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MetaStreet

Category: NFT, DeFi

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Overview

Total XP Rewards

100

Estimated Rewards

$20M

Funding

$49M

Current Stage

Season 1

Total value locked

$8M

Unique Users

~24,000

Chains

chain imagechain image

Phase

Mainnet

Structure

XP based

Gas

Yes

Grade

A

Tasks

0/5

TGE

Q1-2025

Type

Infrastructure

Confirmed

No

Date

8 months ago

Introduction

  • MetaStreet lets you lend and borrow digital assets like NFTs in a unique, decentralized way, creating liquid tokens that can be easily traded.

Tasks

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Fundamentals

  • Yield Infrastructure Protocol: MetaStreet structures sources of high yield into tradable assets using its Automated Tranche Maker (ATM).
  • Permissionless Lending: The ATM allows users to create lending pools without needing permission, catering to any collection of assets​.
  • Oracleless Model: MetaStreet removes the dependency on centralized price oracles, enhancing decentralization and security.
  • Liquid Credit Tokens (LCTs): LCTs are liquid, composable ERC-20 tokens that represent lenders' positions within a pool, enabling long-duration loans and secondary liquidity​.
  • Stabilizes Floor Prices: By deepening lending markets and encouraging higher loan-to-value ratios, MetaStreet helps stabilize the floor prices of digital assets.
  • Dynamic Interest Rate: Replaces fixed interest rates with a dynamic, deposit-driven model, adapting to market conditions more effectively.

Potential Rewards

  • MetaStreet is a liquidity scaling protocol targeting NFT credit markets, offering a capital vault to facilitate secondary market liquidity for NFT-backed notes. This innovative approach helps stabilize asset prices and maximize returns, making it stand out in the market.
  • XP Collection: Users who actively collect XPs on the platform may become eligible for future airdrops when MetaStreet launches its own token.
  • Early User Incentives: Early adopters and active participants in the MetaStreet ecosystem are likely to receive higher airdrop allocations.
  • Engagement-Based Rewards: Users contributing significantly through lending, borrowing, or governance participation could be prioritized for rewards.

 

Investors

  • Dragonfly Capital
  • Animoca Brand
  • Mirana

Audit

  • Cantina

Features

  • LCTs can be used in various DeFi applications, including trading, supplying liquidity, and leveraging with vaults, maximizing yield for participants​.
  • Provides enhanced security by wrapping collateral, ensuring it meets specific criteria before being used in the protocol​.
  • The protocol supports cross-chain interactions, enabling users to lend and borrow assets across different blockchain networks​.
  • MetaStreet incorporates various optimizations to minimize gas fees, making transactions more cost-effective for users.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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