Metis has restarted the decentralized sequencer (DSEQ) to transform DeFi within the ecosystem, and ENKI will be the first participant in the DSEQ restart event. The program introduces performance-based rewards, enhanced liquid staking token (LST) incentives, and will focus more on aligning the interests of infrastructure operators and participants.
The strategic significance of decentralized sorter restart
The Decentralized Sequencer (DSEQ) reboot aims to:
Solidify the DeFi foundation by aligning LST incentives.
Link user incentives with protocols to promote sustainable development of the ecosystem.
Increase the attractiveness of Metis as a decentralized infrastructure by establishing closer connections between users, projects, and sorter nodes.
ENKI: Leading the Decentralized Sequencer Reboot
As the leading LST protocol in the Metis ecosystem, ENKI’s key roles in the Decentralized Sequencer (DSEQ) reboot include:
Strengthening the reward structure: ENKI will receive 15,000 METIS tokens from DSEQ node operations and LST protocol incentives. These rewards are designed to enrich the liquidity pool and increase user participation.
LST Integration Benefits: By redesigning the rewards distribution method for decentralized sequencer operations, ENKI will help improve liquidity and bring sustainable reward opportunities.
Setting standards: As the first protocol in the DSEQ reboot, ENKI will establish benchmark indicators such as liquidity depth, reward distribution efficiency, and user engagement as future guiding norms.
ENKI User Participation Process and Rewards
ENKI allows users to seamlessly obtain higher returns and ecosystem rewards from the operation of the centralized sequencer (DSEQ). The specific process is as follows:
Metis exchanged for eMetis: Users deposit Metis to obtain eMetis, a liquid staking token pegged 1:1 to Metis.
Convert eMetis to seMetis: To maximize stable returns, users can convert eMetis to seMetis, a token that provides sustainable rewards.
seMetis unlocking and incentive mechanism:
70% of the total rewards unlock immediately.
30% unlocked within 90 days at a 10:1 ratio for ENKI tokens to ensure sustainability.
Participate in liquidity pools: Provide liquidity for incentive pools such as ENKI/Metis, ENKI/NETT, and eMetis/Metis on decentralized exchanges to earn transaction fees and additional rewards.
How a decentralized sorter reboot benefits the ecosystem
Supporting DeFi protocols: By creating stable liquidity pools and incentivizing long-term participation, protocols are able to thrive in the Metis ecosystem.
Empowering users: Users can obtain reliable rewards through DSEQ earnings, providing liquidity, and participating in protocol interactions.
Enhanced network security: Decentralized sorter nodes help improve the overall security and reliability of the Metis network.
Driving ecosystem growth: The reboot ensures capital flows efficiently, benefiting all participants while fostering innovation.
Looking ahead
The DSEQ reboot led by ENKI is just the beginning. Metis will expand its ecosystem in the following ways:
Cross-protocol LST applications and composability.
Optimize the reward distribution mechanism based on network activity.
Develop new integrations in DeFi, GameFi, and more.
