May 2024 - Vote Reset (Historical)
What will happen on May 1st, 2024, at 6:00 PM UTC?
You can get detailed information here, but below I’ll explain the most important points that will happen in Meta Pool on May 1st, 2024.
- Very important: on May 01, 2024 at 18:00 hrs UTC, all votes you have cast on metapool.app will be reset.
Users needed to vote again after the reset in order to receive rewards. - The time to perform the migration was between 15/04/2024 and 01/05/2024 - 18 hs. UTC. Users who had not migrated were directed to: old.metapool.app. And follow the instructions: Migration to mpDAO.
- As of 18:00 hrs UTC on May 1, 2024, the acquisition of mpDAO on UNISWAP was enabled on the Ethereum network (mpDAO on Ethereum is now deprecated).
- For more information, you can go to our FAQ section or contact Meta Pool on Discord.
What is mpDAO?
mpDAO is the Governance token of Meta Pool. It allows holders of mpDAO tokens to be part of Meta Pool’s decisions. Being a holder of mpDAO makes you a participant in the Meta Pool DAO.
How much will mpDAO cost?
For $META holders, at the time of migration, each $META will be exchanged for one mpDAO. Therefore, the cost of mpDAO is equivalent to the cost of $META.
To obtain mpDAO on Ethereum, follow these instructions.
How will Meta Pool governance work on Ethereum?
Starting in mid-May 2024, users could link your Ethereum wallet with your NEAR wallet (in case you don’t have one, to operate in the governance of metapool.app users needed to create a NEAR wallet). Governance will be managed from NEAR, so you can lock your mpDAO tokens on Ethereum, but your Voting Power will be functional on NEAR.
During the first few months (approximately 2-3 months), mpDAO tokens acquired on Ethereum will only require locking to earn rewards. After that period, they will need to vote on different voting options in metapool.app to earn rewards.
Will Meta Pool governance stop being on NEAR?
No, the governance of Meta Pool remains on NEAR. The main difference lies in being able to acquire mpDAO tokens on the Ethereum network as well as the NEAR network. However, all the votes required for governance are conducted on the NEAR network.
How can I obtain mpDAO?
Starting from 6:00 PM UTC on May 1st, mpDAO acquisition was enabled on the Ethereum network through UNISWAP.
All $META holders on the NEAR network could migrate to mpDAO from metapool.app.
Acquiring additional mpDAO will, for the time being, only be available on the Ethereum network. Here is how to get mpDAO.
What can I vote on to earn rewards?
Meta Pool provides different voting options. You can vote on Validators, Grants, and MPIPs. Important: Those who acquire mpDAO on the Ethereum network could not vote until they can link their Ethereum wallet with the NEAR wallet, which was expected in mid-May 2024.
What should I do to earn rewards?
To earn rewards, it’s important to participate in the Meta Pool DAO. You can participate in the Meta Pool DAO by voting. The current voting possibilities are: Validators, Grants, and MPIPs.
Here is more information: My votes.
When can I withdraw my rewards?
Rewards are calculated daily, but they are available for withdrawal every 3rd day of each month. Ethereum user: The first withdrawal date for Ethereum users was 06/03/2024
I didn’t manage to lock my $META tokens before May 1st. What should I do?
The Forgetful $META holders will still be able to lock $META and migrate after May 1st, but they won’t receive payments until they migrate. If you still have $META unlocked after April 14th, you should go to: old.metapool.app to lock your $META, perform the migration, and obtain your mpDAO.
Follow this instructions: April 2024 Migration.
I have an unlock position before May 1st. What will happen to my tokens?
Unfortunately, you won’t be able to migrate to mpDAO. Unlock positions prevent migration. At the time, the recommendation was to lock all $META as soon as possible to migrate and earn rewards with mpDAO.
See the instructions in the point: I didn’t manage to lock my $META tokens before May 1st. What should I do?