Introduction

Stake Natively, Earn Cross-Chain

What Is Staking?

Staking is the process where cryptocurrency holders lock up a certain amount of their tokens in a blockchain network to support its operations, such as validating transactions and securing the network. In return for this service, stakers earn rewards, typically in the form of additional tokens. Staking is a fundamental component of Proof of Stake (PoS) and its various derivatives, which are consensus mechanisms used by many blockchain platforms as an alternative to Proof of Work (PoW).

Restaking

Restaking takes the concept of staking a step further by allowing staked assets to be utilized for additional purposes beyond their initial role in securing the network. Essentially, it involves reusing or leveraging already staked tokens to participate in other protocols or financial activities, thereby potentially increasing the overall yield on those assets.

How Does Restaking Work?

1. Initial Staking: A user stakes their cryptocurrency in a PoS network to earn staking rewards.

2. Utilizing Staked Assets: Instead of leaving the staked assets idle, the user can use them (a derivative version) as collateral or input in other decentralized finance (DeFi) applications.

3. Earning Multiple Rewards: By doing so, the user can earn rewards from both the initial staking and the additional DeFi activities. The benefits include - enhanced yields, increased utility, and top capital efficiency.

Restaking With Methera

Methera is a Liquid Staking Derivative (LSD) protocol building on Metis Andromeda, empowering METIS holders to enjoy the benefits of staking while maintaining liquidity and cross-chain utility. By staking through Methera, users can unlock liquid METIS (yMETIS), enabling participation in DeFi across various ecosystems without sacrificing native staking rewards on Metis. Our main aim is delivering a portal that allows METIS holders interact with different decentralized products on multiple networks all while maintaining their staking position originally on Metis, we’re also onboarding the next generation of METIS holders through increased utility, an exceptional rewards system while providing exciting and new opportunities that comes with holding METIS. METIS’ compatibility with ethereum offers seamless integration with other layer 2 networks contributing to a more intuitive and accessible experience.

Key Features

Native Staking on Metis Andromeda: Users stake METIS and receive staking rewards directly from the Metis network.

Liquid METIS (yMETIS): In return for staked METIS, users receive yieldMETIS, a token that represents their staked asset and can be used across other chains for DeFi activities.

Cross-Chain Utility: yMETIS can be bridged and utilized in liquidity pools, yield farming, or lending across other Layer 2 ecosystem. Making available different yield strategies for the utility expansion of METIS.

Enhanced Security: Staking operations are secured by decentralized sequencers on the Metis Andromeda network, ensuring the protocol’s robustness.