EVM-equivalent Ethereum Layer-2 scaling solution Metis has integrated PARSIQ’s blazing-fast Tsunami API, which will provide users with unprecedented access to raw data from the entire Metis chain.

The integration will lift the entire Metis developer ecosystem, which can now access the data they need more quickly and easily than ever before. Developers and projects will have instant access to both historical and real-time Metis blockchain data via filtered and indexed APIs. Utilizing Tsunami’s library of functions will help Metis developers build more robust applications and scale.

Good data is the foundation of a good project, but blockchain data is often messy and difficult to standardize and index. PARSIQ’s Tsunami API works like a shortcut for developers, offering a plug-and-play solution to these complex data problems.

“We are delighted to add PARSIQ to our ecosystem as it is a full-suite data network for building the backend of all Web3 dApps and protocols. Projects like PARSIQ help Metis with its primary goal — facilitating business evolvement from web2 to web3. Now developers working on Metis will have an even easier experience accessing data they need,” — Tom Ngo, Executive Lead of Metis.

“We at PARSIQ love working closely with teams that share our conviction that the future belongs to Web3. That’s why we’re so excited to be integrating Metis. With their dedication to improving the scalability of Ethereum, Metis has built a perfect platform for builders and innovators in the space. They’re the real deal. Together, we’re making it easier for developers to get the tools they need to get building,” —Tom Tirman, PARSIQ CEO.

Metis is currently the most cost-efficient Ethereum Layer-2, offering gas fees 200x lower than those on the mainnet. Having recently deployed Aave V3, and with other exciting DeFi platforms on the horizon, Metis is taking big steps towards becoming integral to the inner workings of Web3.

ABOUT Metis

Metis is an EVM-Equivalent Ethereum Layer-2 protocol focused on bridging the gap between Web2 and Web3. Metis provides users with a secure, decentralized, and scalable easy-to-use network. By combining a robust Layer 2 with on-chain credentials and Decentralized Autonomous Companies (DACs), Metis is building the perfect ecosystem to host open and trustless collaboration, secured by Ethereum.

Metis.io | Twitter 

ABOUT Parsiq

PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API provides blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time and historical data querying abilities. ‘Data Lake’ APIs allow complex data querying & filtering for any project; specifically designed and tailored for our customers’ blockchain data needs.

Website | Twitter

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KORIS is the only end-to-end operational system for DACs, an evolution of the DAO tailored to meet the unique needs of businesses by using smart contracts for company operations. MetisDAO Foundation incubates the KORIS project.

New models are shifting how decentralized companies operate and manage communities. As such the shift from the DAO to the DAC. While the treasuries of the global decentralized industry surged to $16 billion. There has yet to be an efficient way for decentralized companies to manage the day-to-day operations of the workforce.

The DAC evolves the shortcomings of a DAO to create a more useful infrastructure for decentralized entities. Metis considers the shift to the company model. Incubated by MetisDAO Foundation, KORIS is the first and only platform created to meet the unique needs of decentralized companies. That now represents a workforce of close to two million.

“KORIS provides critical technology that opens the door for the future of business and organizations to innovate using the benefits of smart contracts. We are focused on capitalizing this platform to encourage and foster the onboarding of next-generation businesses to bring productive value to the entire ecosystem.”—Pavel Sinelnikov, KORIS Co-Founder and CEO

Current DAO platforms have specialized tools focused on collective decision-making and operation. KORIS provides the infrastructure for Decentralized Autonomous Companies (DACs) with a suite of tools focused on the efficiency of business operations such as task management, community management, and payment management to match the needs of customers looking to launch and grow web3 businesses.

With KORIS, web3 companies have access to the following features:

• Treasury Management with Gnosis Safe infrastructure
• BLS Wallet Integration for gasless transactions
• Discord Integration to easily onboarded communities
• Task Management to help create, modify, and assign tasks to different individuals
• Payment Management to facilitate payments for the completion of tasks
• Governance Tools to manage internal organizational decision making

“With recent outcomes of traditional work models, there is definitely a growing demand for more decentralized organizations with increased management transparency and efficiency. These infrastructures and management models are reflected within a DAC, and KORIS works as a platform to help businesses excel in a web3 space,” —Chelsea Kubo, Co-Founder and COO of KORIS.

KORIS is building for Web3 Founders and core members, contributors, and job seekers, as well as Web2 companies looking to build Web3 communities and companies.

ABOUT KORIS

KORIS is a platform that enables the creation of Decentralized Autonomous Companies (DACs). A DAC is an infrastructure that assists in the management and operation of blockchain-based businesses.

Website | Twitter |Discord

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To deliver the best rates and trade times for swaps, Rubic has integrated Netswap, a one-stop exchange platform for DeFi, as a provider on the Metis chain.

