Metis Emerges as Leader in Decentralized Sequencer Technology, Launching Phase 2 Upgrade

Metis has launched Phase 2 of its Decentralized Sequencer upgrade, introducing sequencer mining, transaction pools, and multiple transactions within a block. This upgrade enhances network resilience and user experience, as sequencers can now earn rewards for processing transactions, and transactions are processed in fixed intervals even during spikes. To incentivize participation, Metis has established a 20% Mining Rewards Rate (MRR) for the first year.

Metis Ascends as a Forerunner in Decentralized Sequencer Technology

In a significant milestone for the Ethereum Layer-2 ecosystem, Metis has successfully completed Phase 1 of its Decentralized Sequencer upgrade and is now embarking on the highly anticipated Phase 2. This evolutionary journey has positioned Metis as the trailblazer in decentralized sequencing, introducing novel features such as sequencer mining and liquid staking.

Phase 2: Unlocking the Power of Sequencer Mining

Phase 2 heralds the advent of sequencer mining, a transformative mechanism that empowers sequencer nodes to earn METIS tokens for their diligent work in processing transactions and generating blocks on the Metis network. These nodes are strategically distributed across the globe, ensuring decentralized control and resilience.

Liquid Staking: Expanding DeFi Horizons

Complementing the sequencer mining paradigm is the introduction of liquid staking. Liquid Staking Providers (LSTs) act as guardians of the network, allowing users to contribute their tokens and receive liquid staking tokens in exchange. This symbiotic relationship creates opportunities for METIS LST holders to actively engage in DeFi activities on the platform through liquidity pools, lending facilities, and collateralized debt positions.

Incentivizing Participation: 20% Mining Rewards Rate

To foster widespread participation in sequencer mining, Metis is implementing a generous 20% Mining Rewards Rate (MRR) for the inaugural year. This incentive aims to attract a diverse pool of participants, further decentralizing the network and boosting its robustness.

Enhanced Transaction Handling: Multiple Transactions within a Block

As part of the Phase 2 enhancements, Metis now supports multiple transactions within a single block, a significant departure from the previous limitation of one transaction per block. This innovation effectively increases the capacity of the network, accommodating a higher volume of transactions while maintaining a consistent confirmation time of two seconds.

LST Provider Selection: Artemis Finance and Enki Protocol

Metis' Community Ecosystem Governance (CEG) has meticulously selected Artemis Finance and Enki Protocol as the initial LST providers for the Alpha Phase. These esteemed partners are entrusted with operating nodes and facilitating liquid staking for users, ensuring a seamless and secure experience.

Strategic Partnerships Fueling Growth

To bolster its decentralized vision, Metis has cultivated strategic partnerships with leading crypto institutions. These alliances aim to accelerate the network's growth, attract a wider community, and realize the promise of a robust and accessible decentralized sequencer system.

Conclusion

With the successful completion of Phase 1 and the ambitious goals set for Phase 2, Metis is poised to revolutionize the Ethereum Layer-2 landscape. The introduction of decentralized sequencing, sequencer mining, liquid staking, and multiple transactions within a block empowers Metis to deliver scalability, security, and enhanced user experience. As the network continues to evolve, Metis is firmly on the path to becoming a cornerstone of the decentralized future, unlocking a myriad of opportunities for the Ethereum ecosystem and beyond.