Liquid staking is well regarded as an innovative solution that allows users to earn staking rewards while maintaining liquidity and flexibility with their staked assets. Four years after it hit the market, the liquid staking sector still remains vibrant and growing. According to Dune Analysis, ETH staking remains a net inflow, with over 33 million ETH tokens staked on Beacon Chain.

Meow Protocol has been at the forefront of exploring and implementing liquid staking strategies with its structured financial model for better yield enhancement. As our onboarding program successfully concludes and ETH staking grows, we would like to give our incoming users a quick look into Meow Protocol’s experience with ETH/USDC staking and a deep dive into the current mETH and mUSDC structure.

Meow Protocol has expanded its liquid staking offerings to Ethereum and Scroll Network with the introduction of mETH and mUSDC in July 2024. mETH is a structured product that combines the benefits of traditional staking with the flexibility and liquidity of an ERC-20 token.

By staking ETH through Meow Protocol, users can earn staking rewards while still having the ability to trade, transfer, or utilize their staked mETH tokens within the Ethereum ecosystem.

Meow Protocol operates staking over its own validator setup, In ETH and USDC staking, Meow Protocol follows the industry norm and works with experienced node operating teams in the market.

It is a popular belief that the newly added withdrawal function encourages users to stake their ETHs hassle-free; The recent market data such as the long queue time for activating validators has clearly proved it.

As the size of mETH grows, we would like to highlight to the Meow community newcomers some ways to earn an additional yield on top of the staking rewards.

mETH and mUSDC Yield Generation

mETH and mUSDC holders earn yield through three primary mechanisms: staking rewards, AMM pool yield farming opportunities and Meow Protocol’s innate structure.

1. Staking Rewards: The standard staking rewards generated by validator nodes. Users who stake their ETH through Meow Protocol become part of a staking pool that participates in the Ethereum network’s proof-of-stake (PoS) consensus mechanism. This enables them to earn staking rewards in the form of additional ETH over time. These rewards are distributed proportionally to mETH holders based on their stake. It is worth mentioning that, given the current queue to activate new validators, it could take a few more days before the deposited ETH start generating actual rewards, which though will not affect the rewards of individual ETH earning since it’s a shared pool, it will still result in a temporary fluctuation of APR figures when deposit demand is high.
2. AMM Yield Farming: Meow Protocol provides opportunities for mETH and mUSDC holders to further enhance their yield with AMM LP tokens. Currently, there are one main AMM pool and two LP staking options for ETH-mETH and USDC-mUSDC, the Balancer pool and the Aura pool, both within the Balancer ecosystem.

2.a. Balancer Pool: Balancer is the default AMM pool that users will be redirected to when choosing “provide liquidity” through the staking page:

Besides the transaction fees from the pool, LPs receive additional BAL as liquidity mining incentives by staking the LP tokens with Balancer.

By the time of this writing, the pool yields an APR of 10.76% — 19.81%.

3. Meow Ecosystem earning: Unlike any other LSD tokens in the market, Meow Protocol is fundamentally a provider of structured products, not a pure LSD protocol.

Liquid staking has become a crucial component of Meow Protocol’ product offerings, enabling users to earn rewards while maintaining the liquidity of their staked assets. Meow Protocol started its liquid staking journey with MEOW ETH (mETH) on Ethereum Network and later expanded to MEOW USDC (mUSDC) on Scroll Network. This dual approach combining structured products and liquid staking demonstrates Meow Protocols’ commitment to providing its users with enhanced yield opportunities and flexibility. We will continue this endeavor with future collaborations with protocols in the Scroll ecosystem and diversified product design.

The onboarding program marks the beginning of an exciting journey, and we look forward to having you with us every step of the journey!

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With the launch of Balancer V2, we are proud to announce our partnership with @balancer, an ever-expanding AMM product suite and Yield-Bearing Hub.

This collaboration is set to spearhead the evolution towards becoming a focal point for Yield-bearing stablecoin liquidity on Meow Protocol.

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We are thrilled to announce the launch of our NEW Lending Model and completion our Smart Contract Audit.

Liquidity for deposit and borrow in the smart contract has been added and restored.

Community members can withdraw, deposit and clear their borrowings now.

Please stay tuned for more announcements…..

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We are pleased to team up with @squidrouter, which is supported by @polychain, @NomadCapital_io, @NorthIslandVC, etc.

We will jointly launch a @Scroll_ZKP eco content creation event with Squid, Rollie and Equilibre (Keller).

Interested users can learn about Meow & Squid & Rollie & Equilibre (Keller) in advance to seize the opportunity. More event details will be announced in a few days.

Squid, Swap any token securely across chains in one click. Get stablecoins, gas tokens, and hundreds of native assets in 20 seconds or less. Powered by @axelarnetwork.

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Breaking boundaries! Thrilled to announce our strategic alliance with @scrollnsdomains, driving innovation in lending and contributing to a composable Financial Autonomous world.

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Join us in celebrating our strategic collaboration with SecondLive

All-in-one Web3 Metaverse Marketing Hub. A significant step towards co-building a composable Financial Autonomous Future.

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We are pleased to announce that our Smart Contracts have been audited by @VeridiseInc, a leading security firm in the @Scroll_ZKP.

The security of the protocol is our highest priority.

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Groundbreaking collaboration alert!

We’ve partnered strategically with @QuestN_com to pioneer a composable Financial Autonomous World.

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Major announcement!

Meow Protocol and @TrantorDAO have formed a strategic alliance, aligning our vision to construct a composable financial autonomous ecosystem.

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Meow Protocol is thrilled to share the exciting development: a strategic partnership with @xplusio, co-creating a financial autonomous world with a focus on lending and composability.

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