MetaStreet
MetaStreet is a permissionless DeFi protocol, built by Permian Labs, that provides NFT-collateralized lending with automatic tranching and tokenizes DePIN node yields and NFT airdrops into tradable instruments. It serves crypto-native users across five blockchain networks and has processed over $369 million in cumulative volume.
- Company typePrivate
- Founded2021
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What MetaStreet does
MetaStreet is a permissionless DeFi protocol developed by Permian Labs, founded in 2021 and headquartered in Boston, that enables liquidity and yield capture from illiquid on-chain assets including NFTs, DePIN node yields, and Real World Assets. The protocol is structured around two infrastructure layers: a Liquidity Layer (v2 Pool) that provides NFT-collateralized lending with automatic tranching via a novel liquidity tick architecture, and a Yield Capture Layer that tokenizes node yields and NFT airdrops into tradable Yield Pass (YP) and Node Pass (NP) tokens. Core technical components include the WeightedInterestRateModel for tranche-based interest distribution, ERC20 tokenization of deposit positions for DeFi composability, an onchain English auction system for collateral liquidation, and multi-chain deployment across Ethereum, Arbitrum, Base, Plume, and Blast via custom token bridges.
The protocol is operated as a self-serve, non-custodial application accessible globally through app.metastreet.xyz, with WalletConnect integration and a fully permissionless user experience. The go-to-market motion is product-led and community-led, relying on Discord, Twitter/X, Medium, and developer documentation for engagement rather than direct sales. Target user segments include NFT holders seeking liquidity against their holdings, DePIN node operators (e.g., Aethir, Xai) looking to tokenize future yields, DeFi yield farmers, and prospective Real World Asset owners. Marketing channels are concentrated in crypto-native communities, and the protocol maintains multiple security audit cycles through Cantina and KTL alongside an Immunefi bug bounty program.
The business model is transaction-based but currently inactive: the protocol is designed to collect admin fees as a percentage of loan interest, but this fee is explicitly set to zero and can only be activated via future governance. The platform also facilitates interest spreads between depositors and borrowers through the WeightedInterestRateModel, with higher-risk tranches receiving greater compensation. MetaStreet has raised approximately $24 million in disclosed funding (a $3M seed in February 2022 and a $10M round in October 2022 led by Dragonfly Capital with participation from DCG, OpenSea Ventures, LedgerPrime, and others), and is backed by NFT influencers including gmoney, dingaling, and Andrew Kang. Cumulative trading volume exceeds $369 million and TVL exceeds $163.8 million across 31,000+ users. The company is privately held and incorporated as MetaStreet, Inc. in Delaware, with operating terms governed by the MetaStreet Foundation.
MetaStreet firmographics
Firmographics- Name
- MetaStreet
- Legal name
- MetaStreet, Inc.
- Website
- https://metastreet.xyz
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MetaStreet is a permissionless DeFi protocol, built by Permian Labs, that provides NFT-collateralized lending with automatic tranching and tokenizes DePIN node yields and NFT airdrops into tradable instruments. It serves crypto-native users across five blockchain networks and has processed over $369 million in cumulative volume.
- Ownership category
- akta.pro rank
Where MetaStreet is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Markets served
MetaStreet business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Protocol Fees (Admin Fees): Admin fees collected from loan repayments as a fixed percentage of total interest. Currently set to zero but can be enabled through governance in the future. Only successfully repaid loans contribute admin fees; defaulted loan fees offset liquidation losses.
- Lending/Borrowing Interest Spread: The protocol facilitates lending transactions where depositors earn yield and borrowers pay interest. The interest rate model distributes varying rates to different liquidity tranches, with higher tranches receiving greater compensation for risk.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
MetaStreet product offering
Product offeringCore offering
MetaStreet is a permissionless DeFi protocol that enables liquidity and yield capture from hard-to-trade on-chain assets (NFTs, DePIN nodes such as GPUs, and Real World Assets) through Object-Oriented Finance (OOF) primitives. It offers two core infrastructure layers: the Liquidity Layer (v2 Pools) — NFT-collateralized lending with automatic tranching via liquidity ticks, and the Yield Capture Layer — tokenizing node yields and NFT airdrops into tradeable YP/NP tokens. The protocol operates as non-custodial smart contracts deployed across Ethereum, Arbitrum, Base, Plume, and Blast, with $163.8M+ TVL.
