Home 5 protocols to discover on the Metis network

5 protocols to discover on the Metis network

Cryptos

3 min read

You appreciated our article presenting layer 2 Metis, today we are going to look at some protocols that might interest you.

Also, I will tell you the information to enter if you want to add the Metis network to your Metamask:

NetworkName: Metis Network
New RPC URLs: https://andromeda.metis.io/?owner=1088
Chain ID: 1088
Symbol: Metis
BlockExplorer URL: https://andromeda-explorer.metis.io/

To be able to use the network, you can buy METIS crypto (by researching it beforehand, of course) on exchange platforms like Binance, kucoin or the exchange platform of your choice.

You can also send tokens via bridges (send USDC for example from Ethereum to Metis).

Below you will find the most polar bridges.

Now let's move on to the protocols.

Netswap: the DEX and Launchpad on Metis

It is the best known and most used DEX on the Metis network. When it comes to trading tokens on the network, Netswap remains a very good DEX.

You will also be able to farm on certain pools. The APR rates are very attractive. However, remember that the rewards are in NETT tokens (the protocol's native token).

Netswap also aims to be a launchpad. It will then be necessary to stack NETT tokens to be able to participate in IDOs.

—>Discover netswap

Tethys : Lending on Metis

Tethys is a platform that is gaining more and more momentum on the Metis network. You can do exchanges and farming there like on Netswap but other things too.

It is the first platform on Tethys which allows you to do lending also. This is why more and more users are opting for Tethys.

You can also stack Tethys to earn xTethys up to 41% APR. Then, you can do deep staking with xTethys and earn METIS up to 62% APR.

—>Discover Tethys

TofuNFT : An NFT marketplace

TofuNFT is a NFT marketplace which hosts NFTs from different networks including the Metis network. Moreover, it is also a marketplace where you will see NFTs on the most famous networks like Ethereum or Binance Smart Chain for example.

That said, it seems to us that it is the only one of Metis' NFT platforms.

You will be able to see the network's NFTs, exchange them, sell them, etc.

PolyBridge : A bridge for Metis

Here we are dealing with what is called a “bridge” which allows you to exchange tokens from one network to another.

Besides, you can use PolyBridge to send tokens on networks other than Metis, we agree.

—>Discover PolyBridge

Final word on the METIS ecosystem

The Metis ecosystem is still in its early stages as you can see. We must then continue to be vigilant and measure its growth and popularity among DeFi users.

More and more protocols are being created on the network, but this nevertheless indicates good attraction.

You can see the ecosystem here.

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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

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