Dubai, UAE, April twenty third, 2024, Chainwire
Final month’s launch of Part 1 of the Metis Decentralized Sequencer improve established Metis because the first-ever rollup platform with a decentralized sequencer. Metis has now launched Part 2, which introduces a number of enhancements aimed toward enhancing community incentives and participation.
Amongst different optimistic modifications, Part 2 of the Decentralized Sequencer improve launched essentially the most awaited function updated for the Layer 2 community: Sequencer Mining.
Sequencer Mining will permit customers to lock their tokens through LST suppliers, contributing to the community’s safety. Primarily, these LST suppliers will work together with the Sequencer, and customers will work together with the Liquid Staking suppliers, receiving a Liquid Staking Token that they will reuse in different DeFi dApps or simply maintain. By Metis’ Neighborhood Ecosystem Governance (CEG), the group selected Artemis Finance and Enki Protocol as the 2 LST protocols for the Alpha Part.
Within the first yr, sequencer nodes will profit from a 20% Mining Rewards Fee (MRR), the identical price at which sensible contracts compensate individuals for producing blocks. Moreover, Metis Liquid Staking Blitz (LSB), supported by the Metis EDF (EPA:), will present grants to verified tasks to speed up development. Greater than 220,000 METIS are dedicated in grants for 2024 alone to assist MetisLSB and catalyze development of LST merchandise on Metis. Previous to the official launch of Sequencer Mining, there was notable exercise with LST-related merchandise, together with deployments by Shoebill Finance, Stablis Protocol, and participation swimming pools on Hercules Finance.
Metis has secured necessary partnerships with acknowledged crypto establishments that may assist the community obtain correct decentralization and excessive participation charges on the Decentralized Sequencer.
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Customers can deposit and begin mining instantly by way of Artemis. ENKI can be absolutely launching on Mainnet quickly, however customers can already take part of their “Pre-Staking” program.
About Artemis
Artemis Finance is a liquid staking protocol designed completely for Metis’ Decentralized Sequencer. Customers can stake METIS tokens on Artemis Finance and obtain the liquid staking token artMETIS.
About Enki
Enki Protocol is a Metis-native liquid staking protocol leveraging dual-token structure from protocols like Frax and Lido to implement essentially the most battle-tested LST design to the Metis Decentralized Sequencer. Customers can stake METIS through Enki and obtain seMETIS, whereas the protocol makes use of ENKI for its governance.
About Metis
Metis is an EVM-Equal Layer-2 protocol targeted on bridging the hole between Web2 and Web3. Metis supplies customers with a decentralized and scalable easy-to-use community secured by Ethereum. Metis turned the primary Ethereum rollup to decentralize its sequencer with the launch of Decentralized Sequencer, which reinforces community safety and supplies extra doubtlessly revenue-earning alternatives for customers.
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ContactJamie KingsleyMetisj.kingsley@theprgenius.com
This text was initially printed on Chainwire
