Metis, the second-tier Ethereum scaling solution, launches DAC staking plan

MetisIt is an Ethereum (ETH) layer 2 expansion solution supported by Rollup technology, used to enhance the dApp, DAO and NFT of the Web 3.0 economy, and its mainnet Andromeda has been deployed. The project was launched after the project started as a hard fork or backwards-incompatible variant of the Optimism protocol. The team also launched a pledge plan.

In another major announcement, the developers pointed out that the Metis DAC creation and pledge plan will begin on Friday, November 26, 2021 at 3 pm UTC.The team has shared A detailed guide that describes everything you need to know to participate in a mortgage plan. They are also happy to announce the first Metis community DAC: Titans DAC, which will work on various community and charity-centric projects.

To keep things going smoothly, there will be a set of 15 launch NFTs. As mentioned in the update, as of 2pm UTC on Friday, November 26th, holders of these non-fungible tokens will be able to significantly enhance the DAC pledge plan, governance rights and privileges within Titans DAC. Metis IRL incident.

Benefits of Rollup technology

The Metis team pointed out that using Rollup technology has certain advantages. It enables Optimistic Rollup to bring together many different transactions to provide a faster, more economical and highly scalable user experience.

With the latest version of OVM 2.0 and the documentation provided by the Optimism team, it is obvious that their planned development roadmap has undergone a considerable change: Optimism will not provide sufficient decentralization, which is what the project originally set to achieve .

Highly concerned about decentralization

Metis will still follow the Optimism architecture, but will not give up decentralization for the sake of adding a little convenience, and will continue to strive to provide a high level of scalability. Metis outlines a three-pronged approach to make the blockchain “accessible to everyone”

Metis intends to support the layer 2 Ethereum Rollup solution to facilitate faster and cheaper transactions. They will also focus on developing no-code middleware utilities to achieve rapid migration to Metis layer 2.

Metis also supports the decentralized autonomous company or DAC infrastructure, which will go beyond the basic voting and governance of the DAO. This should allow users to deploy decentralized services on the chain and be supported by the typical functions of “real world” companies.

Provide adequate decentralization within the EVM equivalent framework

Metis pointed out that they will be able to achieve the goal of decentralization within the EVM equivalent framework. They added that they have identified a way to achieve decentralization while achieving EVM equivalence. They also confirmed that this path matches the design of the Metis Ranger system (as described in their white paper).

The extensive Andromeda structure includes the layer 2 network. It also comes with a multi-virtual machine, which is a decentralized virtual machine to support the enhanced scalability and security of the Metis layer 2 infrastructure. Transaction costs on Andromeda will be lower than Ethereum Layer-1 level, however, they will be quite high (currently about 1-2 USD). Metis also confirmed its plan to actively participate in the Ethereum Layer-2 battle with a USD 100 million ecosystem fund.

Metis has now joined a fast-growing movement in which Arbitrum and Optimism have been industry leaders. The fund will be provided and maintained through a decentralized autonomous company called Genesi to support initiatives to join the Metis ecosystem. According to reports, Genesi will be allocated to decentralized finance (DeFi), games, and DAO-focused projects.

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