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Project Overview
Metis is a Layer 2 built on Ethereum, as well as a multi-network ecosystem powered by the revolutionary Metis SDK. Through a dual-chain architecture—Andromeda for secure, general-purpose dApps, and Hyperion for high-performance, AI-optimized execution—Metis is building the future of decentralized infrastructure. The two chains interoperate seamlessly, enabling developers to deploy scalable, efficient, and intelligent Web3 applications across DeFi, gaming, AI, and other fields.
Event-related news
Metis Andromeda will discontinue Stargate support on October 23, and shut down the LayerZero DVN and Executor on October 30.
According to Metis official (@MetisL2), Metis Andromeda will implement two adjustments in October: ceasing support for Stargate on October 23, with LayerZero V1-related routes required to be disabled by that date; and starting October 30, LayerZero Labs' DVN (Decentralized Validator Network) and Executor will no longer provide services to Metis. Additionally, Stargate V1 pools will be shut down across all chains on December 15. The official statement indicates that most holders do not need to take any action. m.USDC, m.USDT, WETH, and METIS are issued via the Metis native cross-chain bridge and are unrelated to Stargate; minting and redemptions will proceed as usual, while the Ethereum ↔ Metis native cross-chain bridge remains unaffected. Users providing liquidity to Stargate pools on Metis must withdraw their positions before October 23. If staked, assets must first be unstaked, after which users can select the Metis Andromeda network in the Stargate application to withdraw.
Metis Launches Rise Monthly Developer Incentive Program to Reward Teams Deploying AI Agents on Andromeda Mainnet
Odaily News: On October 8, Metis announced the launch of the Metis Rise monthly developer incentive program, rewarding teams that deploy new AI Agents on the Metis Andromeda mainnet, acquire real users, and generate real on-chain economic activity.Metis stated that while many teams can currently build Agents capable of answering questions, Agents that can get paid, prove their identity, and earn sustained transaction trust remain scarce. Metis Rise aims to support developers in exploring this direction, help developers innovate, and drive the growth of AI Agent applications within the Metis ecosystem.Metis also stated that it is building an execution and data layer for AI Agents, and that Andromeda's decentralized sequencer (DSeq) can eliminate the single point of failure that trustless transactions between Agents depend on.The program focuses on the "economic usability" of AI Agents, covering four categories of needs: payments (x402), identity (ERC-8004), stablecoin escrow (Escrow), and independently verifiable on-chain signature receipts.In terms of participation thresholds, developers need to meet the following conditions each month:- At least 15 valid monthly active users;- Each counted user must complete at least 3 qualifying transactions on Metis Andromeda, or settle an amount of no less than $2 (m.USDC, m.USDT, or METIS);- Primary user transactions, settlement volume, and Gas consumption must occur on the Metis Andromeda mainnet.The program is open to all developers, but is limited to projects newly deployed on the Andromeda mainnet. It supports any AI Agent framework and hosting method, including ClawUp, GOAT AgentKit, or self-built backends, and supports a dual-chain architecture based on GOAT Network. Metis Rise is hosted by Metis, with ClawUp, GOAT Network, and LazAI as ecosystem partners.
Aave proposes to delist over 50 low-adoption reserves, involving assets worth approximately $98.1 million.
According to The Block, Aave founder Stani Kulechov announced on July 30, 2026, that Aave proposed to delist 50 low-adoption asset reserves and 21 expired Pendle PTs, and completely shut down six small deployments: Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, involving a total of approximately $98.1 million in supplied assets and $15.6 million in outstanding debt. The proposal was drafted by risk service provider LlamaRisk and executed under Aave's new risk framework, aimed at streamlining operational overhead and reducing maintenance costs for oracle and liquidation infrastructure. Affected reserves will have new activities frozen and supply and borrow caps reduced, while reserve factors for deployments pending closure will be increased to 99% to encourage users to actively close positions.
