# Exploring Metis with Toaster Finance By [Toaster Finance](https://paragraph.com/@toaster-finance) · 2025-02-12 --- **What is Metis?** ================== Metis is a cost-efficient **Layer 2 scaling solution on Ethereum** that offers up to 100x lower transaction fees. It achieves true decentralization by storing all transaction data on the Ethereum mainnet and utilizing an innovative **Sequencer Pool**. Unlike many Layer 2 chains that sacrifice decentralization for low fees, Metis balances cost efficiency with robust decentralization. Although fees have risen to support enhanced security, continuous innovations—especially in its **decentralized sequencer**—promise further cost reductions and improved network resilience. **What Is Toaster Finance?** ============================ [**Toaster Finance**](https://www.toaster.finance/) is a **Mobile-first DeFi portfolio management platform** designed to simplify how you track, analyze, and act on your on-chain investments. In a landscape where most users juggle assets across multiple protocols—Aave, Uniswap, Lido, and more—Toaster consolidates all your positions into one real-time dashboard. Instead of hopping between disconnected protocol interfaces, you get a clear view of your overall performance, including detailed profit and loss (P&L) metrics. * * * **Exploring Metis' Decentralized Sequencer** ============================================ As the first decentralized rollup platform, Metis has established a fully decentralized sequencer pool. Central to this innovation are two key protocols: **Artemis Finance** and **ENKI Protocol**. [**Artemis Finance**](https://artemisfinance.io/) is a liquid staking protocol built specifically for **Metis' Decentralized Sequencer.** By staking METIS on Artemis, users can earn passive income while contributing to network security. When you stake METIS on **Artemis**, you receive: ✅ **18% Sequencer APR** – Earn staking rewards from Metis’ Decentralized Sequencer✅ **Airdrop Points** – Accumulate points for the upcoming Artemis protocol token This dual-reward system makes Artemis a compelling choice for maximizing staking returns. _Note: Artemis APR is estimated based on a 10% airdrop allocation at a $50M fully diluted valuation.APR = 18% Sequencer APR + 10% × $50M / current TVL_ [**ENKI Protocol**](https://www.enkixyz.com/) is a Metis-native liquid staking platform designed with a **dual-token model**, allowing users to stake METIS while maintaining liquidity for DeFi activities. **ENKI** offers two staking options: ✅ **Mint Only** – Stake **METIS** to receive **eMETIS**, which can be used in Metis-based DeFi applications. However, Mint Only users do not receive Sequencer APR, meaning they miss out on the key benefits of Metis' Decentralized Sequencer Pool. ✅ **Mint & Stake** – Stake **METIS** to receive **eMETIS**, then stake eMETIS again to receive **seMETIS**, which qualifies for Sequencer APR. This option allows users to maximize staking rewards. _Note: Sequencer staking rewards are shared only among seMETIS stakers. If you choose Mint Only, your METIS is still used for Sequencer staking, but the rewards are distributed exclusively to Mint & Stake users._ ### **With Toaster Finance: Track History, Invest Smarter** ![Toaster Historical Data View for Artemis and ENKI](https://storage.googleapis.com/papyrus_images/9e09b37b0d2e81087cf86056457f9938b5945c19aa525006f0487b7878f5f962.png) Toaster Historical Data View for Artemis and ENKI With **Toaster Finance**, users can access **historical insights and real-time analytics** for key Metis ecosystem protocols like **Artemis and ENKI**, enabling a deeper understanding of their performance over time. Toaster allows you to: * **Track APR Trends Over Time**: Monitor how staking yields on **Artemis and ENKI** fluctuate and compare them historically. * **Analyze TVL Growth**: See how liquidity in **Artemis and ENKI** (and other protocols) evolves over time to identify trends and opportunities. > 💡 **Invest Smarter, Faster** > > Looking to stake or invest but don’t have the required token? **With Toaster Finance, you can seamlessly swap into the necessary tokens and complete your investment in a single step.