Meta Pool, a well-established multi-chain liquid staking platform, is taking a major step forward by launching its liquid staking services on the Internet Computer Protocol (ICP). Along with this launch, Meta Pool introduces staked ICP (stICP), a new liquid 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. With a liquid staking token representing rewards generated from an auto-compounding digital savings account in the form of stICP, we want to explore the full capacity of the Internet Computer Protocol.
Lucio Tato, co-founder of Meta Pool
What Is stICP and How Does It Work?
The introduction of stICP aims to unlock the potential of ICP holders by allowing them to stake their tokens without locking them. By staking ICP tokens with Meta Pool, users receive stICP, which represents their staked assets and the rewards they earn. This token provides liquidity, enabling users to continue participating in DeFi activities, such as lending, borrowing, or trading, while still earning rewards from staking.
Additionally, Meta Pool leverages chain-key cryptography, a technology unique to ICP, ensuring secure interactions between the 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 various blockchains.
Why stICP Matters for Frontier Markets
Meta Pool’s launch of stICP has broader implications for financial inclusion, especially in underbanked regions such as Latin America, Africa, and Southeast Asia. These regions often face significant challenges with currency volatility and limited access to traditional financial services. By introducing stICP, Meta Pool offers users in these areas an alternative—a digital savings account that can hedge against inflation while providing access to decentralized financial tools.
This global outreach aligns with Meta Pool’s mission to expand DeFi adoption in frontier markets, regions where stable and accessible financial tools are urgently needed. By providing a liquid staking token that offers staking rewards without locking assets, Meta Pool opens up new opportunities for users in these underserved markets.
stICP and Governance: Vote to Earn
Meta Pool’s Vote to Earn program will further incentivize users holding stICP. Slated for integration in Q2 2025, this program is currently distributing around $100,000 per month in staking rewards to governance participants. Holders of stICP can engage in governance activities, such as voting on proposals related to staking distribution, 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 involvement. This combination of financial and governance rewards is expected to boost the overall engagement of ICP holders within the Meta Pool ecosystem.
A New Era of DeFi on the Internet Computer
Meta Pool’s decision to launch its liquid staking platform and stICP on the Internet Computer Protocol represents a significant milestone for both Meta Pool and the broader DeFi landscape. By providing a liquid staking option on ICP, Meta Pool enhances the flexibility of ICP holders, enabling them to engage in DeFi without the need to lock their assets.
Furthermore, Meta Pool’s integration into ICP opens up new opportunities for developers building lending and borrowing protocols on top of stICP. As the ICP ecosystem continues to grow, the presence of stICP is expected to drive more innovative decentralized applications that utilize liquid staking as a foundation.
For more information about Meta Pool’s liquid staking services, visit their official documentation. To learn more about the Internet Computer Protocol, visit the ICP website.
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