Pickle Finance

Jan 14

5 min read

Pickle Finance 💚 Metis!

Metis — goddess of wisdom, prudence and deep thought

The Pickle Finance multi-chain development juggernaut continues to roll

Metis — Layer 2 Rollup
  1. Momentum. Metis launched just two weeks ago and already has over $200m TVL with new protocols and more TVL rolling in daily!
  2. Potential. With so many new chains launching (Defillama currently tracks 91!) we want to be sure the popularity is not just a flash in the pan. Metis has been in development for over 2+ years and has focused not only on creating a new chain, but implementing many of Vitalik’s historical proposals such as the use of a rangers system to reduce bridging times.
  3. Competition. Yep this factors in too. Some chains are huge in terms of TVL but also already have established yield aggregation providers. Metis is still in growth mode and so far uncluttered with such protocols.
#airdrops

Pickle <> Metis launch incentives!

  1. Firstly, the NFT (shown at the beginning of this article) designed by fennec will be airdropped to 25 users . You can see more of fennec’s NFTs on the official Pickle Finance NFT collection!
  2. Secondly, 5 users will receive an airdrop of 1x METIS (value at time of writing $212 each, $1,060 total)
140 Pickle Jars

Metis starting Jar roster

  • 11x from Netswap ($185m TVL) many of which are currently offering insane 7 digit APYs! (highest is BNB-NETT at 6,280,891% 🤯)
  • 4x from Tethys ($14m TVL) including some great $METIS pairs
Pickle Finance

The benefits of using Pickle Finance

  1. Saves time — to auto-compound an LP position takes at least 5 transactions (more for the first which includes approvals). With a hardware wallet (which we’d recommend everyone utilizes), that’s a lot of clicks!
  2. Saves gas — Metis is much cheaper than Ethereum for gas fees, but not free/pennies, and so Pickle’s auto-compounding Jars will save significant amounts of gas fees compared to completing manually.
  3. Compounding an LP position also helps continuously ‘rebalance’ your position — if the value of the pair becomes imbalanced, regularly compounding effectively helps you to ‘buy the dip’ if a token falls in price or vice-versa if it gains.
  4. And of course, compounding positions can create huge gains in value compared to a static APR. Through the power of auto-compounding you are almost guaranteed to outperform managing your own position, unless you have a lot of time on your hands. Pickle automates that so you can spend more doing things you enjoy, while we maximize your yield returns.

Pickle is tried and trusted with over 15 months of experience. Your funds are precious, so trust them to a protocol with a strong reputation and track record.

Pickle’s Metis fee structure

  • 0% deposit fee
  • 0% withdrawal fee
  • 10% performance fee

How to get started