KEY TAKEAWAYS
- Metis integrates OKX as its fourth independent sequencer node provider, enhancing its decentralized infrastructure.
- OKX commits 20,000 METIS tokens to network security, boosting Metis’ economic security model.
- This collaboration underscores institutional confidence in Metis’ decentralized approach and revenue-sharing model.
- Metis’ Decentralized Sequencer allows users to earn rewards, strengthening network security.
Metis, an Ethereum Layer-2 scaling solution, has announced the integration of OKX, a prominent crypto exchange and global onchain company, as its newest decentralized sequencer node provider. This addition marks Metis’ fourth independent provider and tenth overall sequencer node, reflecting growing institutional confidence in the network’s decentralized infrastructure. The announcement was made here.
Through its OKX Earn product, OKX has committed 20,000 METIS tokens to network security, bringing the total locked METIS to 487,801.89 tokens as of today. This significant stake enhances Metis’ economic security model while reducing the circulating supply.
Institutional Participation in Layer 2 Network Security
This collaboration highlights how major Web3 institutions can engage in Layer 2 network security while benefiting from Metis’ revenue-sharing model. OKX’s participation as an independent sequencer validates Metis’ decentralized approach to network operations.
Tom Ngo, Executive Lead of Metis, commented on the development, stating that OKX’s involvement as a sequencer node operator is transformative for Metis. He emphasized that OKX’s global reach, technical expertise, and significant commitment to the ecosystem signal strong institutional confidence in Metis’ decentralized future.
Inside the First-Ever Ethereum Layer 2 Decentralized Sequencer
Since the launch of the Decentralized Sequencer, Metis users have been able to lock their tokens in LST protocols and earn sequencer rewards through decentralized sequencer nodes. This mechanism provides security to the network and offers token rewards to participants.
For more information about the Decentralized Sequencer, interested parties can visit sequencer.metis.io.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
