The biggest liquid staking platform on NEAR protocol is about to undergo a fundamental transition that will redefine decentralized governance in the defi space . Proposed last year 14th October via MetaPool's governance dApp MPIP, this proposal aims to Rename the governance token of MetaPool from $META to $mpDAO. Since it approval, this transition to $mpDAO has gradually been processing the phase deprecation of the existing $META token to make room for $mpDAO token to emerge as the new governance token. Start from the series of "LOCK YOUR META CAMPAIGNs" the launch of $mpDAO is finally at hand. This monumental shift in governance token will be launched on May 1st 2024. This launch of $mpDAO token will be on NEAR BOS, meaning this will be an EVM compatibile token. With the presence of numerous Ethereum’s bridges, connections to most relevant blockchain networks in the ecosystem will be very much possible. WHAT TO TAKE NOTE OF : 👉Before the launch on may 1st, from April 15th to April 30TH 2024 , mpDAO users must migrate their $META locked positions to the new mpDAO voting contract. In the new contract, there’s a slight modification in the computing of the voting power. 🔹 Users who commit to an unbound period of 30 days will receive 0.5x voting power. 🔹 Users who commit to an unbound period of 300 days will receive 5x voting power. These adjustments in voting power computing aim to enable highly dedicated community members to augment their voting power in comparison to less committed participants. NOTE : You cannot complete the migration if you have unlocking positions. So if you have unlocking positions, it's recommend you re-locking your unlocked positions before migrating. 👉Before the launch of $mpDAO, 25% of the maximum supply of $META tokens will be permanently burned. This will results in $mpDAO having a maximum supply of 750 million tokens. 👉Starting from May 1st, 2024: 🔹MpDAO Users be able to restart the unlock process. 🔹MpDAO Users will get 1 locked mpDAO for each locked META. 👉After the launch, from June 1st, 2024 to November 30th, 2024: Tokens not locked by November 15th, 2023 (LOCK YOUR META CAMPAIGN ) , can be exchanged case-by-case through OTC for META -> mpETH. Staying tuned for more updates on this transition, also If you've got any questions or in need of any assistance, please feel free to reach out to us via Discord / telegram to get instant response. Telegram: https://t.me/MetaPoolOfficialGroup Discord: discord.gg/pzm93pnT4r