Overview

Meter is a DeFi infrastructure platform designed to address two major limitations in the blockchain ecosystem: the lack of a stable and decentralized unit of account for DeFi, and the need for scalable, interoperable blockchain networks. Serving as a highly decentralized, high-performance, EVM-compatible sidechain for Ethereum and other public chains, Meter enables decentralized applications, such as DEXs, synthetic asset platforms, and lending protocols, to operate efficiently with fast throughput, instant finality, and resistance to front-running and censorship. The system introduces a metastable cryptocurrency, MTR, created through Proof of Work and pegged to 10 kWh of electricity to maintain long-term value, making it suitable for everyday transactions. In parallel, MTRG serves as the governance token in a HotStuff-based Proof of Stake system used to validate transactions and secure the network. Meter also features the Meter Passport, a multi-chain router that enables seamless cross-chain asset transfers and smart contract communication. As an open-source platform built on principles of decentralization, fairness, and financial independence, Meter aims to fulfill the vision of sound, crypto-native money while enabling developers to build fast, low-cost, interoperable DeFi applications.

Whitepaper & Documents