Introduction

What is Artemis

Artemis Finance is a liquid staking protocol designed for multiple networks, including Metis Decentralised Sequencer Pools and GoatNetwork. Users can stake their METIS token on Artemis Finance and receive the liquid token - artMETIS. For GoatNetwork, Artemis supports staking of BTC, DOGEB, and BTCB tokens, providing corresponding liquid staking services.

Artemis offers METIS holders a streamlined opportunity to participate in the Decentralized Sequencer and earn profits. Simultaneously, participating users will receive a liquid wrapper called artMETIS, which automatically accumulates earnings. This single-wrapper mechanism provides a simpler and more unified user experience, eliminating the need for additional costs to incentivize liquidity across multiple wrappers. This approach makes it easier to build a robust DeFi usage scenario. For GoatNetwork users, Artemis provides a similar liquid staking experience for BTC, DOGEB, and BTCB, allowing users to participate in GoatNetwork's ecosystem and earn rewards.

How does Artemis work

Artemis protocols aggregate user tokens for locking with sequencer nodes and direct these locking packages to Metis locking pool on Ethereum or GoatNetwork's corresponding pools. Users generate artMETIS (for Metis) or corresponding liquid tokens (for GoatNetwork tokens) based on the locked token amount, earning locking rewards. Upon unlocking, users burn the liquid tokens to initiate the network-specific withdrawal process, reclaiming the balance of lock and accrued rewards.

Why Artemis

• Artemis Finance offers users liquidity by having artMETIS or other liquid tokens, allowing easy transferability. Users not only receive locking rewards from sequencing activities but also have the flexibility to sell their liquid tokens whenever they wish to exit their locking position.

• Single LST Structure, Artemis offers a single yield-bearing liquid wrapper for staked METIS tokens, and corresponding wrappers for GoatNetwork tokens, simplifying the user learning curve and enhancing liquidity concentration.

• DeFi Composability, artMETIS and other liquid tokens will be available to use in various DeFi scenarios such as trading, lending and borrowing, and yield trading. Users can utilize these liquid tokens as fundamental components in DeFi protocols while concurrently earning locking rewards from sequencing activities.

• Governance by Artemis Community ensures a decentralized decision-making process. All protocol decisions are subject to Community voting, and every ART holder has the right to participate in these decisions.

• Utilizing Metis Foundation node operators and GoatNetwork node operators enhances the reliability of Artemis. Artemis provides a robust infrastructure service that lowers the entry barrier for users to access the advantages of decentralized sequencer networks. Initially, Artemis will leverage the expertise of Metis Foundation and GoatNetwork node operators to handle sequencing tasks, while also pursuing the establishment of its own sequencer in the future.