Metis CEG Program: Omni - The Open Liquidity Network

Omni is a restaking secured blockchain purpose built to connect all of Ethereum’s rollups, empowering developers to build apps across all L2s. With the launch of rollups, the Ethereum ecosystem has solved the problem of expensive transactions. However, this has come at the cost of fragmentation. Now users, their capital and applications are scattered across an array of rollup solutions. Through leveraging new technologies like restaking, Omni solves this fragmentation by providing by far the most secure and simple way to deploy cross-rollup applications for Ethereum developers.

The Open Liquidity Network For our next testnet, we are working with a number of projects (Injective, Flow, Sei, Sushi, and more) to embrace existing open standards, such as xERC-20 (see more below), and push for new ones. These standards will allow tokens to be natively accessible across all EVM chains. We will be spinning up a number of gamified apps on our testnet to test these standards ahead of our mainnet launch.

Proposal for Metis We want Metis to give us support to mint a testnet xERC20 (new open token standard pioneered by EIP-7281) version of $METIS on Arbitrum, Optimism and Polygon rollups (all in testnet environment) so that we can load test our network ahead of launch.

We will run missions on testnet dApps for users to move these xERC20 tokens across the rollups. We have a suite of apps specifically designed to do this in a gamefied way to help bring Metis additional attention.

There is no dev work needed on the Metis end, just support to test our network with a testnet xERC20 version of $METIS. We are also happy to add reLSTs, LSTs, etc, as there are potentially many opportunities for Metis-native tokens to reach new networks.

Practically, the only work on the Metis side would be a couple tweets and quote tweets to announce the partnership.

Benefits Open standards like xERC-20 allow tokens to be natively deployed on any EVM chain. This removes the need for wrapped/bridge tokens. This means that liquidity becomes unified across all chains. Users would be able to access their native $METIS on any chain that supports it. This opens doors for all kinds of seamless interoperability.

Relevant Resources

Omni Website: https://omni.network/ 1 Docs: https://docs.omni.network/ Blog: https://blog.omni.network/ Twitter: https://twitter.com/OmniFDN

xERC-20 Website: https://www.xerc20.com/ 1

The Open Liquidity Network https://x.com/OmniFDN/status/1743287906184159439?s=20