Protocol Village: Metis, Ethereum Layer 2, Launches 'Liquid Staking Blitz'

Feb 08, 2024

Feb. 7: Layer-2 network Metis launched the "Metis Liquid Staking Blitz (LSB), an initiative to bolster their LSD ecosystem and accelerate the growth of LSDs and LSD-focused products on their Layer 2 network and leveraging the 4.6M METIS Ecosystem Development Fund," according to the team: "Metis’ LSB will create the first LSD for a layer-2 network’s native token, unlocking LSDs’ versatility and blending it with the Layer 2 network’s profit and growth potential. For the first 12 months, a 20% Mining Rewards Rate (the rate at which smart contracts reward lockers for block production) will apply to all sequencer nodes."

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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