Meta Pool DAO wallet

What is Meta Pool DAO (MPDAO)?

mpDAO is the governance token of Meta Pool, a liquid staking protocol best known on NEAR and also running on Solana. Worth separating straight away: the protocol's staking products are their own tokens, and this is not one of them. mpDAO does not represent staked NEAR or staked SOL and its balance does not track a staking position. It is the token used to govern the protocol - proposals, direction, how the DAO's decisions get made.

It also replaced the protocol's earlier META token, which is where most of the confusion around it comes from. Anyone who held the old token went through a migration to this one, so listings, old guides and old wallet entries can still point at the previous asset.

The other thing that catches people out is where the token sits. Meta Pool's staking lives on NEAR and Solana, but the balance described here is an ERC-20 on Ethereum, so transfers are ordinary Ethereum transactions paid for in ETH at the same address. Supported networks in Tangem (1): Ethereum.

Governance tokens get signed with a handful of times a year and otherwise sit still, which puts all the weight on the key rather than on the app. In Tangem the key is created inside the card's chip and stays there, and the backup is a second card made at the same time and kept somewhere else, with a seed phrase available if you prefer to have one written down. Storing mpDAO this way fits a token whose main job is to still be reachable, under your control, whenever a vote finally matters.