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Staking & Yield Boost
At MetaDAO, we want to incentivise protocol users to participate in activities which grow the protocol. As such, we have devised several mechanisms in which protocol participants are rewards for their minting and staking activities.
Users can deposit GLP tokens to mint mUSD tokens. Minters of mUSD earns esMETA rewards in proportion to their minted mUSD value. At genesis, 70% of esMETA rewards are reserved for mUSD minters. esMETA rewards further accrue Protocol Revenue to boost yield.
Stake META/ETH LP Tokens
Stake mUSD/2Pool LP Tokens
Users can provide liquidity to mUSD/2Pool pool on Curve Finance and stake their LP tokens to earn LP fees along with esMETA rewards. At genesis, 15% of esMETA rewards are reserved for mUSD/2Pool LP stakers. esMETA rewards further accrue Protocol Revenue.
ETH/META or mUSD/2Pool LP holders receive a varied percentage of yield boost depending on their lock-up length. The longer the lock-up length, higher the boost percentage.
Users will be able to withdraw their boosted esMETA rewards and staked LP tokens after the lock-up period ends. In case there is no boost applied, LP tokens can be redeemed anytime whenever user wants.