Product overview
MetaStreet is a DeFi protocol built by Permian Labs that enables liquidity and yield capture from hard-to-trade on-chain assets through Object-Oriented Finance (OOF). The platform consists of two core infrastructure layers: the Liquidity Layer (Pool) for NFT-backed lending with automatic tranching, and the Yield Capture Layer for tokenizing node and NFT airdrop yields. Key products include Yield Pass (NodeFi), which transforms node yields into tradeable tokens (YP/NP), and the Pool protocol for permissionless NFT lending. The ecosystem supports Ethereum, Arbitrum, Base, Plume, and Blast networks with $163M+ TVL and 40+ integrations.
Differentiator
Problem solved
Functional benefit
Products and services
- MetaStreet Protocol A permissionless DeFi lending protocol for NFT collateral with automatic tranching. Enables liquidity and yield capture from hard-to-trade on-chain assets (Objects) through Object-Oriented Finance (OOF) primitives. Targeted at crypto-native users globally via the self-serve web app.
- Yield Pass Transforms node yields or NFT airdrops into tradable tokens (YP and NP), enhancing liquidity and profitability for DePIN node owners and NFT holders in the DeFi ecosystem. Part of the NodeFi primitive.
- Pool (v2 Pool) Permissionless lending pool for NFT collateral with automatic tranching. Organizes lending capital with different risk and rate profiles from depositors into fixed-duration loans for borrowers. Powers the Earn and Borrow functions of the protocol.
- Airdrop Pass Token system that splits NFTs into Yield Token (YP) and Discount Pass (DP), enabling trading of future airdrop claims and discounted NFT purchases.
- MetaStreet SDK Software development kit for tick routing and loan assembly. Implements tick routing algorithm to build optimal loan routes by cost of capital for developers integrating with the protocol.
- MetaStreet Dashboard Web-based interface for monitoring pool performance, tracking deposits, borrows, and analytics for the MetaStreet v2 Pool.
- Yield Pass Dashboard Dedicated dashboard for tracking Yield Pass positions, node deposits, emissions accrued, and claiming airdrops.
Companies that use MetaStreet
Customer profileSegments4 records
Ideal customer profiles4 records
MetaStreet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature8 records
MetaStreet partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- AethircoreDePIN GPU cloud infrastructure provider integrated with MetaStreet's Yield Pass for NodeFi products. Aethir nodes can be deposited to earn yield pass tokens and participate in the protocol's node crystal rewards system.
- XaicoreGaming-focused Layer 2 blockchain integrated with MetaStreet's Yield Pass for node operators. Xai nodes can be deposited to earn swap fees and MetaStreet Node Crystals rewards.
- EthereumcorePrimary blockchain network for MetaStreet protocol deployment. LCTs (Liquidity Container Tokens) can be traded on Ethereum mainnet.
- ArbitrumcoreLayer 2 network where MetaStreet enables lending and tokenizing yield. Primary network for DePIN node integrations including Aethir and Xai.
- NansenminorBlockchain analytics provider. MetaStreet references Nansen's two-part research report on Object-Oriented Finance and NodeFi/GPU Financing as foundational market research.
- CantinaminorSmart contract audit firm that conducted multiple security audits of MetaStreet v2 protocol (October 2023, November 2023, April 2024, and earlier June 2023 audit).
- KTLminorSecurity audit firm that conducted audit of Yield Capture layer contracts in December 2024.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
MetaStreet competitors and assessment
Company assessmentDirect peers
- Blend: Leading NFT lending protocol offering peer-to-peer and pool-based NFT-backed loans; directly comparable to MetaStreet's Liquidity Layer as both build DeFi credit markets on NFT collateral.
