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 dApps that have access to a slew of real-world assets, 100% insured and 1:1 backed and held in custodianship.
HOW WILL THIS PARTNERSHIP WORK?
OpenDeFi is looking to launch and support projects across the DeFi ecosystem, with a vision to empower DeFi markets across a wide range of digital asset classes. To that end, the partnership with Metis will help drive the company towards its goal of supporting a more comprehensive suite of digital asset classes.
“We are thrilled to have a partnership with Metis, and believe that ease of use for developers is one of the main factors that will bring success to the ecosystem. Happy and proud to extend OpenDeFi asset availability to the next generation of builders across the globe,” said Mohit Madan, CEO of OpenDeFi.
Through this partnership, Metis and OpenDeFi will work together to build a bridge between institutional money and the DeFi world.
The agreement with OpenDeFi marks the latest DeFi-related partnership for Metis. Other DeFi partners include leveraged yield farming cross-chain aggregation protocol Bagels Finance, and Asteria, a next-generation, decentralized options-trading exchange.
“OpenDeFi is building for the long term with its focus on bringing institutional investors to DeFi, and we at Metis are excited to build this future alongside them,” said Elena Sinelnikova, co-founder and CEO of Metis. “Building a stable of high-quality DeFi partners and onboarding them to our Layer 2 platform will help Metis, and amazing…