Welcome to the Meter Monthly for June 2021! This was an action-packed month. Grab a coffee, take and a breath, and let’s dig in.
We launched the Meter Passport cross-chain interoperability infrastructure and integration with Ampleforth to build the world’s first multi blockchain asset class and DApp!
Ampleforth is one of the first dApps launching on Meter Passport. The infrastructure allows Ampleforth to not only transfer AMPL tokens across blockchains but also use inter-blockchain smart contract calls to control the token rebasing and the total circulation on all blockchains through the master smart contract on Ethereum.
Meter Passport allows assets and information to rapidly flow directly from one blockchain to another and is secured by a group of decentralized relayers. Our vision for Passport is to become the ‘Chainlink of Interoperability’ and to enable a web of interconnectedness of assets and liquidity across all public blockchains.
We upgraded the Meter Passport to enhance the user experience with the release of our Subsidy Program. Now we reimburse up to 85% of bridge fees for all assets transfers into Meter’s Tesla Mainnet.
The program recently launched in April and has already reaped benefits! Recipients of the Grant Program are busy working to integrate The Graph, a decentralized protocol used for indexing and querying data from blockchains. This makes it easier for developers to create powerful DApps on Meter Mainnet. We cannot wait to see what is built!
The team has been busy plugging away at creating new staking contracts on MeterSwap. An update to MeterSwap will soon be underway, we are excited to continue to grow functionality and profitability for users. We are creating a more robust Defi experience on Meter Mainnet. Soon you will be able to swap, earn APY, compound yields, all on the most decentralized, Layer 2 scaling platform.
Meter has launched a full time Business Development Team. We are searching the Metaverse far and wide for the best projects to join us in the journey to connect all blockchains and bring Defi into the future. They are off to a great start and we are chomping at the bit to tell you about all the exciting and upcoming news!
It was a big month for Meter, we were packed with partnership announcements. Take a look below at what we accomplished!
Deficliq — A long-term project on the Polkadot ecosystem that offers both collateralized and uncollateralized loans aiming to disrupt the financial market with an innovative peer-to-peer (P2P) loans market.
Helmet $MTRG Mining Campaign — Helmet is a P2P Price Shield Insurance Protocol on the Binance Smart Chain that originated from options trading as a hedging tool. It can protect Defi users against the risk of price fluctuations.
Equalizer — The first dedicated platform that equalizes the decentralized markets. Specially designed as a marketplace for uncollateralized flash loans.
In the last few months, we launched the Meter Up Series, a video series where the Meter.io Team and CEO Xiaohan Zhu discuss important topics for Meter and the Cryptocurrency space in general. Our goal is to keep the Meter community informed about the rapid developments with Meter. The series contains AMAs, and exciting announcements for new partnerships, functionalities, and much more.
Meter.io envisions a borderless financial and information ecosystem empowering people to reimagine the world. We take Ethereum to the next level by enabling scalable and interoperable dapps with the safety and security of full decentralization.