- Meta Pool’s trajectory is shaped through community-driven governance via #mpDAO.
- #mpDAO has approved a 3-day window for users to transfer $META.
- Ref users can withdraw their tokens and lock them in the mpDAO Governance.
In October 2023, #mpDAO voted on Meta Pool Improvement Proposal #3 (MPIP-3), which deprecates $META and approves $mpDAO. This involves disabling the transfer function for the $META token starting November 15th, 2023.
Before this date, all $META holders had the opportunity to lock their tokens into the mpDAO governance to qualify for redemption in the new governance token $mpDAO in H1-2024. Those who did not choose this option could request an OTC review in H2-204.
Despite an extensive marketing campaign for MPIP-3, it is foreseeable that not all $META holders may have been informed. In a unanimous decision, Ref Finance and the Meta Pool core team agreed to extend the period for transferring $META as a community initiative.
Therefore, MPIP-6 has been approved, allowing a 3-day window for users to transfer $META and for ref users to remove their liquidity. This presents a valuable opportunity for $META holders who had liquidity on Ref Finance to engage and participate in #mpDAO governance.
During window period, users can go directly to the Meta Pool site, “My Votes” section and lock their $META for receiving votes inside of #mpDAO governance.
#mpDAO governance distributes 50% of the fees generated by Meta Pool in NEAR Protocol to voters every month, while the remaining 50% contributes to the mpDAO Grants Program.
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