Metis will allocate $5 million for the development of DeFi ecosystem protocols
Date: 2023-09-20 Author: Karina Ziganova Categories: IN WORLD
As part of the program, the project team transferred 100,000 METIS ($1.1 million at the time of publication) to the Aave V3 landing protocol, which operates one of the largest liquidity markets in the DeFi sector.
“The goal of the campaign is to accelerate the growth of the Metis ecosystem by distributing incentives to dapp users and developers. Its key task is to develop existing and deploy new DeFi protocols, starting with Aave V3. Similar programs have been launched in Polygon (L2 DeFi), Avalanche (Avalanche Rush) and OP Mainnet (OP Summer),” commented Metis CEO Tom Ngo.
In addition, funds will be spent:
Automatic market maker Hummus;
Cross-chain bridges Stargate and Synapse;
Decentralized exchange Unimaia.
The Metis team assures that the DeFi protocols incentive program will be the first of many initiatives and endeavors with a wide range of objectives for the rapid, sustainable growth of the project's ecosystem, following a promising plan to rapidly increase network users.
Metis is an L2 platform for scaling Ethereum and deploying smart contracts on the network of the same name.
