We’ve had our heads down building over the past several weeks, and so we are now extremely pleased to announce that Trident is currently live on Metis! This means that you can now spin up pools and utilize Onsen farms on the brand new L2 rollup, all while still using the familiar Sushi UI you know and love! Metis is an optimistic L2 rollup that has just hit the scene, and we’re excited to provide our users easy access to it and roll out some juicy new rewards for them - let’s dive in!
What is Metis & Why Do I Care?
Metis (pronounced mee-tis) is an optimistic L2 rollup; as a quick refresher on terminology, the “optimistic” aspect is derived from the consensus mechanism the protocol has: it bundles (“rolls up”) transactions then submits that bundle to the Ethereum mainnet. The transactions are considered valid (optimism!) until proven otherwise by a network of checks and balances (read: validators with skin in the game). What distinguishes Metis in particular from other optimistic L2 rollups is that they are not simply trying to become just another rollup - they want to become a full-blown Web3 hub. Boasting features such as Polis, a no-code template that abstracts away smart contracts, and full IPFS integration for file storage (along with private access to the data), Metis is poised to become a major player in the onboarding of Web2 companies, big and small, to the space. You can read more about the Metis network here.
Trident Benefits the Entire Ecosystem
With Trident now live on Metis, any of our users can begin creating and utilizing the new pools there, just as they can on the other chains Trident calls home. Because Trident is so flexible, users have a score of options when setting up pools, including the choice of oracle and the fee tier they want to implement, as well as the overall pool type itself. Additionally, this now means that all Dapps on Metis can use our TWAP (time weighted average price) oracles as well!
Though this is all very exciting in and of itself, it is not, in fact, the only product from the Sushi suite coming to Metis: Furo is coming shortly as well! Soon, DAOs can use Furo’s streams on Metis to pay salaries and create vestings and cliffs, making Furo a one-stop shop for any and all payroll needs. On top of all of this, we also just recently released SushiXSwap, our cross-chain AMM, which enables you to make quick, trustless swaps between chains without all the fuss; Metis will soon be added here as well, bringing us all one step closer to the cross-chain future.
The Road Ahead
We here at Sushi are obviously pumped for the future with Metis, and are honored to be one of the first DEXes deployed there. We invite all developers and protocols deploying on Metis to set up pools on Trident and leverage its benefits; remember, pools on Trident have the potential to be included as an Onsen farm as well, giving great visibility and incentivizing users to learn more about and use the aforementioned token(s) with additional $SUSHI rewards. This is not the end as well: keep a close eye on the Sushi social channels, we have a ton of things planned!
If you still have more questions regarding Trident on Metis, setting up Trident pools, or just want to learn more about it all in general, feel free to slide into the Discord and ask our Samurais for help or visit one of the links below:
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