Sirlibz
Meter has announced its partnership with Oasis Network inorder to bring their token MTR to the Oasis Network. Launching the MTR on the Oasis Network will provide a fully-decentralized, stable medium of exchange for developers building privacy focused Defi Applications.
“We are really excited to work with the Oasis Foundation. Their privacy technology is very innovative, and we believe that MTR on the Oasis Network will be a very important component of the privacy-focused DeFi ecosystem. And this will help grow and improve the overall DeFi space.” -Xiaohan Zhu, Co-Founder and CEO of Meter stated.
The Oasis Network is a layer 1, proof-of-stake, decentralized blockchain network that is designed to support end-to-end confidentiality and data ability. When the MTR token is displayed on the Oasis network, developers would then be able to integrate decentralized, stable and now private token into their Defi apps.
“Critical to mass adoption of DeFi is the ability to trade stable digital assets coupled with privacy technology. Adding permissionless and low-volatility currency without collateral to privacy, scalability, composability, and identity encourages the involvement of institutions in DeFi, significantly expanding its current scope.” -Luca Cosentino, Head of DeFi Products at Oasis said.
Meter plans on also possibly deploying their governance token MTRG, to the Oasis network sometime in the future. In addition to other launches on other blockchains made, Oasis network would be the fifth public blockchain partnership in which they’ll build a bridge. Among other launches and blockchain partnerships is the recent partnership with Elrond, Matic and TIXI and even launched their two tokens on the Ethereum blockchain called MTR and MTRG respectively.
Oasis Network
They are the first privacy-enabled blockchain platform for open finance and responsible data economy. The network is being run by the Oasis Foundation, they support the development and ecosystem of the Oasis network.
Meter
This is a Defi infrastructure that is scalable and stable. The system users use proof-of-work(POW). Meter is a Layer 1, permissionless, low-volatility currency without collateral, oracle, or regulatory risk. Meter uses an innovative economic and consensus design that separates currency creation (Proof of Work) with record keeping (Proof of Stake). Its value is supported by the price of 10 kWh of electricity, which is more stable in purchasing power than any fiat currency in the world.
