Metavault.Trade is a new kind of Decentralised Exchange, designed to provide a large range of trading features with deep liquidity

in #meta • 2 years ago

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What Is Decentralized Finance (DeFi)?

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

Some of the key attractions of DeFi for many consumers are:

  • It eliminates the fees that banks and other financial companies charge for using their services.
  • You hold your money in a secure digital wallet instead of keeping it in a bank.
  • Anyone with an internet connection can use it without needing approval.
  • You can transfer funds in seconds and minutes.1

KEY TAKEAWAYS

  • Decentralized finance, or DeFi, uses emerging technology to remove third parties in financial transactions.
  • The components of DeFi are stablecoins, software, and hardware that enables the development of applications.
  • The infrastructure for DeFi and its regulation are still under development and debate.

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What Is Metavault.Trade?

Traders can use it in two ways:

  • Spot trading with swaps and limit orders.
  • Perpetual Futures trading with up to 30x leverage on short and long positions.

Metavault.Trade aims to become the go-to solution for traders who want to stay in control of their funds at all times without sharing their personal data. Its innovative design gives it many advantages over other existing Dees:

  • Very low transaction fees.
  • No price impact, even for large order sizes.
  • Protection against liquidation events: the sudden changes in price that can often occur in one exchange (“scam wicks”) are smoothed out by the pricing mechanism design relying on Chainlink price feeds. All-in-one platform: Spot and Leverage trading.

Overview

MVLP consists of an index of the assets used on the platform for swaps and leverage trading. Users can mint MVLP by adding any index asset to the liquidity pool (LP) while MVLP is burned each time a user removes any index asset from the LP.

MVLP holders earn rewards in the form of MATIC and esMVX tokens.

The MVLP token is designed to supply the liquidity required for leverage trading. As such, MVLP holders are the liquidity suppliers and they make a profit when leverage traders make losing trades. On the contrary, they make a loss when leverage traders make profitable trades. Past Pall data and other stats can be viewed on https://stats.metavault.trade/.

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Minting and Redeeming

MVLP can be minted and redeemed by going on the “Buy” page from the header and clicking on the “+ LIQ.”, “- LIQ” buttons in the MVLP boThis will take you to the following screen where you will see a recap of all MVLP characteristics:

  • Price.
  • Wallet holdings.
  • APR
  • Total supply

In box 1 you can choose to mint (“+ LIQ” button) or redeem (“- LIQ”) MVLP. You can choose any index asset to spend or redeem using either button 2 or any of the buttons in zone 3.

After having chosen an asset, enter an amount in order to see the fees required in zone 4.

The price for minting and redemption is calculated based on the total worth of assets in the index including profits and losses of open positions / MVLP supply.

Being able to provide/redeem the assets the most/less sought after by the protocol will allow you to lower your fees.

Please note that minted MVLP immediately starts accruing rewards and that there is a holding time of 15 minutes after minting before you can redeem MVLP tokens.

Token omics

MVX is the Metavault. Trade’s governance and utility token.

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Token Information

MVX token address: 0x2760E46d9BB43dafCbEcaad1F64b93207f9f0eD7

After staking MVX, you will receive staked MVX:

MVX staked token address: 0xaCEC858f6397Dd227dD4ed5bE91A5BB180b8c430

Staking

Staked MVX generates three reward types:

  • MATIC
  • MVC
  • Multiplier Points

30% of swap and leverage trading fees are converted to $MATIC and distributed to the accounts staking MVX.

Treasury Assets

The MVX-USDC LP liquidity is provided and owned by the Protocol (MVX Treasury). 100% of the fees from this trading pair are converted into USDC and deposited into the MVLP as Protocol-owned liquidity of the MVX Treasury every Friday.

Supply

The maximum supply of MVX is 10,000,000. Minting beyond this maximum supply is controlled by a 28-day timeclock, an eventuality that will only be considered if the demands of the protocol necessitate an increase in the supply.

Circulating supply changes are dictated by the number of tokens that are distributed through other DEXs, vested, burnt, and spent on marketing.

MVX allocations are:

MVX token price at launch: 1 USDC

  • GMX community sale = 200,000 MVX at 20% discount (0.8 USDC/MVX), 200 slots
  • Whitelisted public presale = 1,000,000 MVX at 10% discount (0.9 USDC/MVX), 500 slots
  • Metavault DAO community sale = 300,000 MVX at 20% discount (0.8 DAI/MVX), 300 slots
  • Total $ to be raised in presale: 1,060,000 USDC + Metavault DAO Treasury allocation from MVD -> MVX sale
  • -> 500,000 USDC paired with 500,000 MVX initial liquidity V3 Pool
  • -> 60,000 USDC as marketing budget
  • -> 500,000 USDC as initial MVLP liquidity (owned by the MVX Treasury)

Compound or Claim rewards

Users can claim rewards anytime by going to the “Earn” page and clicking on the “Claim” button in zone 1, the “Total Earning” box.