Metis and Rubic

The tokens available from swaps on, to, and from the Metis blockchain are AVAX, BNB, BIFI, BIOS, BTD, BUSD, GTPS, MAI, MATIC, MIM, OH, QI, STND, UNIDX, and wsHUMP, depending on the exact chain.

Metis uses Ethereum tokens for staking and payments. Metis-based Decentralized Autonomous Companies (DACs) accept payments for products and services. METIS tokens reduce spam and build developer-user trust.

Here are the numbers:

• Metis Market Cap $83.9M
• Trading Volume $3M
• Total transactions 4,077,366
• Total blocks 4,077,367

The Architecture of the Metis Smart L2

Metis’ optimistic rollup seeks to speed up and lower transaction costs. Ethereum transactions have become more costly in recent years. Metis L2 rollup uses a fraud-proof, secure, and data-available technique.

You will experience very low gas fees, reduced from around $2–3 to around $0.02–0.14. More importantly, the Metis L2 rollup offers low latency and high availability, which are essential requirements within the Web 3.0 ecosystem and the Ethereum blockchain.

What is Netswap?

Netswap is a decentralized exchange (DEX) that runs on Metis Andromeda (Layer 2).

Netswap uses the same automated market-making (AMM) model as Uniswap. However, unlike Uniswap, Netswap is a native Layer 2 DEX, which will utilize the key features of Metis Layer 2, including low transaction costs, high transaction speeds, and high scalability to support various bridges, Layer 2 native tokens, and more innovations.

Metis and Netswap want to boost the decentralized economy and make blockchain decentralization accessible to everyone. Rubic is excited to work with initiatives that share their goals.

About Rubic

Rubic is a Cross-Chain Aggregator  Rubic offers On-Chain and Cross-Chain exchanges for Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Gnosis, Fuse, Celo, Optimism, Moonbeam, OKC, Boba, Tron, Moonriver, Cronos, and Bitcoin with seamless fiat on-ramps and more!

Website | Twitter

About Metis

Metis is an Ethereum Layer 2 Rollup platform that offers simple and fast smart contract deployment within the network. Metis provides several solutions to solve the challenges in mainnet Ethereum, including transaction speed, cost, and scalability.

Website | Twitter

SOURCE: https://cryptorubic.medium.com/metis-netswap-and-rubic-running-decentralized-economies-28d5360884ad

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Besides introducing some of the Top DeFi protocols by TVL to its ecosystem, the Marathon will also help create a native powerhouse by directly incentivizing some of Metis’ most innovative native dApps.

Furthermore, Metis’ open-source and EVM-equivalent nature allows any dApps to seamlessly deploy on its network. Through their less-than-a-penny transaction costs, Metis is truly the best alternative among current L2s for compounding yield strategies, NFT minting & trading, heavy-throughput games, and the list goes on.

By combining these EVM-equivalence and open-source upsides with Web3 reputation, DAC infrastructure, the cheapest transactions among all L2s, and a 6-month builder incentive program

The Metis Marathon Builder Incentive Program RED HOT, welcoming to Metis Andromeda nothing less than SUSHI SWAP!

Metis Marathon inaugurates three protocols. These are Sushiswap, and two other protocols will be announce in the upcoming weeks. Moreover, the Metis Marathon did not limit in any way to this “Big 3”. But instead just being kick-off by them. Throughout the 26-week builder incentive program, small, medium, and large protocols will be incentivized and will have the chance to apply for grants and/or funding.

ABOUT Metis

Metis’s vision is to accelerate the transition of people to blockchain for open, fair, and decentralized business on Web 3.0. Its mission is to create an easy-to-use technical and organizational platform. Making blockchain accessible to everyone, and empowering both personal and professional lives.

Metis is a decentralized economy platform to start, run, and grow any decentralized app, business, and community on the blockchain with ease and scalability.

Website | Twitter

RESOURCES

Medium

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O3 Interchange Deployed On Metis — Interchange, is going to officially launch the Metis Network starting from July 15th at 4 AM UTC. Meanwhile, the liquidity mining of LP-Metis, LP-WETH, LP-m.USDC, LP-m.USDT, LP-O3 on Metis and LP-Metis on ETH will also start for celebrating the integration. From 15th, you can freely swap assets between Metis and any ecosystem on O3 Interchange to experience the seamless cross-chain!

Get ready to earn the high APR to get $O3 rewards!

