Meta Pool, a well-established multi-chain liquidity staking platform, has taken a major step forward by launching its liquidity staking service on the Internet Computer Protocol (ICP). With this launch, Meta Pool introduced Staked ICP (stICP), a new liquidity staking token that allows users to stake their ICP tokens while maintaining liquidity to participate in DeFi activities.
“Our goal is to support the ICP ecosystem through DeFi protocols, and we want to explore the full capacity of the Internet Computer Protocol with liquid staking tokens representing rewards generated from automatically compounding digital savings accounts in the form of stICP.” - Lucio Tato, Co-founder of Meta Pool
What is stICP and how does it work?
The launch of stICP aims to unlock the potential of ICP holders by allowing them to stake tokens without locking them. By staking ICP tokens in Meta Pool, users can obtain stICP, which represents the assets they stake and the rewards they receive. This token provides liquidity, enabling users to continue to participate in DeFi activities such as lending or trading while still earning rewards through staking.
In addition, Meta Pool utilizes ICP's unique chain key encryption technology to ensure secure interaction between staked tokens and the blockchain without exposing sensitive data. This approach provides users with a seamless and secure staking experience while also enhancing the scalability of Meta Pool's operations across different blockchains.
Why is stICP so important for frontier markets?
Meta Pool’s launch of stICP has broader implications for financial inclusion, particularly in underbanked regions such as Latin America, Africa, and Southeast Asia, which often face significant challenges with currency volatility and limited access to traditional financial services. By launching stICP, Meta Pool offers users in these regions an alternative - a digital savings account that can hedge against inflation while providing decentralized financial tools.
This global expansion is in line with Meta Pool’s mission to expand DeFi adoption in frontier markets – regions that are in dire need of stable and accessible financial tools. By providing liquid staking tokens that provide staking rewards without locking up assets, Meta Pool opens up new opportunities for users in these underserved markets.
stICP and Governance: Earn Money by Voting
Users holding stICP will be further incentivized by Meta Pool’s Vote to Earn program, which is scheduled to be integrated in Q2 2025 and currently distributes approximately $100,000 in staking rewards to governance participants each month. stICP holders can participate in governance activities such as voting on proposals related to staking allocation, validator selection, and protocol improvements.
By incorporating stICP into its governance model, Meta Pool ensures that staking participants can actively shape the future of the platform while being rewarded for their participation. This combination of financial and governance rewards is expected to increase the overall participation of ICP holders in the Meta Pool ecosystem.
Internet Computer DeFi New Era
Meta Pool’s decision to launch its liquidity staking platform and stICP on the Internet Computer Protocol is a significant milestone for both Meta Pool and the broader DeFi space. By offering a liquidity staking option on ICP, Meta Pool enhances the flexibility of ICP holders, allowing them to participate in DeFi without locking up their assets.
In addition, the integration of Meta Pool and ICP opens up new opportunities for developers to build lending protocols on top of stICP. As the ICP ecosystem continues to develop, the existence of stICP is expected to promote more innovative decentralized applications based on liquidity staking.
For more information about Meta Pool’s liquidity staking service, please visit its official documentation:
docs.metapool.app/master
To learn more about Internet Computer Protocol, visit the ICP website:
internetcomputer.org
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