Meta Pool, a multi-chain liquid staking service is deploying a canister on the Web Laptop Protocol blockchain, with the purpose of including extra utility for the ICP token to help Decentralized Finance platforms.
Meta Pool’s Liquid Staking platform presently helps a number of Proof-of-Stake blockchains reminiscent of Aurora, Ethereum, NEAR, Solana and Q Blockchain. It has now integrated a liquid staking token to its platform referred to as staked ICP (stICP) — this token permits anybody to deposit their ICP tokens into the service and mint stICP which allow´s customers to accrue the rewards from governance system from the Web Laptop Protocol blockchain, which is enabled through the use of chain-key cryptography.
Lucio Tato, Meta Pool Co-founder, commented: “Our purpose is supporting the ICP ecosystem by way of DeFi protocols, in our case with a liquid staking token representing the rewards generated by an auto compounding digital financial savings account within the type of stICP. We wish to discover the complete capability of the Web Laptop Protocol .”
Meta Pool’s mission is to get early publicity of the liquid staking service to the ICP ecosystem in Frontier Markets, that are areas reminiscent of Africa, Latin America and South East Asia. With a give attention to a worldwide outreach, Meta Pool which operates underneath a Decentralized Autonomous Group (DAO) construction understands the significance of exposing Decentralized Finance (DeFi) to a broader viewers for large crypto adoption, Frontier Market areas have the pressing want for primary monetary instruments. The staked ICP (stICP) token represents a device that can enable anybody to hedge towards inflation in areas the place their native currencies face volatility and financial uncertainty.
Meta Pool’s new LST — Liquid Staking Token — stICP permits customers to earn staking rewards with out locking belongings or sustaining staking infrastructure. ICP customers can stake tokens and obtain tradable liquid tokens in return that can enable for extra publicity into DeFi protocols being constructed on prime of the Web Laptop Protocol blockchain.
The stICP charges being accrued by the protocol will probably be built-in into the Vote to Earn platform of the Meta Pool DAO, being built-in in Q2, 2025. This program is distributing round $100,000 USD in month-to-month staking rewards to governance individuals which ought to improve with the deployment of stICP canister into the Meta Pool DAO governance platform.
