Cena Meta Pool (META)

Meta Pool, a blockchain infrastructure project, has launched the first native Liquid Staking token for the Aurora Protocol, called staked AURORA (stAUR). It is a self-accruing token that allows users to earn staking rewards for the Aurora Protocol. The token provides a more flexible and convenient way for Aurora token holders to stake their assets and generate rewards, increasing liquidity and capital efficiency in the Aurora ecosystem.

Staked AURORA (stAUR) is unique because it is the first native Liquid Staking token for the Aurora blockchain, offering a new way for Aurora token holders to participate in staking and earn rewards. It offers a more flexible and convenient alternative to traditional staking by allowing users to unlock their staked assets and rewards through the creation of a self-accruing token. Moreover, stAUR can be used for fast unstaking, which allows token holders to immediately access their staked assets and rewards with a fast unstaking fee.

The Aurora Protocol is a blockchain platform that aims to provide high scalability, interoperability, and low fees for decentralized applications (dApps). It is built on top of the NEAR Protocol, a scalable blockchain that uses sharding to enable high throughput and low latency. Aurora provides an EVM-compatible environment, allowing developers to use familiar Ethereum tooling to build decentralized applications on the Aurora network. In addition, Aurora offers a range of innovative features such as its Rainbow Bridge technology, which enables cross-chain asset transfers between Ethereum and Aurora. Overall, the Aurora Protocol aims to provide a user-friendly and developer-friendly platform for building decentralized applications that are scalable, interoperable, and cost-effective.

Meta Pool has been building on the NEAR protocol since 2021, and they have set out to deliver a solid Liquid Staking platform for Aurora. The team experimented while building the smart contracts for the Distributed Validator Technology (DTV) and discovered an opportunity to support Liquid Staking for the native Aurora token. After mapping out the project and attending the ETHDenver hackathon, the team won first prize for the Aurora bounties with their project Aurora Staking pool.

Meta Pool plans to expand its Liquid Staking platform to other EVM-compatible blockchains, including Ethereum, and launch Ethereum staking on their roadmap. They also plan to add more features to their Liquid Staking platform to enhance the staking experience for users and improve liquidity in the Aurora ecosystem.

The staked AURORA (stAUR) token can be used for fast unstaking, which allows token holders to immediately access their staked assets for a fee. It can also be used as collateral for loans or to participate in various decentralized finance (DeFi) applications on the Aurora blockchain. Additionally, stAUR can be traded on decentralized exchanges, allowing users to buy, sell, and exchange stAUR for other cryptocurrencies or assets.