Meta Pool Near

Meta Pool Near receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — well-audited NEAR liquid staking protocol with established DeFi integrations, but constrained by NEAR ecosystem depth and potential governance concentration from early participant multipliers Meta Pool is one of the two major liquid staking protocols on NEAR, allowing users to stake NEAR tokens and receive stNEAR, a liquid token that earns staking rewards every 12 hours. stNEAR can be used as collateral in NEAR DeFi protocols like Burrow and Bastion for additional yield. With approximately $29M staked, Meta Pool has been audited by BlockSec and Halborn with no high-risk issues found. The protocol's META governance token uses revenue-funded buybacks for value accrual, and mpDAO governance lets holders vote on validator selection and protocol parameters. While well-established in the NEAR ecosystem since 2022, its utility remains constrained by NEAR's relatively small DeFi ecosystem.

The key risks identified for Meta Pool Near are: (1) stNEAR's usefulness depends on the NEAR DeFi ecosystem, which is much smaller than Ethereum's. If NEAR ecosystem activity declines, stNEAR loses its utility advantage over regular NEAR staking. (2) Early participants received up to 50x META token multipliers, which may have concentrated governance power in a small group of early adopters who can direct protocol decisions. (3) stNEAR is used as collateral across multiple NEAR lending protocols. If any of those protocols is exploited, it could trigger cascading liquidations affecting all stNEAR holders.

Meta Pool Near scores 34/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 3/10, Documentation Gaps: 3/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 83 rated Liquid Staking protocols on Hindenrank, Meta Pool Near ranks #56 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it in the middle tier of Liquid Staking protocols.

Meta Pool Near scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.