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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MetisDAO (METIS) has been stumbling since early May after the asset fell from the $30 mark. However, as the heat around the Poly Network exploit cools, the METIS price witnessed a notable rise. METIS, the native token
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Decentralized liquidity protocol Aave has deployed on Ethereum (ETH) layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) features and products to its ecosystem.Aave’s community recently voted in favor of a proposal deploying on zero-knowledge (zk) proof EVM zkSync, paving the way for the DeFi protocol to tap
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The network will offer 100,000 native metis (METIS) tokens as a liquidity mining incentive for Aave users on the network that will be distributed over a six-month period. Elsewhere, a token mining reward program will distribute 4,000 METIS to participating protocols commensurate with the percentage of monthly transactions generated. Source
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LayerZero is among a handful projects aiming to avoid the pitfalls of traditional cross-chain bridges, the typical (and oft-exploited) method of swapping assets between blockchains. Almost 50% of the attacks affecting cross-chain bridging protocols in the DeFi ecosystem occur on cross-chain bridges, Stargate said in the statement, citing recent studies. Original
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A growing industry of rollup technologies seeks to address Ethereum’s key scalability issues of slow throughput and high transaction or gas fees. Rollups bundle a large number of transactions off the main blockchain and then return the bundle to Ethereum for recording. There are two types of rollups: Zero-Knowledge, which
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Metis, an Ethereum (ETH) Layer-2 scaling solution powered by Rollup technology to enhance dApps, DAOs, and NFTs for the Web 3.0 economy, has deployed its Mainnet Andromeda. The launch has come after the project began as a hard fork or backward-incompatible variation of the Optimism protocol. The team has also
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Metis can drastically decrease the wait time between layer-two and layer-one network communications.As the most widely adopted decentralized smart contract platform, Ethereum is a dApp powerhouse, but it has become a victim of its own success. Metis is launching a layer-two solution on top of the Ethereum network to mitigate
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