Architecture

Locking Process

Users can lock their METIS tokens on the Metis Network, receiving artMETIS tokens with an exchange rate determined at that moment. Subsequently, Artemis aggregates METIS tokens from users and locking rewards, batching them for bridging to the Ethereum Network.

Following the completion of a 7-day challenge period, Artemis obtains the METIS tokens and initiates the locking process on Ethereum. Upon successful locking, Artemis receives the locking reward, contributing to compounding and optimizing overall rewards for users.

Redeeming Process

Users initiate the redemption process, causing the immediate burning of artMETIS tokens. The Artemis contract duly records users' requested METIS tokens.

The redemption request synchronizes with the Artemis Contract on the Ethereum network, triggering the initiation of unlocking through batch processing and other strategies.

After a minimum of a 21-day unbonding period, Artemis receives the unlocked METIS tokens and bridges them back to the Metis network.

Users can then withdraw their METIS tokens based on a "First Come First Get" rule.