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Exciting news! The Metis governance community has given the green light for the integration of Omni's cutting-edge Open Liquidity Network solutions! This is a promising development for Metis and Omni, as we embark on a new collaboration. Together, we aim to support a test version of the $METIS xERC20 tokens, which will revolutionize how Metis tokens are bridged to other networks.
This collaboration is a game-changer for Metis users, making the bridging process more user-friendly and streamlined. With this innovation, Metis users can effortlessly bridge their native $METIS tokens across any supporting chains without the need to convert them into different tokens. This significant enhancement not only simplifies the process but also expands the flexibility and accessibility of $METIS tokens.
Omni is a platform designed to link up all of Ethereum's rollups, giving developers the power to create applications that work seamlessly across various Layer 2 networks. Rollups have been a game-changer in reducing costs, but they've led to a split, spreading out users, their funds, and their apps over different rollup options. Omni clarifies this confusion with its innovative “restaking” technology, offering a secure and straightforward path for developers to craft applications that can easily move between rollups.
Omni is preparing for its next testnet and collaborating with several projects including Injective, Flow, Sei, Sushi, and more. They are embracing existing open standards such as xERC-20 and pushing for new ones. These standards will allow tokens to be easily accessible across all EVM chains. Omni plans to launch several gamified apps on their testnet to test these standards before their mainnet launch.
Metis is excited to collaborate with Omni, providing support to create a test version of the $METIS token, known as xERC20, on leading platforms such as Arbitrum, Optimism, and Polygon, all within a test environment. This initiative is designed to enable Omni to thoroughly test their network before its official debut.
To make things even more interesting, a series of missions are available on the testnet, allowing users to delve into the mechanics of transferring these xERC20 tokens across various rollup platforms. Omni has crafted a collection of applications with a unique, game-like approach to facilitate this process, aiming to draw more attention to Metis. Through this collaborative effort, Metis is set to expand its reach and connect with new networks, marking a significant step forward in its growth and development.
xERC-20 enables tokens to be deployed directly onto any Ethereum Virtual Machine (EVM) compatible blockchain, ensuring a smoother and more integrated experience.
The need for wrapped or bridged tokens is removed, simplifying the token usage process and reducing the steps required for users to operate across different chains.
Liquidity becomes unified across all chains, enhancing the ease and efficiency of trading tokens and improving the overall market health.
Users can access and use $METIS native tokens on any supporting chain without the need for conversion or special processes, offering greater flexibility and convenience.
Opens the door to seamless interoperability between various blockchain networks, facilitating smoother transactions across the ecosystem.
We are thrilled to witness the widespread adoption of this innovative technology, which will make it possible for Mettis users to transfer $METIS across various networks using the xERC20 standard. This will create a more interconnected blockchain ecosystem, helping us to push the limits of decentralized finance and beyond in the future.
Make sure to stay updated on Omni's launch on Mainnet by following them on their website and social media channels.
Website: https://omni.network
Docs: https://docs.omni.network
Blog: https://blog.omni.network
Twitter: https://twitter.com/OmniFDN
