mpETH
Start earning ETH with Meta Pool Liquid Staking.
Last updated
Start earning ETH with Meta Pool Liquid Staking.
Last updated
mpETH Liquid Staking solution is designed to provide a passive income to holders within the Ethereum ecosystem. Stake $ETH for rewards and still have access to your assets with a liquid staking token from Meta Pool.
This innovative solution enhances the functionality of the $ETH token by offering a staking service that allows users to earn rewards while their tokens remain liquid and accessible.
mpETH is a yield bearing asset, accruing in value every second meaning that you keep earning staking rewards, while you can use mpETH for DeFi (coming soon) on Ethereum Network.
mpETH accruing in value every second.
Liquid staking in Meta Pool allows users to stake small amounts of ETH (min. 0.01 ETH) instead of requiring 32 ETH which is needed to run a validator node on the Ethereum Network.
Ethereum's staking rewards primarily come from two sources: Block Rewards + Transaction Fees.
Fast Unstake. When you stake with Meta Pool you have the option to access ETH immediately (Liquid Unstaking) by paying a small fee (starting at 0.25%)
For the purpose of enabling fast unstaking for mpETH holders, Meta Pool includes an mpETH / ETH liquidity pool.
Users providing liquidity to the mpETH<>ETH liquidity pool can earn fees on each fast unstake.
The mpETH<>ETH Liquidity Pool is a single token AMM. Liquidity providers add only ETH to the liquidity pool.
The pool allows other users to perform "Fast Unstakes". During a "Fast Unstake" users send mpETH and receive ETH from the liquidity pool, minus a fee.
All mpETH is backed by staked ETH in validators. The protocol is sound in the sense that it can be wind down, meaning all mpETH can be burned, validators shut down and the recovered ETH + rewards will be made available to the original mpETH owners.
Considering that all mpETH is fully backed by ETH, there's a "true price" for mpETH and that's the share price of the ERC-4626 standard the Meta Pool contract implements.
This true price is the one used at all times, in fast-unstake operations and also in delayed-unstake operations.
Delayed unstake operations have no fee, thus honoring the true price, but since it could be required to exit validators in order to make the ETH available, a delayed unstake operation may require from 7 to 14 days in order to be completed
If you need to obtain the true price for mpETH/ETH, you need to call the ERC-4626 standard function `convertToAssets(1000000000000000000)`
