How to Farm the Meta (MTA) Token with mStable

IMPORTANT: You will need this link to get to the 50/50 mUSD/USDC pool in Balancer.
https://pools.balancer.exchange/#/poo...

In this lesson, we learn how to earn the new Meta (MTA) token as a liquidity provider in the 50/50 mUSD/USDC pool in Balancer. The announcement by mStable about this Meta (MTA) token is here:   / meta-mta-genesis-on-balancer  

This is a follow-up to a Bankless tutorial about how to earn the native interest rate by saving stablecoins with a DeFi app called mStable. mStable provides zero slippage 1:1 swaps for USDC, DAI, USDT, and TUSD, currently for a trading fee of 0.1%. Watch the tutorial here:    • How to Earn Interest Saving Stablecoi...  

MTA is the token that performs several functions for the mStable protocol. mStable unites pegged assets (stablecoins, tokenized bitcoin, gold, etc.), lending and swapping into one standard.The utility behind the MTA token is to act as the contingency value that re-collateralizes the system if an underlying collateral asset fails, to coordinate decentralized governance, and to incentivize the bootstrapping of mStable asset liquidity.

This is yet another example of how to "farm yield" in DeFi by depositing your idle assets to provide liquidity, while you earn multiple forms of yield: i) MTA, ii) the BAL governance token, and iii) marketing-making fees on Balancer.

DeFi Dad walks us through the following:
1️⃣What's mStable and what's the utility of the Meta (MTA) token
2️⃣How to earn 3 forms of yield with MTA + Balancer trading fees + BAL
3️⃣Confirming my Balancer LP added to the pool
4️⃣How to exit being an LP in Balancer
5️⃣Risks to Consider

To learn more about MTA, go to:   / meta-mta-genesis-on-balancer  
To try mStable yourself, go to: https://mstable.org/

For more Bankless video tutorials, check out:    • Bankless Tutorials  

Video by: @DeFi_Dad
Follow @DeFi_Dad on Twitter
For even more DeFi Dad tutorials, subscribe to DeFi Tutorials with DeFi Dad on YouTube:    / @defidad  

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Disclosure, Disclaimer, & Risks: mStable did not pay DeFi Dad to produce this video. This is not financial advice and you should approach all DeFi applications, wallets, and protocols with caution. Please be aware there is always risk in using DeFi, including technical risks (ie smart contracts hacks), financial risks (ie liquidity crises), and potentially admin risk (admin key compromise, governance vulnerabilities). Also, with mStable, you should consider the risk of a stablecoin peg failing and a loss of liquidity in any stablecoin if LPs or traders were to trade/withdraw all of any of the 4 stablecoins. One ideally has to be willing to have exposure to any of the 4 stablecoins in the pool (DAI, USDC, USDT, TUSD).

As of July 10th, 2020, DeFi Dad wanted to disclose he currently had less than 1 MTA earned thanks to his participation as a Balancer LP. He also wanted to disclose he is saving mUSD with the native interest rate on mStable to earn ~25% APY.


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