Metis Revolutionizes Transactions with Phase 2 Decentralized Sequencer Upgrade

Metis, an innovative rollup platform, has announced the activation of Phase 2 of its Decentralized Sequencer upgrade, a significant step towards decentralization and efficiency. This upgrade enables the processing of multiple transactions per block and introduces Sequencer Mining, rewarding nodes for their role in transaction processing. Liquid Staking Tokens (LST) providers, such as Artemis Finance and Enki Protocol, play a crucial role in the ecosystem, offering users the opportunity to stake their tokens and benefit from the growth of the Metis network, including access to a range of DeFi use cases.

Metis Unveils Phase 2 of Decentralized Sequencer Upgrade, Revolutionizing Transaction Processing

Metis, the leading rollup platform, has marked a significant milestone in its quest for enhanced decentralization and network efficiency with the activation of Phase 2 of its Decentralized Sequencer upgrade.

Phase 2, implemented through a hard fork at block 16500000, introduces groundbreaking features that elevate the Metis platform to new heights.

Multiple Transactions Per Block and Transaction Pool

Prior to the upgrade, Metis blocks could only process a single transaction. However, Phase 2 now allows multiple transactions to be included in a single block, drastically increasing throughput and reducing transaction latency.

Additionally, the introduction of a transaction pool streamlines transaction processing, ensuring a fixed confirmation time of 2 seconds regardless of network congestion.

Sequencer Mining: Aligning Incentives for Network Participants

Sequencer Mining emerges as a transformative feature in the Metis ecosystem, aligning incentives and promoting fairness among network participants. This mechanism rewards sequencer nodes with $METIS tokens for their critical role in processing transactions on the Metis blockchain.

Sequencer nodes play a crucial role in ensuring block sequencing integrity and maintaining network stability. By incentivizing these nodes, Metis encourages participation and enhances the network's overall performance.

Liquid Staking Token Providers: Powering Decentralization

A crucial aspect of Sequencer Mining involves the participation of Liquid Staking Token (LST) providers. These entities, such as Lido Finance on Ethereum, operate nodes on the Metis network, enabling users to delegate their METIS tokens and receive LSTs in return.

Users can engage with LST providers like Artemis Finance and Enki Protocol to stake their tokens and support the Metis ecosystem.

Artemis Finance and Enki Protocol: Leading the Alpha Phase

Artemis Finance and Enki Protocol have been handpicked as LST protocols for Metis' Alpha Phase. Artemis Finance allows users to stake METIS tokens and receive artMETIS tokens, while Enki Protocol employs a dual-token architecture to provide stakers with seMETIS tokens.

Both protocols play a pivotal role in enhancing the Metis network's decentralization and functionality.

20% Mining Rewards Rate and Metis Liquid Staking Blitz

Sequencer nodes will enjoy a competitive 20% Mining Rewards Rate (MRR) in the first year of operation. The Metis Liquid Staking Blitz (LSB) further incentivizes the growth of LSTs and LST-focused products, providing METIS LST holders with access to a wide range of DeFi applications.

Sequencer Mining Rewards Live: Users Can Start Mining Now

Sequencer Mining rewards are now available to users, with Artemis Finance already operational and Enki Protocol scheduled for a Mainnet launch shortly. Interested participants can deposit and commence mining immediately through the Artemis platform.

Metis: A Driving Force in Blockchain Innovation

With the launch of Sequencer Mining and the ongoing evolution of its ecosystem, Metis solidifies its position as a trailblazer in blockchain technology. The platform's unwavering commitment to decentralization, efficiency, and innovation promises to drive the future of distributed ledger technologies.