Metavault.Trade — Simple And Low-Cost Spot And Perpetual Exchange

in #spot2 years ago (edited)

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Introducing Metavault.Trade

Metavault Trade Is A Decentralised Spot And Perpetual Exchange With Low Swap Fees And Zero Price Impact Trades. Trading Is Backed By A Multi-Asset Pool Which Is In Turn Supported By Liquidity Providers. Trading Is Backed By A Multi-Asset Pool Which Is In Turn Supported By Liquidity Providers. Liquidity Providers Receive Rewards From Swap Fees, Market Making, Rebalancing And Leverage Trading. MVX Uses Chainlink Oracles And TWAP Pricing From Large-Volume Decentralized Exchanges For Dynamic Pricing.

Metavault.Trade is an innovative decentralized exchange platform because it provides spot & perpetual exchange services where users can trade securely and easily without going through an account, but by simply connecting their wallet and they will be able to trade. So it is a decentralized crypto exchange platform with leverage and convenience for users.

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Traders can use Metavault.Trade 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.

Metavault.Trade Multi-Asset pool

The great innovation at the heart of GMX, and now of Metavault.Trade, is the Multi-Asset pool. All the assets supported by the platform are pooled together and a token called MVLP represents the index of these tokens. The price of MVLP will fluctuate with the prices of the underlying assets in the basket and the Profit and Loss (PnL) of the traders — when they loose on a trade, their losses flow into MVLP.

How does this shared liquidity lead to a reduced price impact swap solution? Let’s say for example that the pool is made up of five assets (BTC, ETH, MATIC, USDC and DAI) in equal proportions in terms of dollar value: 20% of each. If a trader wants to buy 50% of the BTC supply with USDC, they can do so instantly, without any price impact. After the order goes through, the state of the pool will simply become BTC: 10%, USDC: 30% and the rest unchanged. To understand how unique this feature is, I encourage you to check how much price impact you get for a very large order on a CEX with an order book or on a DEX like Uniswap!

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Metavault.Trade provides you with

  • Reduced Liquidation Risks
    An aggregate of high-quality price feeds determine when liquidations occur. This keeps positions safe from temporary wicks.
  • Low 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.
  • 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.

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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.

Supply

The Maximum Supply Of MVX Is 10,000,000. Minting Beyond This Maximum Supply Is Controlled By A 28 Day Timelock, An Eventuality That Will Only Be Considered If The Demands Of The Protocol Necesitate An Increase In Liquidity.The Rate At Which The Circulating Supply Changes Will Be Dictated By The Number Of Tokens That Are Distributed Through Other DEXs, Vested, Burnt And Spent On Marketing:

  • 1.2 Million For Marketing, Partnerships And Community Development
  • 2 Million For The Metavault DAO Treasury (Staked+Locked)
  • 4 Million Reserved For Rewards (EsMVX Reserve For Multichain Expansion)
  • 1 Million Paired With USDC For Liquidity On Uniswap
  • 300,000 For MetavaultDAO Team (Linearly Vested Over Two Years With A Three-Month Cliff)
  • 1.5 Million Allocated To Presale

Tokenomics

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

Partnership

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Conclusion

Metavault is a peer-to-peer cryptocurrency exchange that allows you to trade spot and perpetual swap cryptocurrencies on the most advanced trading platform. It is built on top of our decentralised blockchain based trading technology and smart contract system that facilitates trustless, transparent and real-time settlement of trades between buyers and sellers.

Information link

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
Documentation: https://docs.metavault.trade/

AUTHOR

Bitcointalk Unsername: I Am Man
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2734184
BEP20 Address: 0x73c0200eb3c8a6e4865f98514b80bcff1ee28bdb

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Of all of them I prefer polygon since it has very cheap rates....

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