Metavault.Trade Next generation perp DEX with zero slippage swaps and up to 30x leverage

patricknice (34)in #hot • 2 years ago

What is Metavault.Trade?

Metavault.Trade is another sort of Decentralized Trade intended to give a great many exchanging highlights and extremely profound liquidity on many huge cap crypto resources. With Metavault Exchange you can exchange top digital forms of money with up to 30x influence right from your own wallet. Metavault.Trade is a best in class Decentralized Trade stage that doesn’t need enrollment. To begin exchanging Metavault. Exchange all you really want is a Web3 wallet.

Metavault Reason

Metavault.Trade means to be the go-to answer for dealers who need to remain in charge of their assets consistently without sharing their own information. Its imaginative plan gives it many benefits over other existing DEXs

Merchants can involve it in two ways:

Spot exchanging, with trade and cutoff orders.
Interminable fates exchanging with up to 30x influence on short and long positions.

I recall this idea while doing all essential examination and I incline in the direction of betting on projects that have a nice chance grabbing 1% of a $1,000 billion market than half of a $100 million one.

Furthermore, today I expect I have found a precious stone, which I’m delighted to give to you: Metavault.Trade, one more kind of Decentralized Exchange (DEX) that could grab somewhat level of a market where trillions of dollars in crypto are traded reliably.

Metavault.Trade — Decentralized Trading of Ceaseless Destinies:
Before plunging into the nuances of why I think Metavault.Trade is an unprecedented undertaking, I should depict the vertical it is fundamental for: “Decentralized Guilty party trading”. You can stay away from this fragment expecting you most certainly have a lot of involvement in it!

Metavault Trade Elements

A Multi-Asset Pool — The Solution for Trading Without Price Impact

The main innovation at the heart of Metavault.Trade is the multi-asset pool. This feature allows the platform to have shared liquidity across all the assets it supports. For most traders, the platform will seem as if it has infinite liquidity at a fixed price, completely removing the need for an order book.

Blockchain Technology and Oracle Pricing

Metavault.Trade launched on the Polygon Network.

The assets supported are six large caps and three stablecoins:

BTC, ETH, MATIC, LINK, UNI, AAVE
USDC, DAI, USDT

Choosing Polygon over other chains has many advantages:

Polygon transactions are fast and cheap.

It’s easy to onboard users thanks to the ramp-on and ramp-offs from exchanges.

Chainlink provides a large number of price feeds on Polygon. These are crucial for the platform’s pricing mechanism, and the listing of new assets also depends on them.

To set the price of each asset, the platform aggregates Chainlink and Time-Weighted Average Price (TWAP) pricing from major DEXes and CEXes.

This pricing mechanism benefits leverage traders in a huge way because it reduces the risk of liquidation from the temporary wicks one may find on some exchanges. These ‘scam wicks’ often come from whales manipulating the order books to liquidate other traders.

As of Q1 2022, trillions of dollars are traded monthly on crypto markets. DEXes offering perpetual trading account for about $100 billion of this total — with this number growing regularly. Metavault.Trade is well positioned to grab a share of this market, in which its direct competitors make anywhere between $5 million and $60 million in fees every month.

MVX — Governance and Utility Token

Metavault.Trade has its own governance and utility token: MVX. This token entitles the owner to a portion of the earnings accrued by the exchange through user activity. The token can also be staked to help the platform increase its liquidity, which entitles the staker to 30% of the fees collected by the platform in the form of the network’s native token — MATIC.

Escrowed MVX

The platform distributes ‘escrowed MVX’ (esMVX: a non-transferrable token) to MVX stakers, which can be used in two ways:

esMVX can be staked.

Holders will receive the same dividends as with staked MVX: MATIC from platform fees, more esMVX and multiplier points. This option allows for compound dividends to accrue.

esMVX can also be unstaked and vested to be converted and distributed as MVX. Vesting esMVX then unlocks linearly over one year, with MVX being

distributed with each unlocking.

However, the vested esMVX does not earn the staking divides.

Multiplier Points

Staked MVX receives Multiplier Points (MPs), which allow the holder to accrue protocol fee dividends. Each multiplier point earns the same amount of MATIC as a MVX token.

The longer MVX is staked for, the more MPs are accrued by the staker.

However, unstaking MVX or esMVX will mean the same amount of multiplier points are burned. For example, if one unstakes 50% of the MVX, one will lose 50% of MPs. Restaking MVX will start accruing MPs from 0.

Tokenomics and community

MVX token address : 0x2760E46d9BB43dafCbEcaad1F64b93207f9f0eD7

After staking MVX, you will receive staked MVX:

MVX stked tken addrss : 0xaCEC858f6397Dd227dD4ed5bE91A5BB180b8c430

Staking Staked MVX generates three reward types:

MATIC
esMVX
Multiplier Points

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

Metavault.Trade is built by the team behind Metavault DAO which fuels a whole ecosystem of blockchain and technology projects.

The code is a friendly fork of GMX, which has already been audited by ABDK Consulting [Find the audit here under the name ‘Gambit’, the original name of the GMX project].

As security is of utmost importance, an independent audit is about to be finalized.

After carefully considering GMX’s tokenomics, the Metavault DAO team chose to redesign them completely for Metavault.Trade. As a result, a larger proportion of the tokens have been allocated to those who invest in the platform (e.g. staking) than with GMX. The token also launched in a fair way, with no private or seed rounds.

Metavault DAO intends to be a liquidity provider in Metavault.Trade, which will make it robust and independent.

There is already a strong community backing Metavault.Trade, such as those following it through Telegram, Twitter and Discord channels.

Information

Website- https://metavault.trade

Twitter- https://twitter.com/MetavaultTRADE

Telegram- https://t.me/MetavaultTrade

Telegram bounty : https://t.me/Tokensfund_io

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

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2 years ago in #hot by patricknice (34)

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