Key Highlights — Meridian Finance, Single Finance and Symmetric DEX live on Meter
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 March.
Sumer Points Program is just around the corner
Rewarding TVL Contribution, Daily Interactions and TVL on Meter
Sumer Points Program, a precursor to Sumer Airdrop campaign, is a campaign designed to enhance user engagement and TVL contribution on Sumer and Meter Network.
Sumer Points Program
More TVL Contribution, More the Points
Longer the TVL Contribution, More the Points through Duration Multiplier
More the TVL on Meter across DeFI platforms, More the Points
Referral Bonuses — Referrer earn bonus of 10% of points earned by Referee, Referee earn 5% bonus on lifetime points
Sumer NFT Program
Mint 1 of 9 Sumerian Gods NFT daily if you earn >10 points on the day
Rewards based on rarity of NFTs
With the majority of UI and development completed and testing is in progress, we are currently working on launching partner assets on Sumer to coincide with the launch.
SwapSpace x Meter: Crypto Exchange Aggregator on Meter
We are excited to partner with SwapSpace, a crypto exchange aggregator. Now users can securely buy, sell and swap tokens for MTRG. SwapSpace also acts as a bridge between different blockchain networks and CEXes, connecting users to the Meter Network. Read details on the announcement here.
Supra Oracles x Meter: Decentralized Oracles on Meter
SUPRA Labs deployed their state-of-the-art DORA decentralized oracle solution on Meter. This partnership enables accurate, secure, and ultra-fast data feeds for DeFi projects on Meter with reliability. Read details on the announcement here.
Gasdotzip x Meter: Easy gas fees top-up on Meter
Gasdotzip brings the quickest one-stop shop for gas refueling on Meter. Now you can easily top up your MTR for transaction fees on Meter Network by using assets across any other support network. Users can visit gas.zip and choose Meter for a seamless experience. Read details on the announcement here.
Bunny Finance x Meter: Cross-chain asset transfers
BunnyFi brings robust multi-chain & cross-chain low cost asset transfers through their protocol. Read details on the announcement here.
Meridian Finance is live on Meter Network with MTRG incentives
Meridian finance expands the DeFi opportunities within the Meter ecosystem with their lending and borrowing market. Users can lend & borrow USDC, USDT, ETH, MTRG, and wstMTRG on their Money Market today. To access liquidity on Meter, make sure to bridge your assets using Meter Passport or withdraw MTRG from supported exchanges. Participate today on Meridian Finance. Read more about the announcement here.
Single Finance is live on Meter Network!
Single Finance brings new yield strategies to Meter Network through leveraged yield platform. They currently support capital-protected yield farming and pseudo market-neutral strategies, enhancing the DeFi experience of Meter users on the network. Participate today on Single Finance. Read more about the announcement here.
Unreal Destiny Mini game is live on Meter Network!
This week Business Builders released their first mini game on the Unreal Destiny Universe on Meter Network for the users. Inspired on Clicker IDLE Games, you will know a new way to use the blockchain and power up the video games vision. Participate today on Unreal Destiny Game. Read more about the announcement here.
Meter x Bitcoin Bridge in works
Development is in progress to launch a direct Bitcoin bridge to Meter, broadening our ecosystem’s interoperability and supporting native BTC and BRC20 transactions. Meter is the only PoS chain with a heritage to Bitcoin as every Meter node runs a built-in BTC fork. Read more about the announcement here.
Governance Proposal Passed — Release of 15 Million MTRG from Reserve
The governance proposal on ‘MIP — Proposal for Strategic Release of 15M Reserved MTRG Tokens for Network Growth’ has successfully passed which aims to release 15 million MTRG tokens, 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. Read the forum discussion here. Check out the governance proposal here.
AMA: Single Finance x Meter
With Single Finance deployment on Meer, we explored Single Finance’s unique approach to capital-protected yield farming on Meter Network through a twitter space featuring Xiaohan Zhu, co-founder of Meter, alongside the Single Finance team. Read the details here.
AMA — Meridian Finance x Meter
Meridian Finance deployed their lending and Borrowing platform Meridian Lend on Meter. We delved deep into Meridian Lend and uncovered the plan for Meridian Trade deployment on Meter through a twitter space featuring Xiaohan Zhu, co-founder of Meter and the Meridian Finance team. Read the details here.
Total Value Locked
The TVL on the Meter ecosystem is $6.5 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 52.5 million blocks on the Meter mainnet with an average latency of 1.7 seconds. Total transactions stood around 28.5 million.
User Wallets
The user wallets continued to grow to 362,271 wallets.
Network hard fork
We successfully went through a hard fork on Meter Network. The features included;
Enabling candidate/ uncandidate/ candidateUpdate action from a Smart Contract
Enabling creation of multiple contracts within one transaction correctly
Fixing a p2p connection issue
Upgrading USDC.eth/USDT.eth/WBTC.eth to support EIP-712 permit function
Enabling changes from Ethereum recent forks
Gasless Swap
With 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 April are;
- Symmetric DEX launch with MTRG Incentives
- MTRG Burn Proposal
- More updates on Sumer Point Program
- AMA with partners Aerodrome and Pyth
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 , Meridian Finance, Symmetric, Sumer Money, Minimax Finance, GemPad, Optical Finance, iZUMi Finance | P2E: Business Builders, CryptoBlades, Zomland, DragonMaster | NFT Collections: MTRG SQUAD, Meter Punks, Meter Mallows, NFTBattles, Universal NFT | NFT Marketplace: NFTing, Voltswap, Meter Town | Domains: MTRG Domains, WEB3 Names | Miscellaneous: Meter Miner, Daily Coin Crypto, LlamaPay | Infrastructure/ Tooling: Meter Multisig, Defillama, POKT, Sourcify, C14 (Fiat on-ramp) | Oracles: Witnet, Band Protocol, Pyth, Supra
Meter official website and community
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