Main navigation

Optimism Fork Metis Launches Incentivized DAC Staking Program

Fri, 12/03/2021 - 16:40
article image
Vladislav Sopov
Metis, a rollup-based solution for Ethereum scalability, announces staking program for its decentralized autonomous company (DAC)
Optimism Fork Metis Launches Incentivized DAC Staking Program
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Metis, a scalability solution based on rollups technology, shares the details of its first-ever incentivized staking program since the platform's mainnet rollout.

Metis starts DAC incentivized staking campaign: details

According to the official announcement shared by Metis' team, its new staking program, DAC staking, went live on Nov. 26, 2021. Metis DAC is an experiment designed to bring decentralized governance principles to Layer 2 solutions.

With this program, crypto enthusiasts will participate in the governance of Metis' Layer 2 network, Andromeda. To accelerate the adoption of Metis DAC, the administration of the network introduced a massive rewards campaign.

Within Metis DAC, users are able to stake their METIS tokens with an eye-watering APY rate of more than 29,000%. At the same time, with an increase of the number of participants, the APY rate may be reduced, as the Metis team added.

Metis highlights that participation in this program is of particular importance for decentralized businesses as it is aligned with the transition from Web2 to Web3.

Decentralized company launches to support Metis' offline events

To take part in this time-limited program, a user needs to hold at least 10 METIS tokens (roughly $850). Once the DAC mechanism is activated, the staking pool starts counting rewards and sending them to all participants.

Also, Metis announced the creation of Titans DAC, a first-ever community-driven decentralized autonomous company. Titans recently minted and released its inaugural NFT drop, dubbed "Launch Edition." Fifteen non-fungible tokens offer special opportunities for their holders: they go live on Andromeda to celebrate the launch of its DAC.

These tokens' secondary sales will fund new Metis offline events.

The DAC staking program will last for at least 56 days. After the first 56 days of its operations, Metis will unveil its roadmap for the next community events.

article image
About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)