Kickstarting the Metis Journey, a $5 Million DeFi Incentive Program, Led by Aave

Metis
3 min readSep 19, 2023

Metis announces the Metis Journey, a $5 million DeFi Incentive Program designed to boost new and existing DeFi applications on the Metis Layer 2 network, starting with blue-chip protocol Aave v3.

Journey

This ambitious campaign starts with a strategic token allocation to Aave v3, a blue-chip decentralized lending platform. Under this collaboration, 100,000 METIS tokens will be allocated towards incentivizing liquidity pools for all assets available for Aave users on Metis: ETH, METIS, USDC, USDT, and DAI. The strategic program is designed to attract a larger user base to the Metis platform through Aave’s involvement.

This initiative follows Aave-led growth campaigns by industry leaders, including Polygon, Avalanche, and Optimism, which fueled rapid expansion of their ecosystems and user communities.

For our dedicated Metis community, this represents a remarkable opportunity, as our ecosystem gears up for an exciting expansion phase. It signifies a pivotal milestone in the evolution of Metis, opening doors to an array of innovative developments.

Aave shares our enthusiasm for showcasing the capabilities of Layer 2 technology and ushering more users into the Web3 space, adding depth and significance to this collaboration.

The anticipated surge in activity stemming from Aave’s participation will act as a catalyst, welcoming a wave of fresh opportunities across other prominent Metis applications:

  • Hummus A combination of Platypus Finance’s single-sided staking pools and tailored pools enabled by Balancer, like the famous 80–20, tripool, or even quad crypto pool. The variety of alternatives offered by the platform, its top-notch capital efficiency, and minimization of impermanent loss make Hummus a perfect option for both crypto natives and newcomers.
  • Stargate A trusted cross-chain bridge that facilitates seamless asset transfers to and from the Metis Layer 2 network. Stargate was the first bridge to solve the Bridging Trilemma, enabling native asset transfers, unified liquidity, and instant guaranteed finality. For those looking for rapid, secure, and hassle-free bridging into or out from the Metis network, Stargate is a phenomenal alternative.
  • SynapseA robust platform offering secure cross-chain communication and yield-farming capabilities, enabling seamless bridging, swapping, and yielding across various chains.
  • Unimaia A swift Uniswap alternative equipped with concentrated liquidity. Unimaia ensures not only quick swaps but also offers Uniswap V3-like capabilities, including concentrated liquidity pools.

Retroactive Funding

In addition to benefiting these dApps, our growth campaign extends incentives to regular users who contribute liquidity, engage in trading, and actively participate in our thriving ecosystem.

To come

This initiative marks the beginning of a series of strategic moves that Metis has planned for the upcoming weeks and months, aimed at catalyzing exponential growth within our ecosystem and user community. We aspire to emulate the successes of leading chains that have undertaken similar growth initiatives.

Stay tuned as we embark on this exciting journey to expedite adoption and activity levels within the Metis community.

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