Global Volunteer Community!

MetaFinance
3 min readSep 9, 2020

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Global volunteer community recruitment starts, and mine DeFi head first!

Introduction

  • MetaPool is an innovative DeFi aggregation financial mining platform, which is deeply influenced by the design philosophy of YFI community.Creatively use four mining pools to help users pledge ETH to capture the maximum profits and distribute profits through MFI tokens. MetaPool expands the scale of pledge pool with a dynamic extension matrix of 50%- allocation ratio based on this philosophy, and all rules are implemented in smart contracts.
  • MFI is distributed in the mode of YFII, with no desire, to mine and no ICO, which is completely determined by MFI DAO governance.MetaPool project is initiated by the community which is autonomous and has no founder. At present, MFI community mainly includes four sections: technical community, audit community, media community, exchange community and volunteer community. Anyone interested in DeFi and DAO can participate in MFI development.
  • The first mining pool of Meta Pool will be opened soon, and the welfare of the first mining in the community will be shocked. The first batch of community participants will enjoy the first mining through the white list!

Highlights analysis

  • Product interface design pays tribute to YFI/YFII community, which is a great social governance experiment, and carries out Lego-style combination innovation based on existing DeFi products.
  • In the future, we will reach cooperation with YFI/YFII community, authorize ETH of pledge pool to YFI/YFII strategic pool, and realize the optimal mining strategy with one click.
  • Introducing the promotion matrix of 50% allocation ratio in the innovation of DeFi protocol, the scale of pledge pool will continue to rise with the expansion of dynamic income promotion matrix, thus bringing about a positive cycle of TVL and currency price.
  • MetaPool is a subversive DAO attempt, in which MFI holders vote to decide whether to open a new mine pool, that is, to give DAO the central bank function.
  • 10% of the funds are used to motivate the volunteer community DAO, and the volunteer community drives the development and cooperation of MetaPool

MFI token function

  • Pledge MFI-ETH to provide liquidity to participate in the mining of the mine pool;
  • Pledge MFI to obtain mining income from mining pool
  • Locking MFI participates in voting to obtain governance benefits
  • MFI token is a voting tool for community governance, which determines the development of MetaPool in the future
  • Holding the currency to increase value, MetaPool will increase the value of ETH profits in the pledge pool for tokens by means of profit sharing and destruction. With the larger scale of the pledge pool, its profit boundary and valuation index level rise;

Community recruitment officially opened

  • Technical community DAO — 6
  • Audit community DAO — 3
  • Exchange community DAO — 3
  • Media community DAO — 3
  • Volunteer community DAO — 45
  • Each volunteer community invested 5000USDT to enjoy the first mining with resource communities

Mining at Whitelist Mine

  • The first batch of white list mining lasted for 3 days

6 technical communities, 3 audit communities and 11 volunteer communities

  • The second batch of white list mining lasts for 3 days

-3 media communities and 17 volunteer communities

  • The third batch of white list mining lasts for 4 days
  • 3 exchange communities and 17 volunteer communities

Volunteer community enjoys 10% dividend of MetaPool, which is settled every week

  • 45 volunteers communities share 13.5% equally
  • 16.5% share of the weighted performance of the peer recommendation of the volunteer community
  • Volunteer community is weighted by 70% according to performance

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