Deep Dive Into Metis

TotemFi is proud to announce our integration with Metis, the Layer-2 Ethereum solution that aims to solve no less than six of Ethereum’s challenges:

  • Simplicity
  • Speed
  • Storage
  • Scalability
  • Security
  • Savings

Who are the Metis Team?

The Metis leadership team is comprised of experienced and talented individuals who are committed to enhancing the potential and actual results of web3 using the Optimistic Roll-up to develop the Ethereum blockchain.

What is Metis?

They say an image speaks 1000 words

In a nutshell, Metis is an open protocol for use by any developer or project looking to take advantage of Optimistic Roll-up technology to launch dApps, tokens or similar projects.

Who is Metis for?

Metis has three primary audiences:

  • Blockchain developers who aren’t looking for expensive costs such as transaction fees
  • App developers & builders looking to take advantage of the blockchain without complexity and challenges
  • Everyone else! Wait times, fees and usability are holding back the mainstream adoption of web3 and Metis seeks to address this directly

$METIS Tokenomics:

Source: https://www.coingecko.com/buzz/what-is-metis#7

What is Andromeda?

The Metis Andromeda Network is the Metis mainnet that is commited to decentralisation and EVM equivalency.

The mainnet supports the creation of DACs (Decentralised Autonymous Companies) and staking of the $METIS token.

There will be a bridge from Ethereum to Metis Layer-2 that at first only supports the $METIS token but over time will offer more, including NFTs.

Benefits of using Metis

Put simply, the Metis network offers lower fees, faster transaction times, more usability and features along with increased storage and scalability. It also includes layered security.

Working with TotemFi:

Metis’ integration with TotemFi will allow for a true relationship to be built around community, staking, prediction rewards and access to liquidity.

Learn more:

You can learn more about our new friends Metis by checking out the links below.

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