What is Meta Pool DAO (mpDAO)?
mpDAO governs Meta Pool, the liquid staking provider that issues stNEAR on NEAR and has expanded to other networks. It replaced the earlier META token in April 2024 through the mpIP-3 proposal, which swapped locked META for locked mpDAO one for one, and it was also launched on Ethereum.
- Type
- Liquid staking governance token
- Launched
- 2024
- Consensus
- Runs on NEAR (also on Ethereum)
- Max supply
- 1 billion mpDAO
- Swap network
- NEAR
How Meta Pool DAO works
Holders lock mpDAO for 30 to 300 days to get voting power. A 30-day lock gives half a vote per token and a 300-day lock gives five. Those votes decide which validators receive the share of Meta Pool's NEAR stake that the DAO controls, and they are also used on governance proposals.
What mpDAO is used for
Stakers and validators lock the token to steer stake delegation and vote on protocol changes. Locked holders who vote also qualify for a monthly share of Meta Pool fees, paid in assets such as stNEAR or mpDAO.
mpDAO supply
Total supply is fixed at 1 billion tokens, the same cap and allocation as the old META token, which included community, founder, investor and team shares with multi-year vesting.
Before you swap mpDAO
Swaps here use the NEAR version (mpdao-token.near). There is also an ERC-20 on Ethereum, so check which network you are sending to. Tokens you receive are unlocked; you need to lock them in Meta Pool to vote.