April 2024 Migration - mpDAO
Last updated
Last updated
Follow this instructions: Migrate Now
Your $META tokens are still in your Wallet and/or in the metapool.app until you perform the migration to mpDAO, which will be available on 04/15/2024.
You have until April 14th to lock your $META tokens on the metapool.app website. Starting on April 15th, Meta Pool will change the contract, so it will not be available to lock on metapool.app. Starting in May
If you still have $META tokens unlocked after April 14th, you will need to go to: old.metapool.app to lock your $META, perform the migration, and obtain your mpDAO.
If you have an unbonding position, you won't be able to migrate to mpDAO. Therefore, your $META tokens are still showing in metapool.app. Important: Before Migrating, you should thoroughly check that you don't have any pending withdrawal positions and that you don't have any $META tokens pending to lock. To migrate them, you need to lock them and follow the steps indicated below:
To obtain Voting Power you will have to lock your mpDAO. To lock your mpDAO you must choose an “Unbonding period”.
Depending on the time chosen or in other words, the longer the Unbonding period chosen, the more Voting Power you will get. So is how you create a locking position to obtain voting power.
In Meta Pool Vote there are three stages of locking positions:
Lock Period: Period that starts at the creation of your locking position and allows you to vote (with Voting Power) and participate in the Meta Pool DAO. As long as your Lock Position is active and you have voted you will get payments for participating in the DAO.
Unbond Period: In order to withdraw your mpDAOs you must start unbonding. This time is chosen at the moment of creating your locking position. You must wait for it to end before you can withdraw your mpDAOs. It should be noted that during this period you will not be able to vote or participate in the DAO with this Locking Position.
Withdraw: once the Unbond period is over, the withdrawal of your mpDAOs is enabled.
From 15.04.2024 18:00 hs. (UTC) to 30.04.2024, migration can be done on the NEAR network on the Meta Pool website - metapool.app. The sooner you migrate to mpDAO, the greater the reward. Remember that in order to receive rewards, you must vote on the proposed options, both as Validators, Grants, and MPIPs.
All $META holders on the NEAR network will be able to migrate to mpDAO from metapool.app. Acquiring additional mpDAO will, for the time being, only be available on the Ethereum network starting 01.05.2024.
To obtain payments for voting, 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.
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.
Payments for voting are calculated daily, but they are available for withdrawal every 3rd day of each month. Ethereum user: The first date to withdraw your payments for Ethereum users will be on 06/03/2024.
With the new mpDAO contract, the operation of the DAO was made more efficient, and as a result, we improved the calculation of Voting Power, rewarding mpDAO holders with longer unbonding periods. The calculation of Voting Power is: quantity of mpDAO x unbonding period / 60. This calculation results in 1 VP being equal to 1 mpDAO only with an unbonding period of 60 days."
