Meter is Layer 1 DeFi infrastructure with a Proof-of-Work-mined, low-volatility coin, MTR, at its core.
MTR is a fully-decentralized, permissionless, stable cryptocurrency that eliminates counterparty, regulatory, and oracle risks found with crypto- and fiat-backed coins.
The Meter system uses Proof of Work to create the MTR stablecoin and Proof of Stake with the MTRG governance coin to validate transactions.
DeFi app developers can use Meter as: 1) a programmable Layer 1 infrastructure with MTR as the secure medium of exchange, or 2) as a sidechain to other blockchains to allow value interaction across crypto assets.
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