24 vesting periods; so we will not have a say into the protocol proposals until November 24th 2022.

This will allow an evenly distribution of $META to flow into the broader community.

If you are interested in participating in the Price Discovery event, please head on to Skyward and deposit your stNEAR.

If you want to learn how to participate in Meta Pool IDO on Skyward have a read here. We have also a specific channel on Discord #ido-skyward that you can join.

8. I think marketing is one of the most important things in crypto space. What are the approaches of Meta Pool team for marketing?

Right now our main goal is to build the different regional communities and we are investing in our Ambassadors Program. We believe that the best way to deliver our message is through power users.

Community is the most powerful marketing that any protocol can build.

We are partnering with organizations such as Coineasy to will allow us to understand specific regions such as Korea. Also talking to other partners to understand the Asia Pacific region, which is what we see has the biggest potential.

9. Are you planning to expand Meta Pool to other ecosystem? (Multichain).

Not at the moment, we are long on NEAR!

10. Operating the protocol generates revenue. I wonder how the Meta Pool team are planning to use the revenue?

Our focus is on building our community and ambassador programs, we raised a seed round that will allow us to keep the treasury intact and use those funds to support the community program, provide incentives for partners on AMMs and DEXs, also support projects who are using stNEAR in their DApps and platforms.

For more information on our Seed Round, please read this Medium post:

We care about our community and love to learn from all the questions, o if you want to be an active part of Meta Pool join our Discord and tell us more!

Remember, to be tuned, follow our Medium and @meta_pool on Twitter!

Keep on staking, we count on you!