Metis is the first Layer2 running a decentralized sequencer!
This achieves full decentralization in Layer 2 networks, eliminate single points of failure, and properly align incentives across all network participants.
The Metis Liquid Staking Blitz (LSB) aims to accelerate the growth of LSDs and LSD-focused products on our Layer 2 network by leveraging the 4.6M METIS Ecosystem Development Fund.
20% Mining Rewards Rate (MRR)
A limited number of LSD applicants will win the right to be paired with a Decentralized Sequencer Node, opening up liquid staking to a pool of up to 100,000 METIS tokens per node.
For the first 12 months, a 20% Mining Rewards Rate (MRR) will apply to all sequencer nodes.
The MRR will be an incentive for LSD platforms to apply for a node allocation.
After successful completion of the Community Testing on the testnet, we are ready to move to the next step and enable Decentralized Sequencer on the mainnet. Read more about the governance procedures related to the Decentralized Sequencer.
Metis Sequencer node, which includes modules such as L2Geth, OP-node, batch submitter, and MPC node, responsible for multi-signature key and submitting transactions to L1.
PoS Node
The decentralized solution's newly added PoS node (tentatively named POS, subject to change). The core business is the processing logic of the decentralized solution.
Tendermint
A component used for P2P communication and reaching consensus among multiple nodes, provided by the open-source cosmos-sdk project.
Locking
A smart contract on the Ethereum network responsible for lock-up and list maintenance of decentralized nodes.
By participating in the consensus process, Sequencer play an essential role in maintaining the network’s decentralization, transparency, and stability.
Security
With multiple nodes or entities participating in sequencing, it becomes more challenging for malicious actors to control or compromise the order of transactions.
For the Sequencer
Rewards
Sequencer nodes have the opportunity to earn METIS tokens as rewards for their role in block production and transaction processing within the network.
Community
Active participation can increase recognition within the community, creating possibilities for future collaborations, and potential partnerships.