Related news
Metis Andromeda will discontinue Stargate support on October 23, and shut down the LayerZero DVN and Executor on October 30.
According to Metis official (@MetisL2), Metis Andromeda will implement two adjustments in October: ceasing support for Stargate on October 23, with LayerZero V1-related routes required to be disabled by that date; and starting October 30, LayerZero Labs' DVN (Decentralized Validator Network) and Executor will no longer provide services to Metis. Additionally, Stargate V1 pools will be shut down across all chains on December 15. The official statement indicates that most holders do not need to take any action. m.USDC, m.USDT, WETH, and METIS are issued via the Metis native cross-chain bridge and are unrelated to Stargate; minting and redemptions will proceed as usual, while the Ethereum ↔ Metis native cross-chain bridge remains unaffected. Users providing liquidity to Stargate pools on Metis must withdraw their positions before October 23. If staked, assets must first be unstaked, after which users can select the Metis Andromeda network in the Stargate application to withdraw.
Metis Launches Rise Monthly Developer Incentive Program to Reward Teams Deploying AI Agents on Andromeda Mainnet
Odaily News: On October 8, Metis announced the launch of the Metis Rise monthly developer incentive program, rewarding teams that deploy new AI Agents on the Metis Andromeda mainnet, acquire real users, and generate real on-chain economic activity.Metis stated that while many teams can currently build Agents capable of answering questions, Agents that can get paid, prove their identity, and earn sustained transaction trust remain scarce. Metis Rise aims to support developers in exploring this direction, help developers innovate, and drive the growth of AI Agent applications within the Metis ecosystem.Metis also stated that it is building an execution and data layer for AI Agents, and that Andromeda's decentralized sequencer (DSeq) can eliminate the single point of failure that trustless transactions between Agents depend on.The program focuses on the "economic usability" of AI Agents, covering four categories of needs: payments (x402), identity (ERC-8004), stablecoin escrow (Escrow), and independently verifiable on-chain signature receipts.In terms of participation thresholds, developers need to meet the following conditions each month:- At least 15 valid monthly active users;- Each counted user must complete at least 3 qualifying transactions on Metis Andromeda, or settle an amount of no less than $2 (m.USDC, m.USDT, or METIS);- Primary user transactions, settlement volume, and Gas consumption must occur on the Metis Andromeda mainnet.The program is open to all developers, but is limited to projects newly deployed on the Andromeda mainnet. It supports any AI Agent framework and hosting method, including ClawUp, GOAT AgentKit, or self-built backends, and supports a dual-chain architecture based on GOAT Network. Metis Rise is hosted by Metis, with ClawUp, GOAT Network, and LazAI as ecosystem partners.
Aave proposes to delist over 50 low-adoption reserves, involving assets worth approximately $98.1 million.
According to The Block, Aave founder Stani Kulechov announced on July 30, 2026, that Aave proposed to delist 50 low-adoption asset reserves and 21 expired Pendle PTs, and completely shut down six small deployments: Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, involving a total of approximately $98.1 million in supplied assets and $15.6 million in outstanding debt. The proposal was drafted by risk service provider LlamaRisk and executed under Aave's new risk framework, aimed at streamlining operational overhead and reducing maintenance costs for oracle and liquidation infrastructure. Affected reserves will have new activities frozen and supply and borrow caps reduced, while reserve factors for deployments pending closure will be increased to 99% to encourage users to actively close positions.
FTX Second Batch of Class Action Settlements Total Approximately $66.17 Million, Fenwick & West Agrees to Pay
Odaily Odaily News Court documents show that Fenwick & West, a Silicon Valley law firm that served as the primary external legal counsel for the FTX US exchange before its collapse in 2022, has agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in committing fraud. This settlement is part of the second batch of FTX settlements, which also include audit firm Prager Metis paying $11.75 million and former NBA player Udonis Haslem paying $420,000. The total amount of the second batch of FTX class action settlements is approximately $66.17 million.