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Summary
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Project:
Meta Pool, a blockchain infrastructure project -
Launch:
First native Liquid Staking token for Aurora Protocol, staked AURORA (stAUR) -
stAUR features:**- Self-accruing token
- Flexible and convenient way to stake assets and generate rewards
- Fast unstaking with a fee
- Can be used as collateral for loans or in DeFi applications
- Tradeable on decentralized exchanges
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Aurora Protocol:**- Blockchain
Introducing Meta Pool: A Revolutionary DeFi Ecosystem
Meta Pool, a pioneering blockchain infrastructure project, has unveiled the inaugural native Liquid Staking token for the Aurora Protocol, dubbed staked AURORA (stAUR). This innovative, self-accruing token empowers users to reap staking rewards within the Aurora Protocol ecosystem. By providing a more agile and convenient means for Aurora token holders to stake their assets, stAUR fosters enhanced liquidity and capital efficiency within the Aurora ecosystem, thereby amplifying rewards.
Staked AURORA (stAUR) pioneers a novel approach as the inaugural native Liquid Staking token for the Aurora blockchain, presenting a fresh avenue for Aurora token holders to engage in staking and reap rewards. By introducing a more agile and convenient alternative to traditional staking, stAUR enables users to unlock their staked assets and rewards through the creation of a self-accruing token. Furthermore, stAUR facilitates expedited unstaking, allowing token holders to instantly access their staked assets and rewards with a nominal fast unstaking fee.
The Aurora Protocol is a cutting-edge blockchain platform designed to deliver exceptional scalability, seamless interoperability, and minimal fees for decentralized applications (dApps). Built atop the NEAR Protocol, a scalable blockchain that leverages sharding to achieve high throughput and low latency, Aurora provides an EVM-compatible environment, empowering developers to harness familiar Ethereum tooling to craft decentralized applications on the Aurora network. Furthermore, Aurora boasts a range of innovative features, including its pioneering Rainbow Bridge technology, which facilitates cross-chain asset transfers between Ethereum and Aurora. Ultimately, the Aurora Protocol strives to provide a user-centric and developer-friendly platform for building decentralized applications that are scalable, interoperable, and cost-effective.
Since 2021, Meta Pool has been diligently constructing its foundation on the NEAR protocol, driven by a singular focus on delivering a robust Liquid Staking platform tailored to the Aurora ecosystem. Through their innovative endeavors, the team successfully experimented with the development of smart contracts for the Distributed Validator Technology (DTV), uncovering a latent opportunity to extend support for Liquid Staking to the native Aurora token. Following a meticulous project mapping process and a triumphant appearance at the ETHDenver hackathon, the team emerged victorious, claiming the top prize for their pioneering project, Aurora Staking pool, in the Aurora bounties.
Meta Pool is poised to extend its Liquid Staking platform to encompass other EVM-compatible blockchains, notably Ethereum, as outlined in its roadmap, which includes the introduction of Ethereum staking. Furthermore, the platform aims to integrate additional features, thereby elevating the staking experience for users and bolstering liquidity within the Aurora ecosystem.
The staked AURORA (stAUR) token offers a unique utility, enabling holders to expedite the unstaking process, thereby granting immediate access to their staked assets in exchange for a fee. Furthermore, stAUR can serve as collateral for loans or be utilized in various decentralized finance (DeFi) applications within the Aurora blockchain ecosystem. Moreover, stAUR is tradable on decentralized exchanges, facilitating the buying, selling, and exchange of stAUR for other cryptocurrencies or assets.