Meter and Oasis Partner to Bring MTR to the Privacy-Focused Oasis Network
Oasis and Meter will work together to launch MTR on the Oasis Network to provide a fully-decentralized, stable medium of exchange for developers building privacy-focused DeFi applications.
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We are excited to announce that Meter has partnered with the Oasis Foundation to bring our fully-decentralized, metastable coin MTR to the Oasis Network!
Meter is DeFi infrastructure with a crypto-native, metastable currency, MTR, at its core. The Meter system uses Proof of Work to create MTR for fees and payments, and HotStuff-based Proof of Stake with the MTRG governance coin to validate transactions. The network was built from the ground up for DeFi and can be used as a Layer 1 or as a highly-decentralized, high-performance sidechain for Ethereum and other public chains.
We are thrilled to integrate with Oasis Network, which is designed to support end-to-end confidentiality and data ownership. The ability to connect data and money is critical to enable Oasis Network’s vision for a “Responsible Data Economy”.
Deploying MTR on the Oasis Network will allow developers to integrate a fully-decentralized, stable, and now private token into their DeFi apps.
We can’t wait to work with Oasis Labs to grow the privacy-focused DeFi ecosystem.
About Oasis Foundation
The Oasis Foundation (www.oasisprotocol.org) is an organization supporting the development and ecosystem surrounding the Oasis Network. The Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Designed to give users back control and ownership of their data and financial sovereignty, the Foundation’s mission is to enable projects, developers and community members who seek to realize this vision. To learn more about the Oasis Network go to oasisprotocol.org or follow the Foundation on Twitter or Telegram.
About Meter
Meter is DeFi infrastructure that is scalable, secure, and stable.
The Meter system uses Proof of Work to create the fully-decentralized, low-volatility coin MTR, and Proof of Stake with the MTRG governance coin to validate transactions.
This hybrid consensus mechanism makes Meter fast — the system can process thousands of transactions per second, reaching finality almost instantly — and super secure.
DeFi app developers can also use our highly-decentralized, HotStuff-consensus PoS chain as an EVM-compatible sidechain to increase the speed and scalability of decentralized exchanges, derivative trading platforms, yield farming programs, and other DeFi apps.
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