Abstract:
This is a cooperation proposal from Meter.io community. We sincerely hope SUSHI could be deployed on Meter Network so that more people can enjoy SUSHI’s excellent services.
Motivation:
Meter is a high-performance EVM compatible L1 and side chain network. The founding team started to build Meter Network from 2018, and in 2021 Meter main network launched. It is one of the best L1 and Ethereum side chains that combines decentralization and high performance. At present, there are 142 consensus nodes (scalable to thousands of consensus nodes) and 1500+ TPS per chain. Meter network is rapidly building its own ecosystem and has excellent partners such as Theta, AMPL and Moonbeam, but Meter lacks an excellent DEX. Hence, after discussion in Meter community, we really hope SUSHI can be deployed on Meter Network to serve Meter current and more coming users.
About Meter
Please allow me to introduce Meter from the following key aspects to help SUSHI community know better about us.
Team
Meter’s leadership team specializes in deep tech, software architecture, product management, and product growth. Their top qualifications from leading academic institutions - Wharton, Stanford, Purdue, UCSD, and more - are backed by world-class experience gained with Google, Cisco, Huawei, and JD Capital. You can check the info of core members here: Team
Technical features
High performance: Meter uses Hotstuff based PoS consensus which enables the transactions to be finalized in seconds, bringing smoother experience to users.
Highly decentralized: Meter’s HotStuff-based consensus allows 1000s of validator nodes, making Meter the most decentralized Layer 2 for Ethereum. Currently there are 142 validator nodes and the number keeps growing.
EVM compatible: Meter is Compatible with all Ethereum toolchains and libraries. Existing dApps can be migrated to Meter with almost no changes and extra costs.
Interoperable: Meter Passport is an N Way blockchain router that allow both assets and information to travel across blockchain networks, which connects 8 mainstream blockchain networks, including Ethereum, Avalanche, BSC, Moonriver, Theta, Polis, Energyweb, and will support more networks in the future.
MEV resistant: Meter added unique enhancements on top of Ethereum. For example Meter does not use gas prices to rank transactions processing order. DEXes on Meter are front running/MEV resistant, fast and uncensorable.
Low and stable Gas fees : Meter separates the governance token (MTRG) from the Gas token (MTR), which anchors the global average electricity price to achieve a more stable price. It only cost a few cents per transaction on average and remains stable.
Community:
Meter has a vibrant and solid global community with more than thousands of users and devoted community ambassadors across multiple countries and regions. Meter community will actively support SUSHI’s deployment on Meter.
Benefits:
If SUSHI can be deployed on Meter, the benefits for both sides are obvious.
First, Meter users will enjoy a world-leading DEX service, while SUSHI will cover more networks.
Next, with rapid growth, Meter will cover many assets that other networks don’t have, due to its thriving native applications and cross-chain bridge services, such as new assets from Moonbeam Network, Theta Network, and other networks with flourish ecosystem, so it will expand SUSHI’s portfolio of assets.
Meter’s technology will propel Sushi to be the world’s first front-running resistant DEX, showcasing SUSHI’s technology leadership in the space. SUSHI will also be the foremost DEX service in Meter network. Meter will also push and provide incentives for SUSHI products, i.e., IDO, Liquidity Mining incentives, lending/borrowing, which we believe will be beneficial to both sides.
Plan:
If SUSHI community approves our proposal, Meter team and the community will work together to push things move fast. If possible, we hope this collaboration could be achieved within a month.
Contact：
Website：https://www.meter.io/
Twitter：https://twitter.com/Meter_IO
Medium：Meter.io – Medium
Discord：Meter Project
Person in charge of this proposal：@shanjiefengyi
Contact TG：@guoxinchen