meta

Meta Pool has announced a strategic alliance with QiDAO to integrate mpETH as collateral for the issuance of the MAI stablecoin.

This collaboration marks a significant milestone in the decentralized finance sector, as it combines Meta Pool's expertise in cryptocurrency staking with QiDAO's innovative lending platform.
The agreement focuses on the use of Meta Pool's Liquid Staking Token (LST), mpETH, which offers an annual yield of 5% and accumulates staking reward value in real-time. This steady performance makes mpETH a solid option to be used as collateral on the QiDAO platform.
The partnership also promises to reduce transaction costs for users by integrating with Linea, a low-cost exchange platform. Meta Pool and QiDAO will work together with Lynex to promote liquidity in the mpETH<>MAI pool.
Users of Meta Pool will benefit from variable monthly rewards ranging from $3000 to $4000 USD and will have the opportunity to use mpETH as collateral to mint MAI, allowing them to generate additional yield. This initiative represents a unique opportunity to maximize rewards and actively participate in the future of decentralized finance.
The collaboration is designed to foster the growth of the Meta Pool DAO, with the goal of improving the staking experience and contributing to the strengthening of the cryptocurrency ecosystem through innovations that lead the way towards a more inclusive and accessible digital economy.
About Meta Pool: Meta Pool is a leading cryptocurrency staking platform that offers liquid staking solutions and competitive rewards for its users.
About QiDAO: QiDAO is a decentralized finance protocol known for its issuance of stable cryptocurrencies and collateralized loan solutions, thus facilitating accessibility and the expansion of decentralized finance.

#DAO #meta $BTC $ETH

📅 Jan 11, 2025 | 02:53 GMT+5
A proposal has been submitted by Meta shareholder Ethan Peck, suggesting that the social media giant convert a portion of its $72 billion in cash and short-term cash equivalents to Bitcoin (BTC). The proposal argues that this move would help hedge against the risks of currency debasement and inflation.
Peck highlighted that Meta is losing 28% of its cash assets over time due to inflation, and he used Bitcoin's significant outperformance of bonds over the last five years (1,262%) as evidence for adopting Bitcoin as a treasury asset.
In his proposal, Peck made an interesting point: Meta’s CEO Mark Zuckerberg famously named his goats “Bitcoin” and “Max”, and Meta director Marc Andreessen has long been a Bitcoin supporter and serves on the board of Coinbase. Peck questioned, “Do Meta shareholders not deserve the same kind of responsible asset allocation for the Company that Meta directors and executives likely implement for themselves?” 🐐💸
Peck, who works for The National Center for Public Policy Research, a Washington-based think tank, submitted this proposal on behalf of his family’s shares. The organization has also made similar Bitcoin corporate treasury proposals to Microsoft and Amazon in 2024.
Why Big Tech Is Hesitant to Adopt Bitcoin 🏦
While this might sound like a progressive move, Big Tech firms like Meta, Microsoft, and Amazon have been hesitant to adopt Bitcoin as a treasury asset. In fact, Microsoft shareholders recently voted against a similar proposal, which would have allocated at least 1% of Microsoft’s $484 billion in assets to Bitcoin.
The hesitation primarily comes from Bitcoin’s volatility and its lack of yield-bearing opportunities, as explained by Nick Cowan, CEO of fintech firm Valereum. For industry leaders like Meta, these concerns present significant barriers to allocating 5% or more of their reserves into Bitcoin.
However, Peck’s proposal for Meta is in line with broader concerns about inflation, especially as he criticizes the Consumer Price Index (CPI) — a traditional measure of inflation — calling it a poor gauge of real inflation. According to Peck, the true inflation rate is likely double the CPI, making Bitcoin an appealing asset for treasury diversification. 📈💡
Will Meta take this bold step toward Bitcoin adoption, or will it follow the cautious path taken by its peers like Microsoft? Only time will tell as the debate continues into 2025.
#Bitcoin #Meta #CryptoTreasure #BTC
$BTC
$DOGE
$BNB

Meta firmly rejected a bold shareholder push to adopt bitcoin as a treasury asset, signaling strong resistance to crypto integration despite mounting institutional interest and rising bitcoin momentum.

Meta Rejects Bitcoin Treasury Proposal Amid Strong Shareholder Opposition
Meta Platforms Inc. declined a shareholder-backed initiative to explore adding bitcoin to its corporate treasury during its annual meeting on May 28. Shareholders voted on fourteen proposals, all of which were detailed in a prior filing with the U.S. Securities and Exchange Commission (SEC) dated April 17. Participation was substantial, with 92.61% of the combined voting power of Class A and Class B shares represented, ensuring a quorum for the proceedings.
The bitcoin-related proposal drew notable attention, as it mirrored similar efforts presented at other major tech firms. Despite increasing discourse on cryptocurrency in corporate finance, Meta shareholders decisively rejected the idea. Less than 0.1% voted in favor, with 95% voting against and approximately 8.9 million shares abstaining. Vaneck’s head of digital assets research, Matthew Sigel, commented on Meta’s vote on social media platform X:
Meta joins Microsoft and Amazon in rejecting calls to add bitcoin to the balance sheet.

Meta’s SEC filing. Source: SEC.
An increasing number of corporations are embracing bitcoin as part of their financial strategy, adding the cryptocurrency to their balance sheets as a hedge against inflation and a store of value—an approach notably championed by Michael Saylor and his firm, Strategy (Nasdaq: MSTR). This trend underscores a growing institutional interest in digital assets, particularly as economic uncertainty and fiat currency concerns persist.
However, major players like Microsoft and Amazon have recently opted not to follow suit. Both companies have faced shareholder proposals urging them to allocate a portion of their reserves to bitcoin, but they firmly rejected the idea, citing the cryptocurrency’s volatility and the need for stability in their financial operations. Though Meta shareholders opted not to move forward with such a measure, ongoing developments in digital asset regulation and market infrastructure may keep the door open for similar proposals in the future as institutional attitudes evolve.

#Binance #wendy #META $BTC $ETH $BNB