Meta Pool DAO Approves Historic MPIP-20 Proposal: 100% Rewards in mpDAO to Boost Liquidity and Utility of Governance Token

mpDAO enthusiastically announced the approval of Meta Pool Improvement Proposal 20 (MPIP-20), which marks a change in the distribution of rewards from the buyback program

Meta Pool DAO (mpDAO), the decentralized autonomous organization behind the leading liquid staking solution on NEAR Protocol, is excited to announce the approval of Meta Pool Improvement Proposal 20 (MPIP-20). This decision, ratified by the community on October 20, marks a fundamental and strategic change in the distribution of rewards from the buyback program, with implementation scheduled for December 3.

The MPIP-20, titled "Simplify Buyback, Increase mpDAO Volume, Distribute Unlocked and Locked mpDAO," aims to consolidate the utility of the mpDAO governance token and optimize the experience for holders.

Under the previous system, the buyback program purchased a variable percentage of mpDAO and distributed the rewards between liquid stNEAR and locked mpDAO. The new proposal simplifies this process: the program will consistently use 100% of the rewards generated to purchase mpDAO from the market. It will then distribute 100% of these rewards to users entirely in mpDAO, divided into a liquid (unlocked) portion and a locked portion. It is crucial to note that the floor price mechanism for the mpDAO token remains active and unchanged.

This adjustment provides unprecedented flexibility to DAO members, who will now be able to claim liquid mpDAO instead of stNEAR. With this upgrade, users can:

• Negociar el mpDAO en decentralized exchanges (DEXs) como Rhea o Uniswap.

• Use mpDAO to farm additional rewards on Rhea.

• Lock your token to actively participate in governance and earn higher returns.

The Meta Pool DAO Leadership Team commented: "The approval of MPIP-20 is a testament to the power of our community governance. By focusing 100% of the rewards on mpDAO, we not only drastically simplify the claiming process, but also significantly increase the trading volume of the token. This translates into greater liquidity and utility, making participating in Meta Pool governance more rewarding and accessible for all our holders."

Meta Pool DAO invites the community to learn the full details of the proposal and its implications for the ecosystem, which will take effect on December 3.

The complete proposal is available for review on the official Meta Pool DAO governance portal. Review Proposal 20 (MPIP-20) here.