Equalizer And Meter Aiming To Make DeFi Multi-Chain Infrastructure Faster, More Flexible And Reliable
Equalizer is continuing to adopt new approaches to making flash loans available to a broader range of users in more industries and areas of application. We are delighted to announce that we have entered into a new partnership with Meter.io.
Meter is a high-performance infrastructure that allows smart contracts to scale and travel seamlessly through heterogeneous blockchain networks. The system is a decentralized EVM-compatible sidechain capable of operating in parallel with Ethereum and other public networks. Based on the PoW algorithm, Meter operates using its low-volatility MTR coin that acts as the internal unit of settlements for fees and for payments. The system also employs the HotStuff-based PoS MTRG governance coin for validating transactions.
The use of the hybrid consensus algorithm allows Meter to process thousands of transactions per second, reaching finality almost instantly with a high degree of security. Developers of DeFi Dapps can also rely on the HotStuff-consensus PoS chain as an EVM-compatible sidechain for deploying a broad range of solutions.
Meter can be used for a variety of applications, including DeFi infrastructure Dapp building, blockchain agnostic Interoperable token and data transfers, payment processing, or value storage, considering that Meter maintains its long-term value by being pegged to 10 kWh of electricity, one of the most stable resources in the world.
The partnership between Equalizer and Meter pertains to industry development, as both projects are designed for multi-chain opportunities. The projects aim to create a more accessible and efficient environment for their users.
Julian Nita, the Equalizer’s project lead, shared his thoughts about perspectives of cooperation with Meter:
“The DeFi market is developing extremely fast. Every time we have to seek new opportunities for advancing Equlizer’s mission. Meter gives the solution for problems of most crypto projects like issues with scaling and interoperability. I believe that multi integration of our services with multi-chain infrastructure will lead our projects to a new level”.
About Meter
Meter is DeFi infrastructure with a built-in, crypto-native, metastable currency, MTR. It uses HotStuff based PoS consensus with MTRG (Meter Governance Token) to manage the blockchain ledger. Meter functions as a highly decentralized, high-performance sidechain for Ethereum and other public chains. Meter is working to create metastable sound money independent of the fiat system, address performance issues that current chains are facing with our Hybrid PoW/PoS + HotStuff consensus that is backward compatible with Ethereum, Interconnect with other public chains like ETH and run as a side chain to enable scaling and value interaction.
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About Equalizer
Equalizer is the first dedicated flash loan marketplace built on top of a scalable infrastructure that can handle the rising demand for decentralized lending and borrowing, boosting the trading volumes of any listed asset. It offers top benefits over popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities. Equalizer enables profitable trading strategies for arbitrage, liquidations, portfolio rebalancing and collateral swapping.
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