Velodrome, the largest Optimism DEX and liquidity layer of the Superchain, plans to deploy on Metal L2.
They have submitted a proposal that seeks $MTL incentives to bootstrap deep liquidity pools, essential for ecosystem growth.
Metal DAO holders can review and vote below.
1/
@biconomy
has submitted a proposal to integrate their Account Abstraction (AA) infrastructure on Metal L2. This integration aims to enhance dApp capabilities on our chain, improving efficiency and user experience. Details follow.
Building out the Superchain ๐ดโโ๏ธ๐ด
Velodrome is now live on three Superchain L2s -
@optimism
,
@modenetwork
, and
@build_on_bob
.
Velodrome is the liquidity hub of the Superchain, poised to deploy on five more chains. New Superchains rely on Velodrome to bootstrap liquidity.
Join us tomorrow on Spaces to meet the
@Metal_L2
๐ team and learn about how they plan to grow the banking layer for the Superchain with compliant solutions for users, developers, and institutions.
Set your reminder for 6PM Eastern tomorrow.
Metal L2, also known as The Banking Layer on the OP Stack, is a specialized Layer 2 solution built on the
@Optimism
Superchain.
Our mission is to connect TradFi with DeFi via our onramp through Metal Pay Connect and the connection to The Digital Banking Network by Metallicus.
Metal L2 is performing a smart contract upgrade on June 24 and want to ensure that the transition is seamless for all wallets holding the Metal DAO $MTL token.
Snapshot Date: Jun 24, 2024 11:00 UTC+8 // 20:00 PST
Airdrop Date: Jun 26, 2024 11:00 UTC+8 // 20:00 PST
Please read
We are thrilled to announce the successful completion of the MTL v2 token airdrop. All eligible wallets have now received their MTL v2 tokens on Metal L2 mainnet, marking a significant milestone in our journey towards enhancing the Metal ecosystem.
The Migration to the Metal L2 is on the horizon and we've prepared some key details for $MTL holders.
Following the snapshot event, we will conduct an airdrop of the MTL v2 token on the Metal L2 blockchain.
Learn more here:
"At Metallicus we really want to help our customers and clients in the crypto industry find that adoption because we believe that blockchain is the best, most transparent public system of money the world."
-
@MarshallHayner
talking with
@its_jdubs
on
@Optimism
Radio
Metal L2 is connecting the
@Optimism
Superchain to The Digital Banking Network by
@MetallicusTDBN
Native fiat rails connected to your favourite places to build in Web3
๐ด๐ต๐ก๐ข๐
"In the future, you would just take your $XMD straight into the credit union, straight into the bank or fintech app and boom, you're swiping it."
๐
@MarshallHayner
on OP Radio ๐ด
@Optimism
The vision for Metal L2 is to revolutionize the financial landscape by creating an open DeFi, Ethereum-compatible Layer 2 blockchain that bridges traditional finance with decentralized finance by connecting seamlessly with
@MetalBlockchain
's private banking subnets.
Today,
@OPLabsPBC
posted an upgrade proposal detailing findings from a recent series of community-driven audits on the Fault Proof System, including the plan to fix the bugs identified as part of the audits.
Metal X is your all-in-one financial hub on the Metallicus Digital Banking Network.
Execute onchain market, limit, and perpetual trades, access lending, borrowing, and liquidity poolsโall with self-custody.
@Metal_L2
support soon
TDBN
"Metal Pay is about to become open source with Metal L2. So it can be your app and you can spin up and skip that five plus years of licensing headaches, hurdles, bank partners. And we can allow you to focus on the crypto, DeFi and blockchain side."
-
@MarshallHayner
on OP Radio
Benefits of deploying on Metal L2
โ๏ธ Add a Native Fiat Onramp
โ๏ธ Connect to
@MetallicusTDBN
โ๏ธ Stay compliant with DID
โ๏ธ Work with TradFi / Blockchain Experts
TDBN
Metal DAO (MTL) will be performing a smart contract upgrade, which includes an airdrop of the MTL v2 token.
