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NewsBTC 2021-11-25 12:37:05

Layer-2 Ethereum Scaling Solution Metis Introduces DAC Staking Program

Metis, an Ethereum (ETH) Layer-2 scaling solution powered by Rollup technology to enhance dApps, DAOs, and NFTs for the Web 3.0 economy, has deployed its Mainnet Andromeda. The launch has come after the project began as a hard fork or backward-incompatible variation of the Optimism protocol. The team has also launched a staking program. In another major announcement, the developers noted that the Metis DAC Creation and Staking program is set to commence on Friday November 26, 2021 at 3 pm UTC. The team has shared an extensive guide on everything you need to know to take part in the staking program. They are also pleased to announce the first Metis Community DAC: Titans DAC, which will work on various community- and charity-focused initiatives. To get things rolling, there will be a set of 15 Launch Edition NFTs. As noted in the update, holders of these non-fungible tokens, as of Friday Nov 26, 2 pm UTC, will be able to earn large boosts in mining power for the DAC staking program, Governance Rights within Titans DAC, and special privileges at Metis IRL events. Benefits of Rollup Tech The Metis team notes that there are certain advantages of leveraging Rollup technology, which enables Optimistic Rollups to pool together many different transactions to provide quicker, economical, and highly-scalable user experiences. With the latest OVM 2.0 version and the documentation that the Optimism team provided, it has become clear that t...

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