andromeda

ChainCatcher news, Metis has launched a dual-chain strategy, introducing MetisSDK and announcing the upcoming high-performance chain Hyperion designed for AI-native applications based on MetisSDK.Metis has made further strategic announcements regarding its dual-chain strategy. Metis aims to provide scalable high-performance solutions for the entire blockchain ecosystem based on MetisSDK. Through the integration of the AI-specific layer Hyperion (HYPE) and the foundational layer Andromeda, a complementary Layer2 ecosystem will be built.Andromeda, as the first step for Metis to build a scalable decentralized infrastructure, has achieved a complete decentralized sequencer node architecture, utilizing Optimistic Rollup technology, focusing on general scenarios (such as DeFi and enterprise applications), ensuring security and decentralization. Hyperion, based on MetisSDK, consists of components such as MetisVM and MetisDB. The Metis SDK provides cross-chain development tools to achieve seamless interaction between the two chains; the METIS token will serve as the native Gas Token for the dual chain.It is reported that the Hyperion testnet is scheduled to launch by the end of April 2025, with the mainnet starting in August. Andromeda will achieve Stage 0 upgrade soon and plans to reach Stage 1 goals by the end of the year.

According to ChainCatcher news, Andromeda has announced a strategic partnership with Injective. The two parties will accelerate the adoption of DeFi by combining Andromeda's aOS and Injective's high-speed financial blockchain. Key highlights of the collaboration include seamless cross-chain integration, advanced DeFi applications, asset tokenization management, and simplified segmentation of digital assets.It is reported that this partnership will enhance cross-chain capabilities and simplify asset management, fully unleashing the potential of the next generation of Web3 applications.

ChainCatcher message, Synthetix announced the release of the Andromeda version, which introduces Core V3 and Perps V3 deployments, incorporates USDC as new collateral, and expands to the Base chain. A key feature of this version is the implementation of a buyback and burn mechanism for SNX tokens using the fees generated from Perps on Base. According to SIP-345, 40% of the fees earned on Base are designated for the buyback and burn of SNX tokens, executed through a buyback and burn contract. This strategy aims to effectively allocate the fee revenue from Synthetix's multi-chain deployment.

ChainCatcher news, the synthetic asset protocol Synthetix tweeted that Perps V3 is coming soon and will be launched on Base through the Andromeda version. The next steps for V3 include the introduction of multiple collateral types, cross-margining, account-based access, liquidation upgrades, and other new features.

ChainCatcher news, according to Makerburn data, MakerDAO has once again increased its RWA assets by 50 million dollars through BlockTower Andromeda, primarily investing in short-term U.S. Treasury bonds. The annualized interest rate for this asset is 4.5%.In addition, the current total RWA assets of the protocol have reached 2.513 billion dollars.

ChainCatcher news, according to makerburn data, MakerDAO increased its RWA assets by $50 million through its RWA vault BlockTower Andromeda on August 24, primarily investing in short-term U.S. Treasury bonds.Among them, BlockTower Andromeda is an RWA vault established by the MakerDAO community to invest in short-term U.S. Treasury bonds, aiming to invest up to $1.28 billion.Currently, the total RWA assets in MakerDAO amount to approximately $2.537 billion, with assets in BlockTower Andromeda reaching $652 million.

ChainCatcher message, the Ethereum Layer 2 network Metis tweeted that it has noticed the issues occurring with PolyBridge and is in contact with the Poly Network team to minimize the impact of the attack and further assess the situation.In addition, Metis stated that there is no available sell liquidity for BNB newly minted on Metis. All funds on Metis Andromeda are safe. (source link)

ChainCatcher message, Ethereum scaling solution MetisDAO officially announces that the interoperability protocol LayerZero has officially launched on the Metis Andromeda mainnet. (Source link)