Metafinance weekly (June 25, 2021)

MetaFinance
3 min readJun 25, 2021

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1. Node competition

The first phase of the MetaFinance eco-meta-start event, the node competition, will be launched on June 28. In the future, node bonus and node incentive coexist, and more functions can be assigned around the node contribution value to form a complete ecological circle

2. Blueprint

The Blueprint is an initiative launched by the MFI community to motivate prominent evangelists in the community ecology. Participants who meet the requirements will receive 1.5 MFI rewards per day for 160 days, making a total of 240. There are two criteria for participation in the blueprint program, and rewards are awarded for meeting either of these criteria.

  • As a super node itself, direct recommendation of 3 super nodes while their community has 8 super nodes.
  • Super Node itself, direct recommendation of 2 super nodes at the same time their community has 15 super nodes.

If the reward does not meet the requirements halfway, the reward will be suspended in the next node cycle, after the completion of re-distribution. The Blueprint is scheduled to go live in July.

3. Website iteration

MetaFinance V2 brings a whole new user interface upgrade, and this iteration aims to make MetaFinance a better user experience by working with a top team on grand page design that fits into the global decentralized financial integrated business community. The new version of the official website is being designed and developed, and we will announce the latest progress in time.

  • Show all products under the ecology, independent of the product URL.
  • Statistical node ranking, display user personal data and community data.
  • Cross-link networks are clearer, pledge output is updated in real time, and MFI deals feed prices in real time.

Iv. Digital identity study

Meta, as the MetaFinance white paper reveals, has the financial discipline of the blockchain world, giving MFI ecological users a unique NFT: digital identity DID. In MetaFinance, each user has a unique digital identity DID, which is held by the user in the form of NFT, including registration time, pledge information, community information, etc. . According to different digital identity DID, users can get a variety of NFT: community user NFT, Cornerstone user NFT, node NFT, super node NFT… . … different rights and incentives, participation in product white lists, etc. , and a digital identity in proportion to the profits of metafaith ecology.

Metafinance has made a bold attempt to combine DID, NFT, and DEFI. Digital identity is first used in MetaFinance’s unsecured lending, where different digital identities such as super nodes, nodes, etc. are lent without having to remortgage tokens, that is, it can advance the output of the mine pool in a certain period of time, at the same time, the corresponding NFT can be recovered, and the NFT can be reclaimed after the advance amount and interest are repaid. These nfts, which contain digital identity information, circulate and trade freely, but their corresponding rights disappear after the transaction.

More will be revealed in the technology community research article how to bring Decentralized Digital identity to DeFi.

About MetaFinance

MetaFinance aims to create a decentralized financial complex by combining different decentralized products in a legoesque way, with four core products: metaaboard, MetaPool, metadaao, MetaTrigger, community-based Dex, derivatives, NFT and more will follow. MFI is a governance token that carries the value and equity of MetaFinance. A version of MetaFinance V2 will be available from 2021 Q3.

Official website: https://metapool.finance/

Twitter:https://twitter.com/metapool1

Email: service@metapool. Finance

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