- NFTfi: Pioneer NFT-backed lending marketplace where borrowers post NFTs as collateral; comparable to MetaStreet as a direct NFT-collateralized lending product with overlapping user base.
- Arcade: NFT-backed lending protocol offering wrapped NFT collateral and structured loan products; closely aligned with MetaStreet's pool-based, tranched approach to NFT credit.
- Pendle: DeFi protocol that tokenizes and trades future yield via PT/YT tokens; directly comparable to MetaStreet's Yield Pass product which tokenizes node and airdrop yields.
- Spectra Finance: Yield tokenization protocol offering principal and yield token trading; functionally comparable to MetaStreet's Yield Pass in splitting yield-bearing positions into tradable components.
Broad incumbents
- Aave: Largest on-chain money market; a broad DeFi lending incumbent whose expansion into NFT and RWA collateral makes it an indirect competitive threat to MetaStreet's niche.
- Compound: Established DeFi lending protocol with deep liquidity; comparable as a broad lending incumbent exploring new collateral types that could overlap with MetaStreet's structured NFT/RWA credit markets.
Emerging players
- Euler Finance: Permissionless lending protocol supporting a wide range of collateral types including NFTs and synthetic assets; overlaps with MetaStreet's permissionless, multi-collateral approach to DeFi lending.
- Goldfinch: Decentralized credit protocol extending DeFi lending to real-world borrowers and off-chain assets; comparable to MetaStreet's RWA ambitions and structured credit positioning.
- Centrifuge: On-chain credit protocol that tokenizes real-world assets for use as DeFi collateral; relevant to MetaStreet's RWA liquidity vision as an adjacent structured-credit DeFi primitive.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
MetaStreet social profiles
Digital presenceMetaStreet compliance and trust
Trust signalCompliance2 records
MetaStreet financial estimates
Financial estimateRevenue estimate
Valuation estimate
MetaStreet leadership team
Management profileNumber of profiles
MetaStreet funding detail
Funding detailFunding overview
Funding rounds2 records
Investors26 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MetaStreet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MetaStreet
What does MetaStreet do?
MetaStreet is a permissionless DeFi protocol that enables liquidity and yield capture from hard-to-trade on-chain assets (NFTs, DePIN nodes such as GPUs, and Real World Assets) through Object-Oriented Finance (OOF) primitives. It offers two core infrastructure layers: the Liquidity Layer (v2 Pools) — NFT-collateralized lending with automatic tranching via liquidity ticks, and the Yield Capture Layer — tokenizing node yields and NFT airdrops into tradeable YP/NP tokens. The protocol operates as non-custodial smart contracts deployed across Ethereum, Arbitrum, Base, Plume, and Blast, with $163.8M+ TVL.
Is MetaStreet a public or private company?
MetaStreet is a private company. It is classified as venture growth investor backed and is currently operating.
When was MetaStreet founded?
MetaStreet was founded in 2021. It employs 11 to 50 people.
Where is MetaStreet based?
MetaStreet is headquartered in Boston, United States, in the North America region.
How does MetaStreet make money?
Two revenue lines are on record. Protocol Fees (Admin Fees) is the primary driver. The others are lending/Borrowing Interest Spread.
Who are MetaStreet's main competitors?
Direct peers on record are Blend, NFTfi, Arcade, Pendle and Spectra Finance. Broad incumbents are Aave and Compound. Emerging players are Euler Finance, Goldfinch and Centrifuge.
Does MetaStreet have an API?
Yes. MetaStreet provides smart contract interfaces IPoolFactory and IPool for developers to interact with the protocol programmatically. The API is available through their GitHub repository at github.com/metastreet-labs/metastreet-contracts-v2. An SDK is listed as "Coming soon" according to the documentation. Developer documentation is at github.com/metastreet-labs/metastreet-contracts-v2/blob/master/contracts/interfaces/IPoolFactory.sol.