** * * * **Exploring Metis' DEXs** ========================= ![Metis' DEXs: Hercules, Netswap, WAGMI](https://storage.googleapis.com/papyrus_images/c756536a81917bcfa8225facf07326ad12c9b47c6096a3eb1a2a41f0b1d6e2a3.png) Metis' DEXs: Hercules, Netswap, WAGMI Metis supports a range of decentralized exchanges (DEXs) catering to different trading needs. Below is an overview of three key DEX platforms: **Hercules (** [**Website**](https://www.hercules.exchange/) **)** Built on **Algebra DEX**, Hercules offers deep liquidity and efficient swaps with minimal slippage. It ranks #1 in the Metis DEX rankings with a **TVL of $3.58M** and a cumulative volume of **$729.83M**. Its top liquidity pool is METIS+m.USDC with a TVL of $987K and APR of 52.71%. **Netswap** **(** [**Website**](https://netswap.io/#/home) **)** As a **Uniswap V2-based** DEX, Netswap provides a streamlined and user-friendly trading experience. It ranks #2 in the Metis DEX rankings, holding a **TVL of $3.27M** and a total trading **volume of $3.116B**. Its top liquidity pool is METIS+m.USDT with a TVL of $517K and APR of 22.98%. **Wagmi (** [**Website**](https://app.wagmi.com/trade/swap) **)** Leveraging **Uniswap V3**, Wagmi offers optimized liquidity pools for advanced trading strategies. It ranks #3 in the Metis DEX rankings, it has a TVL of $1.64M and $381M in cumulative volume. Its top liquidity pool is WMETIS-WAGMI with a TVL of $1,326K and APR of 2.71%. ### **METIS Ecosystem Dex Overview** ![](https://storage.googleapis.com/papyrus_images/e7284af4f00790b170455b86b117feb8d86f3fbf5d3a090d2b500f628224d56d.png) ### **With Toaster Finance: Meet the Ultimate DEX Aggregator** With Toaster Finance, you can use Metis DEXs (Hercules, Netswap, and Wagmi) in the most convenient, easy, and cost-effective manner. ![Auto Rebalance and Swap Routing Flow in Toaster Finance](https://storage.googleapis.com/papyrus_images/4927a26441fc3ef7b92a036ca0fa81273b87999c29a9d87dad83b18f4283eb2b.png) Auto Rebalance and Swap Routing Flow in Toaster Finance ### **For Swappers** Toaster Finance acts as a **DEX aggregator**, finding the **most efficient swap route** across multiple DEXs within the Metis ecosystem. Instead of manually comparing platforms, Toaster Finance **automates the process**, ensuring better pricing and reduced slippage. ### **For Liquidity Providers** Managing token ratios for **DEX liquidity pools** can be tricky. Determining the right token proportions isn’t always a simple 50:50 split—a common headache for many LP providers. Toaster Finance **automates rebalancing**, converting tokens into the most efficient ratio for LP provisioning—eliminating leftover tokens and maximizing efficiency. * * * ### **Exploring Toaster NFT on Metis** After exploring the thriving Metis DeFi ecosystem, enjoy seamless integration of these protocols on a single dashboard with Toaster—no more juggling multiple interfaces. Once you’ve participated through Toaster, mint a Toaster NFT to commemorate your experience. **Learn More about the Toaster NFT on Metis:** [https://mirror.xyz/0x30CAEb399186E087668e85F4424ea39Baf4981aD/7w2-oirbyfYqDWpGse6MzXKNzO6cq4Ku1KvSWRqhioE](https://mirror.xyz/0x30CAEb399186E087668e85F4424ea39Baf4981aD/7w2-oirbyfYqDWpGse6MzXKNzO6cq4Ku1KvSWRqhioE) * * * ### **Explore Toaster Finance** [Website](https://www.toaster.finance/?utm_source=mirror-explore-metis&utm_medium=mirror) | [X(Twitter)](https://x.com/toasterfinance) | [Discord](https://discord.com/invite/x8D2MhU6T8) --- *Originally published on [Toaster Finance](https://paragraph.com/@toaster-finance/exploring-metis-with-toaster-finance)*