Introduction

What is Artemis

Artemis Finance is a liquid staking protocol designed exclusively for Metis Decentralised Sequencer Pools. Users can stake their METIS token on Artemis Finance and receive the liquid token - artMETIS.

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.

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. Users generate artMETIS corresponding to the locked token amount, earning locking rewards. Upon unlocking, users burn the artMETIS 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, allowing easy transferability. Users not only receive locking rewards from sequencing activities but also have the flexibility to sell artMETIS whenever they wish to exit their locking position.

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

• DeFi Composability, artMETIS will be available to use in various DeFi scenarios such as trading, lending and borrowing, and yield trading. Users can utilize artMETIS 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 enhances the reliability of Artemis. Artemis provides a robust infrastructure service that lowers the entry barrier for users to access the advantages of a decentralized sequencer network. Initially, Artemis will leverage the expertise of Metis Foundation node operators to handle sequencing tasks, while also pursuing the establishment of its own sequencer in the future.