Metavault.Trade is one of the platforms that provides various trade and liquidity features for many crypto assets

in #metavault2 years ago

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Overview

In recent years global finance has experienced tremendous progress. One of the most recent and significant advances in the world of technology is Cryptocurrency. To trade these cryptocurrencies people generally used exchanges, some of them are Centralized, some are Decentralized and some are Hybrid. All these exchanges are having their Pros and Cons in terms of Juridical status, Asset Control, Stability, Functionality, and Security.

Centralized crypto exchanges have very useful interfaces for cryptocurrency traders, and also provide customer services but they have a very important problem of crypto custody they are keeping users' crypto assets on their own servers which are easily vulnerable to hackers.

When it comes to Decentralized Exchanges, despite their secure nature these exchanges are far from providing ease of use for their users, in decentralized exchanges, we cannot find many opportunities, especially limit functions in order to execute an order, fiat currency, and liquidity issues.

The idea of emerging as Metavault.Trade Exchange has come forward with the aim of producing an answer to the situation and the problems that we have appeared in Centralized and Decentralized exchanges.

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What is Metavault.Trade?

Metavault.Trade is a new kind of Decentralised Exchange designed to provide a large range of trading features and very deep liquidity on many large-cap crypto assets. With Metavault Trade you can trade top cryptocurrencies with up to 30x leverage directly from your private wallet. 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.

Aim of Metavault

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 DEXes

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.

Features of Metavault Exchange

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  • Low Costs - Very low transaction fees.

  • No price impact, even for large order sizes.

  • Simple Swaps - Open positions through a simple swap interface. Conveniently swap from any supported asset into the position of your choice.

  • Reduced Liquidation Risks - 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.

  • All-in-one platform: spot and leverage trading.

  • A multi-asset pool - 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.

Ecosystem of Metavault.Trade

  • MVLP ( Liquidity Providing incentivization) - MVLP is the platform's liquidity token. Metavault.Trade needs a multi-asset pool with a lot of liquidity. To ensure this is the case, the platform has a very generous incentive program: 70% of the platform fees are redistributed to the liquidity providers who minted MVLP by pooling their crypto assets. MVLP acts as a counterweight to the leverage traders on the platform, with their losses flowing back into MVLP.

  • MVX - Metavault.Trade has its own governance and utility token: MVX. Holders are incentivized to stay in for the long run, with many rewards that will quickly accumulate. MVX stakers will get 30% of the fees collected by the platform in the form of the network’s native token — MATIC on Polygon.

Escrowed MVX

MVX stakers will also be rewarded in “escrowed MVX” (esMVX), a non-transferrable token that can be used in two ways:

  • esMVX can be staked. It will then earn the same rewards as staked MVX: MATIC rewards from platform fees, more esMVX, and multiplier points. This is probably the most interesting option as it compounds rewards and generates higher APR and earnings.

  • 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 rewards.

  • Vesting your esMVX also requires you to lock the average MVX/MVLP with which you earned your esMVX in a vault. The MVX/MVLP in this vault cannot be sold, but does still accrue rewards. The locked MVX/MVLP in the vault can always be withdrawn, but this will prevent any further vesting of esMVX.

Multiplier Points

  • Staked MVX receives Multiplier Points (MPs) that allow the holder to accrue protocol fee rewards: each multiplier point earns the same amount of MATIC as a MVX token. The longer you leave MVX staked, the more MPs you accrue.

  • MVD - Metavault.Trade is built by the team behind Metavault DAO which fuels a whole ecosystem of blockchain and technology projects. Metavault DAO intends to be a liquidity provider in Metavault.Trade, which will make it robust and independent.

Tokenomics

MVX is the Metavault.Trade's governance and utility token. After staking MVX, you will receive staked MVX. 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.

  • Token Name: Metavault Trade
  • Token Symbol: MVX
  • Total Supply: 10,000,000.
  • Token Type: Utility
  • Network: Polygon Matic

Conclusion

The DeFi market has expanded rapidly in recent years. As the cryptocurrency industry continues to grow, a number of challenges remain — liquidity, security, scalability, and trustless custody, to name just a few. To provide the best trading experience, trading platforms require access to secure, accurate, real-time financial market data on blockchain networks.

Metavault.Trade is one of those platforms and it is designed to provide a large range of trading features and deep liquidity for many crypto assets. The Metavault.Trade bridge opens the floodgates for liquidity to seamlessly flow and users to easily onboard into Metavault.Trade on Polygon from 7+ chains!

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Username : ciung_lee
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