Introduction
This preserved section contains legacy technical specifications.
The MATE Metaprotocol is a decentralized, trustless, and permissionless protocol that enables users to send transactions on Ethereum L1's mempool (and ANY mempool) to conduct transactions with zero fees and instant finality, all while benefiting from the robust security of the Ethereum L1 network. This innovative approach transforms the traditional role of the mempool from a mere waiting area for transactions into a dynamic, low-cost transaction layer.
How it works
The core idea behind MATE Metaprotocol was to utilize the Ethereum L1 mempool not just as a waiting area for pending transactions, but as a medium to relay transactions between users and specialized entities known as "Fishers". This unique approach allows users to bypass the high gas fees associated with direct Ethereum on-chain inclusion, making transactions significantly more cost-effective. Today's solution works listening to ANY mempool, private APIs andany other traditional communication channel, including but not limite to SMS, QR codes and NFC tags.
User Transaction Creation
Users craft transactions specifically for the MATE Metaprotocol, distinct but compatible with the standard Ethereum format. Each transaction is structured to be recognized by MATE's network and is cryptographically signed by the user's private key at least one time, while sometimes there is metatransactions inside one single tranaction. This design ensures both MATE compatibility and transaction authenticity, allowing users to engage with a zero cost ecosystem while maintaining Ethereum-grade security.
Transaction Submission
Rather than sending transactions targeting blocks, users submit them to any mempool (including Ethereum L1) just for authentication and propagation. This strategic move allows transactions to enter the nodes ecosystem without triggering costly on-chain execution. By repurposing the mempool as a communication layer, users leverage Ethereum's and any other blockchain security and network effects without incurring in gas fees.
Fishers
Fishers are specialized MATE relayers engineered to monitor Ethereum's and any other mempool continuously, serving as anonymous nodes. Using advanced filtering techniques, they identify, extract, and capture MATE-specific transactions from among standard ones. This process requires deep knowledge of both networks, enabling fishers to seamlessly transfer transactions from the Fishing Spot (blockchains mempool environment) to MATE's for efficient processing.
Rewards:
To participate, fishers must stake MATE tokens, converting them to sMATE. This requirement creates a various incentives, not limited to:
- Staking: limits the amount of competition and unlocks access to generate Yield.
- Rewards: additional MATE rewards for successful transaction processing promotes active, high-quality participation.
- Governance: sMATE allows a participant to vote in the governance.
This dynamic system scales rewards based on performance, driving constant network improvement.
Token Support
MATE ensures broad usability by supporting various Ethereum L1 assets. It's compatible with ERC20 tokens, covering most Ethereum-based assets. Additionally, through its Treasury, MATE supports native ETH. This multi-token support allows users to transact with a wide range of assets—from stablecoins to ETH itself—all within MATE's gasless structure.