Stake LP tokens to Earn $O3

Stake starts at: 7/15 4:00 AM (UTC)
Rewards start at Timestamp: 1657879200 (7/15 10:00 AM UTC)
O3 Contract Address: 0xEe9801669C6138E84bD50dEB500827b776777d28

Metis

LP-Metis Contract Address: 0x9a6e92763D8be353933939d779b1D47AA96457b2

LP-WETH Contract Address: 0x28e9647Cea31210a013Fd3A91278f9F93028d590

LP-m.USDC Contract Address: 0x8236e95c883cC515c47eA223B385A882B83f104d

LP-m.USDT Contract Address: 0x138d04b4d678f0d821250Ac394A6b77980E20aEd

LP-O3 Contract Address: 0x64C40B700a9796906C8FD0b140E09f8d68998A3c

Ethereum

LP-Metis Contract Address: 0x7AA639A2e00245D2aE71faf75d84E68172D31E6E

Guideline to add the liquidity and stake LPs for farming:

1. Go to https://v2.o3swap.com/hub. Select the pools that you want to deposit. Click on the pool tab to select Metis and click “+”.
2. Input the number of token, or ptoken, or the numbers of both token and ptoken that you want to deposit into the pool. Then click “Deposit” to continue the transaction, and click the “Confirm” button in the pop-up window of your wallet extension or app to submit the transaction.
3. After the transaction, you will receive an amount of LP tokens representing the liquidity you deposited.
4. Go to https://v2.o3swap.com/vault, switch to the Metis and find the staking pool corresponding to your LP tokens, then click “Stake”.
5. Input the number of LP tokens, then click “Confirm” to continue the transaction. If it is the first time your wallet or the token you select is used, you need to click on the “Approve” button at the pop-up window. Then click “Confirm” again. The final step is to click confirm in the pop-up window of your wallet extension or app.

About Metis

Metis is an open protocol and the Metis Andromeda network is open to any developer or team that wants to launch a DApp, token, or any other kind of project on our EVM-Equivalent platform. Some of these projects may also choose to incorporate the Metis name into their own. However, Metis does not support or endorse any of these DApps, tokens, or projects, unless specifically indicated by MetisLabs Foundation and its team members.

Website | Twitter |

About O3 Swap

O3 Swap is a cross-chain aggregation protocol, allowing users to access multi-chain liquidity sources on one platform.

Website | Twitter |

Source

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Genesi is an on-chain investment DAC part of the Ecosystem Development Program that provides support to projects utilizing the Metis Ecosystem.

The investors or DAC members have the responsibility of allocating the $100 million to chosen projects. Together, Metis and Genesi DAC help launch and scale onboarded projects with high potential in building Web3.

Genesi DAC’s Selection Proces

Moreover, Genesi DAC serves as a booster for newly onboarded projects in the Metis Ecosystem. Then eligible teams are provided with funding, network opportunities, and industry resource support.

In addition, committee votes are in need for a project to pass. Once passed, general members of the DAC can make an individual-based investment towards the project. In other words, funding and support are given by DAC members rather than Genesi DAC as a whole. In addition to Metis, other DAC members include Digital Finance Group, Waterdrip, OKX Venture, M6, and Metabull, all investor partners of Metis.

Projects Genesi DAC is Looking For:

Furthermore, Genesi DAC is currently looking for projects across a large range of blockchain sectors that would be built on Metis. This includes but is not limited to DeFi, DAOs, NFTs, metaverse, gaming, infrastructure, and launchpad. Metis, regarding ecosystem development, has a goal to build a community that “offers technology, marketing and funding opportunities for projects.

Moreover, the projects chosen should also have a proven track record with concrete progress on current or past work relating to their projects. The teams of the projects should have a strong “focus and skill set.” Furthermore, one of the most important selecting criteria is scaling potential. Furthermore, the goal for the platform is to continually expand Web3, and in doing so, host a diverse group of projects, not just defined in one single area.

According to Natalia, Genesi DAC is specifically looking for:

• A unique project adding value to the Metis Ecosystem
• Strong market (should meet the functional needs, desires, and goals of the target audience
• Well thought out, economically feasible, and sustainable business model
• Strong team with a proven track record and the right skills

Future Genesi DAC x Metis Involvement

In Q3 and Q4 of the second half of 2022, Metis will be prioritizing new product launches and mass adoption, accompanied by the help of Genesi DAC.

As part of their new governance model, Metis is employing “Commons” and “Eco Nodes” as governance structures. While Commons make proposals, Eco Nodes cast votes for final decisions. In addition, Genesi DAC includes in the whitelist for Eco Nodes in Q4.

Metis’ primary goal is to develop its version of an accurate Web3 application. It is decentralize, individual-centric, and Reputation-Power base in turn. Building a “synergistic” ecosystem. In creating this ecosystem, Metis is planning to launch new programs for gaming, metaverse, infrastructure, etc. with the collaboration of Genesi DAC.

ABOUT Metis DAO

Metis is a decentralized economy platform to start, run, and grow any decentralized app, business, and community on the blockchain with ease and scalability.

Website | Twitter

RESOURCES

Medium

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