Meter is DeFi infrastructure with a built-in, crypto-native, metastable currency, MTR. It uses HotStuff based PoS consensus with MTRG (Meter Governance Token) to manage the blockchain ledger. Meter functions as a highly-decentralized, high-performance side chain for Ethereum and other public chains.
MTRG is the governance token of the Meter system. Holders of MTRG can perform the following actions:
- Stake MTRG tokens directly as a PoS validator or delegate to other PoS validators to approve transactions and earn MTR.
- Earn various fees paid in MTR from the on-chain auction and on-chain/cross-chain transactions.
- Stake MTRG tokens in future DeFi apps created by the Meter team.
- Participate in governance of the Meter system.
MTRG holders will be able to vote on major changes to monetary policy, MTR production parameters, new feature additions, and other governance-related issues.
