January was a whirlwind, but February has been unprecedented! At ETHDenver, we unveiled strategic partnerships set to catapult Metis into a new era as a superfluid, self-sustaining blockchain. Additionally, we're excited to highlight the month's top 5 performing Dapps and announce that Builder Mining rewards have been distributed to each. There's plenty to cover this month, so let's dive in.
At ETHDenver, Metis CEO Tom Ngo captivated the audience with a visionary speech, announcing strategic partnerships poised to evolve Metis into a superfluid and self-sustaining blockchain ecosystem.
For comprehensive details on these announcements, click here.
To experience Tom’s speech from ETHDenver, click here (Timestamp 4:02:49 - 4:21:40)
February 2024 marked a pivotal moment for Metis, as it concluded Season 2 of its Community Testing with remarkable participation. Over 300,000 contributors actively engaged, executing more than 11 million transactions on the Metis testnet. Through interactive activities, like the "spin-the-wheel" feature and completing challenges on Enki, participants amassed over 4.6 billion XP points.
Though the community testing phase has concluded, the journey is far from over. Metis Layer 3 quests offer an exciting opportunity for users to continue earning points on mainnet and unlock substantial rewards. Regardless of whether you're a newcomer to Metis or a seasoned participant from the early days of community testing, Layer 3 presents a fresh chance to achieve great rewards.
Check out a wrap up for community testing here
With the close of Community Season 2, we're stepping into an exciting new phase. Now is your chance to claim your exclusive community NFT! Securing this NFT is a crucial milestone on the journey to Sequencer Decentralization, marking your achievement and unlocking the door to future rewards. Don't miss out on this opportunity to claim your NFT and potential rewards ahead.
User guide - How to claim your NFT
LSB aims to accelerate LSD growth in the Metis ecosystem through Sequencer Mining and Ecosystem Grants, focusing on LSD-focused products and dApps with a composable nature. The initiative seeks to attract liquidity providers and drive innovation, supported by grants for deploying native Metis dApps, to improve ecosystem composability, liquidity, and reward structures.
Get ready for the Liquid Staking Blitz. For the first 12 months, a 20% Mining Rewards Rate (MRR) will apply to all sequencer nodes. The MRR is the rate at which smart contracts reward lockers for block production.
Learn about Metis Liquid staking Blitz
Metis proudly co-hosted the opening party of ETHDenver 2024, taking great pride in being a sponsor for one of the largest crypto events in the industry. This opportunity allowed us to connect with numerous developers and partners, sharing our visions and insights. Beyond the opening festivities, Metis also organized the "Metis & Frens Dev Day," an exclusive workshop at ETHDenver in collaboration with Chainlink, Cookbook, and more. This session was dedicated to demonstrating the deployment process on Metis and utilizing a variety of tools, showcasing our commitment to fostering innovation and collaboration within the blockchain community.
Metis is excited to announce the forthcoming Metis MarchDrop, an initiative designed to reward users who engage in on-chain activities. This program aims to demonstrate the extensive utility and opportunities offered by their leading partner dApps, which will further enrich the vibrant Metis ecosystem. Following the success of the Community Testing for the decentralized sequencer and the ongoing Metis Layer 3 Quest, MarchDrop promises an exciting journey with ample chances to earn points and receive rewards.
Discover how the MarchDrop announcement can accelerate your points earning! Read the article
MarchDrop's launch date is a surprise, but it will take place in March. Stay tuned to the updates on X.com/MetisL2
Explore the key developments in the Metis ecosystem from February - a month filled with significant announcements poised to propel the Metis ecosystem to new heights.
Metis announced a strategic alliance with Ethena, addressing the soaring demand for yield-generating assets. Leading the wave of innovation, "Synthetic fiat" emerges with vast growth prospects. This collaboration signifies a pivotal transition into a groundbreaking era of blockchain assets, with Metis enhancing Ethena’s ability to offer premier yields, thereby reshaping the narrative around fiat currency and its traditional constraints.
Read the full article here.
The Metis ecosystem is entering an exhilarating phase! Metis joined forces with Connext, a leader in cross-chain bridges and liquidity solutions. This collaboration brings unparalleled flexibility, diverse options, and innovation to the Metis community, going beyond simple bridge integration to highlight Connext's unique role in the blockchain sphere. The integration enhances blockchain interoperability, allowing users to easily bridge funds across multiple chains and access new liquidity pools for seamless interconnectivity.
Explore what Connext brings to the Metis ecosystem.
Metis partnered with Nodies to ensure the successful launch of Community Testing Season 2. Tasked with managing Metis's Sequencer, Nodies delivers high-performance RPC services essential for developers. This collaboration underscores our commitment to offering a robust and scalable infrastructure, enhancing the development and deployment journey within the Metis ecosystem. Working in tandem with Nodies, we are dedicated to advancing our testing efforts. Additionally, Nodies now supports Metis Mainnet.
METIS incentives return to Synapse pools, promising users a swift, simple, and effective bridging experience across various chains. This initiative aims to boost ecosystem accessibility and ensure smooth transactions. With METIS incentives renewed, users can expect enhanced liquidity and easy bridging of ETH and stablecoins. Synapse's platform offers secure and adaptable solutions for cross-chain exchanges, multi-chain gaming, and more.
Ready to explore seamless bridging with Synapse? Begin your journey and bridge to Metis today!
Read the full blog to dive deeper into these updates.
Metis METIS Incentives Live on Synapse
The Metis community has approved a collaboration with Omni to incorporate its Open Liquidity Network, facilitating easier token bridging. This partnership will debut a test version of $METIS tokens (xERC20) across multiple networks, removing the conversion requirement and improving user access. Omni's commitment to interoperability across Ethereum rollups and its partnerships aim to streamline token transfers across EVM chains, simplify cross-chain transactions, consolidate liquidity, and boost connectivity within the blockchain ecosystem.
Read the full blog for more details on this exciting development:
Watch our February sessions on YouTube for expert insights and the latest from the Metis ecosystem!
Join Víctor Muñoz and Rami Husami in the first episode of their show as they explore Layer 2 solutions and decentralization. This episode provides an insider's look at Metis' Sequencer Innovation and delves into the nuances of Layer 2s to shed light on this vital aspect of blockchain technology.
The AAVE protocol is an open source, non-custodial liquidity protocol, and the Aave app, an interface for users to interact directly with the protocol.
MaiaDAO is a community owned DeFi suite with a Concentrated Liquidity AMM and a ve(3,3) DEX deployed on Metis.
LayerZero is an interoperability protocol that connects blockchains (50+ and counting), allowing developers to build seamless Omni Chain applications, tokens, and experiences
Netswap is a decentralized exchange and launchpad powered by Metis.
Tethys is a one-stop perpetual DEX allowing users to trade ETH, BTC, AAVE, and METIS with up to 50x leverage.
Searching for the ideal ecosystem to kickstart your next major project? Discover Metis, where we support our ecosystem builders at every turn. Join us and take advantage of our Builder Mining Rewards program, offering retroactive funding to ensure both immediate and sustained success for vital public goods in the Metis Ecosystem. Don't let this opportunity pass you by – learn more about Builder Mining Reward and become a part of the Metis ecosystem today!
