Ethereum-based Layer 2 protocol Metis has the testnet version of. released its decentralized exchange MetisSwap.

Decentralized exchanges are the most complicated application in DeFi. With the introduction of MetisSwap, Metis continued its efforts to demonstrate the compatibility of its Layer 2 platform with DeFi projects of all kinds.

MetisSwap is based on Metis Layer 2 Beta Testnet

MetisSwap is a hard fork of the popular DEX Uniswap that allows users to mint and exchange Layer 2 tokens. It is based on the native Metis Layer 2 Beta Testnet and is equipped with innovative functions.

Testers can:

  • Bridge the ETH from Layer 1 (Rinkeby Testnet) to Layer 2 (Metis Layer 2 Beta Testnet).
  • Connect to Metis Layer 2 Beta Testnet Wallet.
  • Get $ METIS test tokens from Metis Faucet.
  • Create your own test token in the Metis Layer 2 Beta Testnet.
  • Add your test token to the liquidity pool and exchange it for other tokens.

MetisSwap was designed to make it easy for everyone from DeFi savvy users to total newbies to experience the 1-second, 1-cent transactions available on Metis Layer 2.

Metis also announced that community members testing MetisSwap will have the opportunity to make real profits $ METIS token Airdrop rewards. To be eligible for these rewards, users must Connect to MetisSwap Testnet by clicking on. walk testwap.metis.io, create your own token, add liquidity and exchange this token with other tokens. Users must also be on Metis. consequences Twitter and telegram and hold at least $ 10 METIS tokens (available for purchase on Gate.io and Uniswap) in the same wallet that you use to test MetisSwap.

All in all, after the test phase ends on July 16, Metis will drop $ 5 METIS tokens to 600 qualified testers.

An important milestone for Metis

The introduction of MetisSwap is an important milestone for Metis and proves that DeFi projects can be carried out on its Metis Layer 2 Beta Testnet protocol. Several competing Layer 2 protocols struggled to launch their own DEX, while Metis continued to demonstrate its status as an innovative blockchain project.

Meits has made significant profits over the past few months with high profile partnerships with important blockchain projects. Last month, the company announced key partnerships with launchpad provider PAID Network, blockchain infrastructure company PARSIQ, OroPocket DeFi platform OpenDeFi, and several other innovative projects.

Metis is powered by its native METIS token, which can be purchased on Gate.io and Uniswap. To learn more and get the latest information about Metis, visit Metis website and Middle side.

Follow Metis on Twitter and Telegram.

About Metis

Metis is building an easy-to-use, highly scalable, cost-effective and fully functional Layer 2 framework (Metis Rollup) to fully support application and business migration from Web 2.0 to Web 3.0. Metis integrates the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure.

This differentiator makes it easy for developers, builders, or community leaders to build their applications and communities. The scalable protocol supports a wide variety of use cases, including yield farming, DEX trading, and promoting the gig economy via DApps, which offer cheap and fast micropayments.

Disclaimer: This is a paid post and should not be treated as news / advice.

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