To ensure you are included in the airdrop please read the following guide.
A governance proposal has been submitted to the Metal DAO by
@biconomy
, aiming to integrate their Account Abstraction stack into the Banking Layer on
@Optimism
.
Vote Now, with
@webauthwallet
& $MTL.
๐ด Applications OPEN NOW: Retro Public Goods Funding Round 4 ๐ด
10m OP dedicated to onchain builders who have deployed contracts across the Superchain and generated demand for its blockspace.
Applications are open until June 6th 19:00 UTC.
Congratulations to 4LoLZ for winning the Most interesting smart contract deployed on Metal L2 prize track for $1,000 at the
@ETHGlobal
Superhack2024
The team deployed a fully functional dapp with multiple smart contracts on Metal L2 and made it extremely easy to interact with.
Increase your revenue with Metal Pay Connect ๐
A fully customizable plug & play cryptocurrency fiat onramp, built to your specifications, customized to your brand and connected directly to The Digital Banking Network
@MetallicusTDBN
.
Contact us below.
Join us tomorrow on Spaces to meet the
@Metal_L2
๐ team and learn about how they plan to grow the banking layer for the Superchain with compliant solutions for users, developers, and institutions.
Set your reminder for 6PM Eastern tomorrow.
"FTX when that exploded, that really put a crater, in the view of the crypto ecosystem. But what came out of that was a renewed vision of โcompliance is really importantโ, โCrypto is, in fact moneyโ... we should have easier, better systems to these fiat ramps" -
@MarshallHayner
The
@Optimism
stack and Metal L2 will be receiving an upgrade on July 10:
Please make sure your nodes are at least on op-node version v1.7.7 and op-geth version v1.101315.2, it should not require a re-sync.
Superhack is officially OUR LARGEST ONLINE PRIZE POOL OF 2024! ๐ฐ๐
Over $200,000 in prizes up for grabs for building across the entire Superchain ecosystem ๐ค
Let's dive in to what you can build ๐
@Optimism
The Digital Banking Network by
@MetallicusTDBN
is a new collaboration between blockchain and traditional financial technologies and institutions.
Customers will be able to move funds from their crypto wallet directly to their bank account and back using brand new standards.
Metal Pay Connect by
@MetallicusTDBN
is a brand new fiat on-ramp solution that allows any dApp or business to integrate a simple white-labeled widget on their website where users can purchase crypto with a card and send directly to their connected wallet in the dApp.
B2B2C.
2/ Biconomy is a leading Web3 AA infrastructure provider with 50% market share across major EVM chains. They collaborate with notable entities like JP Morgan, Mercedes-Benz, and Trust Wallet to simplify blockchain development.
Metallicus was founded in 2016 by
@MarshallHayner
&
@GlennMarien
, both early pioneers in the blockchain space. The company was born out of their vision to merge traditional finance with cryptocurrency aiming to create an inclusive financial ecosystem accessible to everyone.
4/ Benefits for Metal L2 include:
- Gasless transactions
- Transaction and gas payments in non-native tokens
- Transaction batching for efficiency
- Secure multi-chain signatures
- Custom signature schemes and biometric logins
5/ Biconomy will deploy their AA stack on Metal L2, including Smart Accounts, Bundler APIs, and Paymaster APIs. This infrastructure will support developers in building advanced dApps on our chain.
3/ Account Abstraction (ERC-4337) offers significant improvements for Web3 UX, including gasless transactions, multi-chain transactions, and biometric logins. It provides a seamless and secure user experience.
6/ The proposal requests 100,000 $MTL to cover integration and maintenance costs. This funding will enable the deployment of Biconomy's full AA infrastructure on Metal L2.
10/ Review the proposal and cast your vote to support or oppose the integration of Biconomy's AA infrastructure on Metal L2. Your participation is crucial.