Claiming will transfer any pending esMVX and MATIC rewards to your wallet.The platform also has a one-click way of compounding all rewards. This will be very helpful to users who want to maximize their earnings.

Clicking on the “Compound” button will send a batch transaction with only one confirmation needed. You will see a recap of all the transactions that will happen before confirming the transaction in your wallet:

  • Claiming and then staking unvested MVX and/or MVC.
  • Staking MPs.
  • Claiming WMATIC rewards and converting them to MATIC.
  • Claiming WMATIC and compounding them into MVLP or MVX

Please note that compounded or manually staked esMVX can be unstacked for vesting at any time.

MVX box:

  • Buy, stake, unstack MVX.
  • Stake, unstack, vest (available soon) MVC
  • Transfer account to another wallet (see dedicated section)

Vesting

It is possible to convert esMVX to MVX through the vesting process, which involves reserving the average of MVX and MVLP that was used to earn the MVC.

While vested, a small amount of esMVX gets converted into MVX every second.

This MVX is claimable immediately.

If the account misses the MVX or MVLP required to vest, the user has to purchase these tokens again.

Tokens may get deposited into a user’s vault at any point during vesting.

Distribution Rate

Distribution rates change on a monthly basis.

June 2022: 50,000 esMVX for MVLP provider & 50,000 esMVX for MVX staker

July 2022: 60,000 esMVX for MVLP provider & 60,000 esMVX for MVX staker

August 2022: 50,000 esMVX for MVLP provider & 50,000 esVMX for MVX staker

September 2022: 50,000 esMVX for MVLP provider & 50,000 esVMX for MVX Staker

Detailed Rewards Mechanics

MVX holders are strongly incentivized to stake their tokens on the platform because this gives them three different types of rewards. They get:

  • A share of the platform fees — is paid in MATIC.
  • A new token: esMVX, generates its own rewards.
  • Multiplier Points (MPs) are yet another way to boost your MATIC earnings even more.

Let’s examine each one of these rewards and how they add up in detail.

MATIC rewards from platform fees

This is the simplest form of reward and the easiest to understand: MVX stokers will get 30% of the fees collected from across the platform in the form of MATIC.

In the case of blockchains other than the Polygon network, the rewards are paid in the native token of the blockchain, e.g. NEAR in the case of Near Protocol.

Metavault.Trade generates revenues by charging traders small fees when they use the platform for the following:

  • Swaps — fees vary according to the levels of the swapped assets in the pool.
  • Opening and closing trades — fee of 0.1% of the position size.
  • Borrowing to leverage trade or short an asset — fee of 0.01% * (assets borrowed) / (total assets in pool), deducted at the start of every hour.

The other situations earning fees for the platform are when:

  • Traders with leveraged positions are being liquidated — a fee of 10% of the position.
  • The liquidity providers mint or redeem MVLP — this is called the “rebalancing fee”, it depends on the state of the pool.

The chart below summarizes the platform fees and how they flow back to MVX and MVLP stokers after being converted to MATIC.

How To Buy The Continental & Trade On Exchange?

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Metavault Trade Decentralized Perpetual Exchange

Trade Top Cryptocurrencies With Up To 30x Leverage Directly From Your Private Wallet.

Reduce Liquidation Risks

An Aggregate Of High-Quality Price Feeds Determines When Liquidations Occur. This Keeps Positions Safe From Temporary Wicks.

Save On Costs

Enter And Exit Positions With Minimal Spread And Zero Price Impact. Get The Optimal Price Without Incurring Additional Costs.

Simple Swaps

Open Positions Through A Simple Swap Interface. Conveniently Swap From Any Supported Asset Into The Position Of Your Choice.

Available On The Following Networks

Metavault Trade Is Currently Deployed To Polygon Network And Fantom Opera.Near Protocol Is Coming Soon.

Trading

Metavault.Trade Is A Cutting-Edge Decentralised Exchange Platform That Doesn’t Require Registration. To Start Trading On Metavault.Trade All You Need Is A Web3 Wallet.

FOR MORE INFORMATION CONNECT TO:

Website: https://metavault.trade

Telegram: https://t.me/MetavaultTrade

Twitter: https://twitter.com/MetavaultDAO

Medium: https://metavault.medium.com

Discord: https://discord.com/invite/b2fPrbmPza

Github: https://github.com/metavaultorg

Documents: https://docs.metavault.trade


author : RaphinhaAnor

BTT : https://bitcointalk.org/index.php?action=profile;u=3508471

Wallet Address: 0xA38928f225d3709C8647B9a6B60de57d5340D5A7

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