Meta Pool Joins Event Organized by NEAR Foundation

Key Takeaways:

• Meta Pool is joining the hackathon organized by the NEAR Foundation, aiming to attract developers to integrate their SDK.

• The top three projects will win $1000, $750, and $250, offering both financial rewards and community recognition.

• Meta Pool seeks functional solutions that add value to the NEAR ecosystem, with a submission deadline of October 25th.

The hackathon organized by the NEAR Foundation aims to attract developers and tech enthusiasts to present innovative solutions that integrate Meta Pool’s SDK.

The hackathon, known for its focus on practical and functional projects, offers a unique opportunity for participants to showcase their skills and contribute to the growth of the NEAR ecosystem. 

Meta Pool has launched a special challenge within the event, inviting developers to create solutions that push the ecosystem forward.

To motivate participants, Meta Pool has established an attractive prize structure:

• First place: $1000
• Second place: $750
• Third place: $250

These prizes not only represent a financial incentive but also significant recognition within the NEAR community. The winning projects will have the opportunity to be highlighted and receive additional support for their development and scalability.

Meta Pool has made it clear that they are not just looking for ideas, but real, functional solutions.

The purpose of the liquid staking API is to enable any project interested in integrating a "Liquid Stake $NEAR" button in their interface to easily and rapidly do it.

Source on Github:

https://github.com/Narwallets/liquid-staking-sdk

People stake their NEAR tokens with MetaPool and receive a liquid "stNEAR" token representing their staked NEAR. stNEAR is a yield accruing token, and its price versus NEAR increases every epoch (every 15hs, approx. 10% APY). Users can use their stNEAR in DeFi to get extra yield, and they also can unstake and recover their original NEAR any time (the protocol is permissionless and non-custodial)

Deadline:

The deadline for project submissions is October 25th, and interested parties can register and find more information through the official event website.

With this initiative, Meta Pool reaffirms its commitment to innovation and development within the NEAR ecosystem, encouraging developers to showcase their talent and creativity in a competitive and collaborative environment.

Meta Pool is a decentralized staking platform built on the NEAR Protocol, designed to make staking more accessible and efficient for users. It allows NEAR token holders to stake their tokens and earn rewards while maintaining liquidity.