Meta Pool, a multi-chain liquid staking service, is deploying a van on the Internet Computer Protocol blockchain, aiming to add 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. It has now incorporated a liquid staking token into its platform, called staked ICP (stICP). This token allows anyone to deposit their ICP tokens into the service and create stICP, allowing users to collect the rewards of the Internet Computer Protocol governance system. blockchain, which is made possible by using chain-key cryptography.
Lucio Tato, co-founder of Meta Pool, commented: “Our goal is to support the ICP ecosystem through DeFi protocols, in our case with a liquid staking token that represents the rewards generated by an automatically constructed digital savings account in the form of stICP. We want to explore the full capabilities of the Internet Computer Protocol.”
Meta Pool’s mission is to provide early exposure of the liquid staking service to the ICP ecosystem in Frontier Markets, which are regions such as Africa, Latin America and Southeast Asia. With a focus on a global reach, Meta Pool, which operates under a decentralized autonomous organization (DAO) structure, understands the importance of exposing decentralized finance (DeFi) to a broader audience for mass cryptocurrency adoption. Border market regions are in urgent need of basic financial resources. The staked ICP (stICP) token represents a tool that allows anyone to hedge against inflation in regions where their local currency faces volatility and economic uncertainty.
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, creating greater awareness of DeFi protocols built on top of the Internet Computer Protocol blockchain.
The stICP fees generated by the protocol will be integrated into the Meta Pool DAO’s Vote to Earn platform, which will be integrated in the second quarter of 2025. This program distributes approximately $100,000 USD in monthly staking rewards to board participants, which should increase with the implementation of stICP bus in the Meta Pool DAO governance platform.
