Key Highlights — Ecosystem Growth Fund, Meridian Lend and Symmetric DEX Partnerships
Meterians,
Welcome to the Meter Monthly Newsletter, a window to the ‘Meter’verse and its thriving ecosystem. At Meter Foundation, our primary focus is on fostering network growth and providing critical support for the development of new dApps and a better experience for our users and developers. Gear up as we drive incentive programs to fuel Meter Ecosystem growth and network adoption.
Let us dive in for the details for the month of February.
Strategic Release of 15 Mill MTRG to fuel network growth
Meter Foundation will introduce phased programs that help drive network adoption through the funds
Meter Foundation introduced a forum discussion MIP — Proposal for Strategic Release of 15M Reserved MTRG Tokens for Network Growth which aims to release 15 million MTRG tokens in phases, currently reserved for future projects with 3 key focus areas:
User Growth (On-chain and Off-chain), Activity Growth (On-chain and Off-chain) and Trading Volume Growth
Key areas in consideration for the allocation are:
Airdrops and User Incentives, Incentives for DApp Developers, Marketing and Promotional Activities, Centralized Exchange Listings, Community and User Base Expansion and Repayment of PASS Token Liabilities
Meter Foundation will create specific programs through governance proposals to utilize the budget with community consensus.
Meridian x Meter: DeFi suite of Products
We partnered with Meridian to launch its cutting-edge DeFi suite of products on Meter Network, featuring Meridian Lend for lending, Meridian Trade for leveraged trading and the CDP platform Meridian Mint!
This partnership will boost Meter TVL and network activity, enhancing our ecosystem with more ways to borrow, trade, and earn. Read details on the announcement here.
Symmetric x Meter: Balancer V2 on Meter
Symmetric brings its DEX built on the advanced Balancer v2 architecture to Meter Network, The DEX introduces flexible, efficient, and secure DeFi capabilities, including multi-asset weighted pools, boosted and managed pools, alongside new incentives and governance systems. Read details on the announcement here.
Tigris Trading Campaign and USDC Vault
Tigris is fully prepared to launch their trading campaign on Meter Network with over $5000 USD in incentives. The campaign coincides with the support of USDC vault on Tigris in addition to MTRG vault.
MTRG Incentives on Meridian and Symmetric!
Meridian Lend and Symmetric DEX are set to launch in March! As the teams deploy on Meter, be on watch for the MTRG incentives by the protocols.
Incentivized suUSD/USDC pool on Aerodrome
With community consensus on Meter Investment in Sumer, we have begun incentivizing Sumer Synthetic Asset Liquidity cross-chain starting with Aerodrome on Base. The suUSD/USDC pool has attracted over 750,000 USD of liquidity at an APR of >60%. Read more about the announcement here.
MTRG available on Aerodrome on Base
MTRG is now available on Aerodrome on Base. This step increases the exposure of the asset to high capital users enabling easier on-ramp to Meter Network. Cross-chain transfers are supported through Meter Passport.
Governance Proposal — Ecosystem Investment into Sumer
The governance proposal on ‘MIP: Ecosystem Investment — Sumer Money’ has successfully passed with community consensus paving the way for the investment of $200,000 USD worth of MTRG into Sumer Money — an ecosystem project closely associated with Meter. The investment will foster growth and increased utility across the Meter network. Read the forum discussion here.
Xiaohan in ETH Denver
Xiaohan proudly represented Meter at ETH Denver, showcasing our commitment to innovation and collaboration within the blockchain community. With Xiaohan’s expertise and wide network, we were able to engage with fellow enthusiasts, exchange ideas, and contribute to the vibrant blockchain ecosystem.
Hiring — Marketing Position
We’re on an exciting path of expansion, with multiple campaigns, product launches, and growth opportunities coming up. We currently have an open position for an experienced talent in marketing in DeFi and Web3. If you think you have the necessary skills and expertise, reach out to @ALOMETER on Telegram.
Total Value Locked
The TVL on the Meter ecosystem is $10.5 million.
Staking and Node Operation
There are currently 336 nodes on the mainnet supporting 10% APY on staking with 50% of the circulating supply staked.
Blocks and Transactions
We are over 51 million blocks on the Meter mainnet with an average latency of 1.7 seconds. Total transactions stood around 28 million.
User Wallets
The user wallets continued to grow to 348,008 wallets.
Multi-asset Validation with latest hard fork
Meter Network will be the first network to support multi-asset validation to secure the Meter Network. Users can now lock blue-chip assets to become a validator on Meter Network. The upgrade is currently under rigorous testing on Meter Testnet and will be available on Meter Mainnet with the next hard fork.
Gasless Swap
With a growing ecosystem, CEX integrations and community, we introduced gasless swap for new users on https://wallet.meter.io/swap. Users can now get MTR for native gas transactions independently. A tutorial can be found on Meter docs.
Key focus of Meter Foundation in the month of March are;
- Governance Proposal –Strategic Release of 15M Reserved MTRG Tokens for Network Growth
- Meridian Lend launch with MTRG Incentives
- Symmetric DEX launch with MTRG Incentives
About Meter.io
Meter is a layer 1 blockchain with Freedom and Fairness as the first principle. It is highly decentralized, censorship resistant yet blazing fast and MEV resistant. Its native metastable gas token completes Satoshi’s vision of a sound money independent of the fiat system.
Meter Ecosystem
Explorer: Meter Scan | Bridge: Meter Passport | DEFI: Voltswap , Jioswap, Chee Finance, Sumer Money, Minimax Finance, GemPad, Optical Finance, iZUMi Finance | P2E: Business Builders, TreasureBlox, CryptoBlades, Zomland, DragonMaster, CryptoPolis | NFT Collections: MTRG SQUAD, Meter Punks, Meter Mallows, NFTBattles, Universal NFT | NFT Marketplace: NFTing, Voltswap, TofuNFT, Meter Town | Domains: MTRG Domains, WEB3 Names | Miscellaneous: Golucky.io, Meter Miner, Daily Coin Crypto, LlamaPay | Infrastructure/ Tooling: Meter Multisig, Defillama, POKT, Sourcify, C14 (Fiat on-ramp) | Oracles: Witnet, Band Protocol, Pyth
Meter official website and community
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