By Wowdegen

Decentralized exchanges like Uniswap, Pancakeswap, Quickswap and MDEX reinvented the way people trade digital assets and receive profit from trading if assets’ prices go up.

WOWswap works on top of those decentralized exchanges and offers the simplest tool to maximize profits with 5x leveraged long-swaps.

But is it possible to receive a profit when a token’s price goes down?

The answer is “YES” — it’s called shorting. When you short a token, you loan it from someone and immediately sell that token: Short = Borrow + Sell.

If the token’s price goes 📉, you buy it back later…


By Alfonso de la Rocha

Decentralized Exchanges (DEX) are a key foundation for the DeFi ecosystem. They give you the ability to trade and swap one cryptocurrency for another peer-to-peer, without the need for third parties such as a centralized exchange or traditional financial institutions.

Still, we have to ask: Why worry about implementing decentralized exchanges if we already have their centralized counterparts? How do DEXes actually work, and more importantly, why are they important for the DeFi space?

Decentralizing exchanges

If you are familiar with centralized exchanges (CEX), you will have no trouble understanding how decentralized exchanges work. In a centralized…


Welcome to the Testnet edition of MetisSwap!

What is MetisSwap?

A Layer 2 Decentralized Exchange application building on Metis Layer 2 Beta Testnet.

Why are you launching MetisSwap?

Decentralized Exchanges are the most complicated application in all of DeFi. Launching MetisSwap proves that any and all DeFi projects can run on Metis Layer 2 Beta Testnet from now on.

What you can do via MetisSwap?

You will be able to:

  • Bridge ETH from Layer 1 (Rinkeby Testnet) to Layer 2 (Metis Layer 2 Beta Testnet).
  • Connect with Metis Layer 2 Beta Testnet wallet.
  • Get $METIS test tokens from Metis Faucet.
  • Create your own test token on Metis Layer 2 Beta Testnet.
  • Add your test…


Article by Alfonso De La Rocha

https://adlrocha.medium.com/?source=post_page-----7db7065ea580--------------------------------

It’s time for another L2 comparison! The other day I came across a project I wasn’t aware of: Polygon. Polygon is advertised on its official site as the “Ethereum’s Internet of Blockchains”. What does this mean?

Polygon seems to be tackling all of Ethereum’s current limitations at the same time: its current low throughput (which hopefully will be improved with Ethereum 2.0); the poor UX provided for applications as a result of gas fees and the delayed PoW finality; and what they call “no sovereignty” which translates into the lack of composability of…


The Metis Layer 2 Optimistic Rollup gives developers the ability to build on the Ethereum blockchain, while benefiting from 1-cent, 1-second transactions and vastly improved scalability and functionality, all in a secure, decentralized environment.

Metis has already onboarded a long list of DeFi, infrastructure, and launchpad partners, including OroPocket OpenDeFi, PARSIQ, PAID Network, and many others. To unlock the power of Layer 2 technology for even more companies, Metis is thrilled to announce the launch of the Metis Ecosystem Development Program.

The Metis Ecosystem Development Program helps existing blockchain projects, new ideas and innovations, and non-blockchain projects launched on…


Metis is thrilled to announce a new partnership with PAID Network, operator of the Apollo-X and Ignition launchpad platforms.

This new partnership will enable the PAID development team to build the Apollo-X and Ignition launchpads on Metis’ Layer 2 infrastructure. The result will be lower gas fees, increased transaction speeds, and more scalable functionalities, thanks to the easy-to-use Metis Rollup structure.

Since Metis is built on top of the decentralized Ethereum blockchain, PAID will also benefit from the highest levels of security, which are not available on centralized sidechains.

By utilizing the Metis Layer 2 solution, both Apollo-X and Ignition…


Building its stable of DeFi and infrastructure partners ahead of its June 15 Beta testnet launch, Metis is thrilled to announce its newest strategic partnership, with PARSIQ.

PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications. In March, PARSIQ joined a group of investors that included OKEx Blockdream Ventures, DFG, Autonomy Capital, Master Ventures, Cryptomeria Capital, Gate.io, and others in a round of pre-IDO funding.

Today’s announcement establishes PARSIQ as a Metis technical and infrastructural partner as well. PARSIQ joins CasperLabs and Findora as technical infrastructure partners integrating with…


by Alfonso de la Rocha

It’s never a good idea to store big chunks of data on a blockchain. For starters this is simply impossible, as the amount of data that may be included in a transaction is limited.

But even if you could store big chunks of data on a blockchain, it would be prohibitively expensive in terms of cost and resources, as every peer in the network would have to store those pieces of data that you chose to store on-chain. Moreover, if your plan is to do all of this over a public blockchain network, everything that…


Continuing our plan to onboard key strategic partners ahead of the June 15 launch of the Metis Beta testnet, Metis is pleased to announce a partnership with decentralized finance project OpenDeFi.

Metis is a Layer 2 infrastructure for distributed collaborators that helps individuals create their own decentralized businesses on the Ethereum blockchain. With its Layer 2 dApp solution, the platform has made this process faster, cheaper, and more scalable.

OpenDeFi tokenizes real-world assets and then builds decentralized financial services around those assets. Through this partnership, OpenDeFi assets will become usable on Metis’ Layer 2 infrastructure to allow developers to build…


Metis Weekly AMA review.

1. Please introduce Metis to us in one statement?

A: A Layer 2 Rollup infrastructure to support the running of the Web 3.0 economy.

2. What are the ways to earn Metis tokens?

A: You will be able to mine Metis tokens once our mainnet is live (Q3 2021).

3. Has Metis management given proper consideration to the global nature of cryptocurrencies?

A: The beauty of crypto’s global nature is that it actually defines success of our business. …

MetisDAO

Layer 2 protocol to run Decentralized Economies

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