Liquid staking service Meta Pool today announced the launch of Meta Bonds, a secondary bond market based on debt securities created from projects that were part of the Meta Yield Launchpad. The platform provides Web3 project builders, as well as those who have supported the projects, with two types of rewards that allow them to regain liquidity.
Meta Bonds are a new DeFi (Decentralized Finance) tool that runs on the NEAR protocol and allows tokens to be “locked” inside a bond, similar to how an NFT works. The idea of Meta Bonds is similar to that of SAFT (Simple Agreement for Future Tokens), with the difference that these do not require permissions and operate “on-chain.” Those seeking to purchase bonds have access to two types of them:
- NEAR bonds, which represent NEAR prohibited to those who supported the project.
- Token bonds, which represent tokens for projects like Pembrock, which have sought funding through the Meta Yield Launchpad platform.
Both types of bonds have a lock-up period and once this is achieved, the face value of the same is handed over to the owner of the tokens. The advantage offered to bond buyers is that they can access discounts from the face value, with the assurance that the issuer will not cancel the transaction, since the tokens are locked into the bond.
The goal of Meta Bonds is to provide liquidity to those who are part of the Meta Yield Launchpad, providing greater flexibility to both Web3 projects and those who decide to support them through the platform. For more information, please contact Meta Pool.
For more information, please contact Meta Pool.