December 4, 2024 (Toronto, ON) – Ethereum Layer-2 scaling resolution Metis introduced at the moment that OKX, a number one cryptocurrency trade, has joined as its latest decentralized sequencer node supplier. This marks a major milestone in Metis’ efforts to strengthen decentralization and community safety, with OKX changing into the fourth unbiased supplier and the tenth total sequencer node.
As a part of the collaboration, OKX staked 20,000 METIS tokens—valued at roughly $494,000 primarily based on present market costs—via its OKX Earn product. This brings the entire METIS tokens locked within the community to 493,125.92, enhancing the platform’s financial safety whereas lowering circulating provide.
Institutional Endorsement of Decentralized Options
The inclusion of OKX underscores rising institutional confidence in Metis’ decentralized infrastructure and its revenue-sharing mannequin. Tom Ngo, Government Lead of Metis, commented on the partnership:
“The addition of OKX as a sequencer node operator is transformative for Metis. Their international attain, technical experience, and important dedication to our ecosystem sign robust institutional confidence in our decentralized future.”
This transfer additionally highlights how Web3 organizations can contribute to the operational stability of Layer-2 networks whereas benefiting from token rewards.
Decentralized Sequencer Nodes: A Key Innovation
Metis’ decentralized sequencer mannequin permits customers and establishments to safe the community by staking tokens, collaborating in transaction sequencing, and incomes rewards. Launched because the first-ever decentralized sequencer for Ethereum Layer 2, this method has performed a pivotal function in Metis’ efforts to align group incentives with operational safety.
Metis’ Co-Founder, Elena Sinelnikova, described the broader implications of this mannequin:
“Decentralization is on the core of our imaginative and prescient. Every partnership, just like the one with OKX, brings us nearer to creating a really community-driven and safe community infrastructure.”
In regards to the Members
Metis Community: Specializing in Ethereum Layer-2 scaling, Metis goals to realize full decentralization whereas sustaining safety and scalability. Its distinctive method integrates group governance and shared community possession to foster ecosystem alignment.
OKX: Established as a cryptocurrency trade, OKX has since expanded into a world Web3 participant with choices together with wallets, blockchain explorers, and institutional companies. Recognized for its strong safety and technical infrastructure, OKX brings substantial experience to its partnership with Metis.
Notably, the collaboration exemplifies how decentralized networks can evolve by leveraging institutional participation. Further particulars concerning the decentralized sequencer mannequin and its advantages will be discovered at sequencer.metis.io.
