Metis Introduces Next-Gen DeFi Yield Aggregator Athena Finance

Protocol will enhance yield optimization and simplify the DeFi experience within the Metis ecosystem

TORONTO, ON / ACCESSWIRE / June 1, 2023 / In a major move to advance its mission of making DeFi more accessible to all, EVM-compatible Layer-2 solution Metis has launched Athena Finance, a powerful new tool poised to disrupt how users approach yield and DeFi.

The next-generation DeFi protocol is designed to deliver a streamlined and efficient DeFi experience by maximizing yield and reducing opportunity costs. Built on the foundation laid by Hummus Exchange, Athena Finance will play a part in lifting the Metis ecosystem to new heights, improving both capital efficiency and user experience. It integrates with the Hummus Exchange on Metis, allowing users to generate boosted yields on their deposits.

"Navigating the world of DeFi can be complicated. We are delighted to add Athena Finance to our ecosystem as it provides a straightforward alternative that addresses some common challenges like exposure to volatile assets and the complexities involved in maximizing yield," said Tom Ngo, Executive Lead of Metis L2.

The cutting-edge platform offers something for everybody looking to get the most out of their capital, from curious crypto enthusiasts to seasoned yield farmers and liquidity providers. It also includes innovative features like Vaults, which maximizes the yield of deposited tokens to generate optimal returns. Athena Finance's native crypto token, ATH, receives a ~30% share of HUM's voting power. The token is rewarded to xHUM stakers and liquidity providers.

"We are extremely excited for our launch of Athena. When deciding on where to build next, Metis was an obvious choice for us. Athena will be the first yield-boosting protocol on Metis and we expect to be the premier option for stablecoin staking.

The Metis team, community, and builders, have all been extremely supportive and helpful as we've been exploring the ecosystem. We have also been impressed with how fast the chain is, as well as its unique builder-centric tokenomics," said Dexx, Athena Founder.

Users can start exploring the official website today, and discover everything Athena Finance has to offer.

About MetisDAO

Metis is a Layer 2 solution compatible with the Ethereum network, designed to provide the infrastructure necessary for migrating all business models from Web2 to Web3. Metis's platform empowers businesses to embrace the benefits of decentralized applications, smart contracts, and blockchain protocols by offering user-friendly, scalable, and secure solutions.

About Athena Finance

Athena Finance is a next-generation DeFi protocol designed to maximize yield and simplify the DeFi experience on the Metis network. The platform allows users to deposit stablecoins and earn boosted yield from the Hummus platform without having to stake their HUM and worry about accruing veHUM. Athena Finance is part of the growing Metis ecosystem, contributing to the expansion of the DeFi landscape​​.

CONTACT:
Colin Landers
colin@energentmedia.net

SOURCE: Metis