What Can You Do With Your Meter Tokens?

April 9, 2021

Here’s everything you can do with mainnet MTRG, eMTRG, and MTR tokens. 

Now that our fully-featured mainnet has launched, there’s a lot that you can accomplish with your MTRG, eMTRG, and MTR tokens. Here’s a rundown of everything you can do. 

What you can do with MTRG

Run a validator node

The first thing you can do with your MTRG is run a validator node to help secure the Meter network. 

You will need at least 2000 MTRG to be a validator, and you can earn 20-30% APR. In addition, you can receive commission from others who delegate their stake to you.

To learn how to set up a full and validator node, read our docs here

Stake MTRG

If you don’t want to run a node, you can stake your MTRG by delegating it to validator nodes.

Staking is performed with the mainnet Meter wallet, and the current APR is in the teens. Over 30% of MTRG in circulation is now being staked!

Click here to read more details and how you can stake your MTRG.

Map MTRG to eMTRG

You can map your MTRG to eMTRG, the Ethereum version of mainnet MTRG, to participate in all the DeFi activities happening in the Ethereum ecosystem. 

Once you map your MTRG to eMTRG, scroll down to the "What you can do with eMTRG" section in this post to learn more about what you can accomplish with eMTRG.

Send and receive MTRG using MetaMask

While the mainnet Meter wallet has the most robust set of features, MTRG can also be sent and received using MetaMask for convenience. 

Read this to learn how to set up MetaMask to move MTRG (and MTR).

Trade on MeterSwap

MeterSwap is the first DEX to be built on the Meter Network, and you can use it to trade MTRG and MTR!

Many more trading pairs will be available on MeterSwap soon, including ERC-20 and ERC-721 assets. 

Also, we continue to build out our Smart Automated Market Maker (AMM) technology, which will be integrated into MeterSwap. 

Participate in governance

As a MTRG holder, you can contribute to the governance of the Meter network and help steer the direction of the protocol. 

Governance votes take place on Snapshot, and votes are aggregated across both MTRG and eMTRG voting pools. 

What you can do with eMTRG

Participate in liquidity mining on Uniswap and Chadswap

The primary thing you can do with eMTRG is participate in our liquidity mining program. 

There are two main aspects to this program:

  1. Providing liquidity to our eMTRG-ETH Uniswap pool (30% APR in eMTRG)
  2. Staking the eMTRG-ETH Uniswap liquidity provider (LP) tokens on Chadswap (additional ~100% APR in STACY)

Provide liquidity to eMTRG-ETH Uniswap pool

If you provide liquidity to the eMTRG-ETH pool on Uniswap, you will receive 30% APY airdrops in eMTRG directly to your wallet on a weekly basis.

Here a video on how you can add liquidity to Uniswap

Staking eMTRG-ETH Uniswap LP tokens on Chadswap

After providing liquidity to the eMTRG-ETH pool on Uniswap, you can then stake those Uniswap LP tokens on our partner DEX Chadswap to earn STACY, the governance token of Chadswap. 

In addition to the 30% APR of eMTRG, you will receive additional yield of ~100% APR in STACY.

When harvesting Stacy, 25% is vested immediately and 75% will be vested linearly over a year. The following tutorial explains how to claim for the remaining 75%:

https://www.meter.io/post/tutorial-how-to-unlock-stacy-in-etherscan

If you choose not to mine STACY, you will still receive your eMTRG airdrops. 

Convert eMTRG to MTRG

You can also convert your eMTRG back to mainnet MTRG using the Meter-Ethereum Bridge in the mainnet Meter wallet. 

Here’s how to do so: https://www.meter.io/post/map-emtrg-to-mtrg

Participate in governance

Just like with MTRG, you can contribute to the governance of the Meter network with eMTRG.

Governance votes take place on Snapshot, and votes are aggregated across both MTRG and eMTRG voting pools. 

What you can do with MTR

Participate in on-chain auctions

MTR is the fully-decentralized metastable coin of the Meter network whose value is linked to 10 kWh of electricity. 

In addition to being used to pay the transaction fees and gas in the Meter network, one of the most important uses of the MTR token is to obtain MTRG to participate in safeguarding, governance, and growth of the Meter system. 

This is done via on-chain auctions that are automatically generated by the Meter system every 24 epochs (roughly 24 hours). The only way to participate in these auctions is to use MTR as the bidding currency. 

To learn more about on-chain auctions, click here.

Conclusion 

There are plenty of things you can do with your Meter tokens now, including securing the Meter network, earning yield, governing the protocol, and more. 

There will be many more Dapps built on our network, which will increase the uses of MTRG, eMTRG, and MTR. 

Stay tuned for more and thanks for your support!

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