Meridian Joins Taraxa Ecosystem, Plans Integration with StorkOracle

**Meridian provides update on LayerCover**, a parametric insurance marketplace for DeFi. **Key Features:** - Instant claims processing - Single-sided liquidity provision - Pay-as-you-go coverage model **Market Context:** Recent depeg events with $xUSD and $deUSD highlight urgent need for **stronger DeFi security infrastructure**. **Current Progress:** - Team establishing partnerships with industry leaders - Pursuing strategic funding for liquidity scaling - Building awareness in the market **Stakeholder Benefits:** Meridian stakeholders will be **included in early protocol phases** and rewarded for their support. LayerCover aims to make DeFi more secure and trustworthy, helping onboard institutions and larger capital flows into crypto markets.

Meridian contributors continue building their veSTELLA position, acquiring **51,642.10 STELLA** tokens from StellaSwap markets. This accumulation strategy supports the **MST-DOT liquidity pool** that recently launched on StellaSwap with a starting price of $0.075 and 1% swap fees. **Key details:** - veSTELLA position will incentivize MST pool during high efficiency periods - MST supply remains hard capped with deflationary mechanics - Previous epoch saw 65,190.43 STELLA accumulated with 97% staked The strategy leverages vote-escrow mechanics to expand MST liquidity while accelerating long-term supply deflation through carefully designed tokenomics.

**StellaSwap bribing strategy update:** - MST-DOT voting gauge bribing **temporarily suspended** - Will resume only when bribing efficiency exceeds 1.0 - **Efficiency above 1** means pool receives more USD rewards than bribe costs This approach ensures stakeholder value isn't diluted through inefficient spending. The team continues monitoring metrics to determine optimal restart timing. *Strategic pause protects community resources while maintaining long-term sustainability.*

Meridian has announced its participation in the upcoming EthCC (Ethereum Community Conference). The team will be actively networking and exploring potential partnerships during the event. - Focus on building new connections - Seeking partnership opportunities - Open invitation to meet community members This follows their previous successful appearance at ETH Milano, where team members engaged with the Ethereum community. **Want to connect?** Reach out to schedule a meeting during the conference.