Metavault.Trade is a new kind of Decentralised Exchange

rudyanto (26)in #bsc • 2 years ago

MVX is designed to be a utility and governance token that users will be able to use to earn a portion of Metavault.Trade revenue. The advantage of having this token is that users will be able to get 30% of the earnings the platform generates just by having this token, this is very good for users who want to earn passive income. Since it uses the MATIC protocol, users can manage all their MVX tokens via a blockchain wallet or any wallet that supports the MATIC protocol.

The Solution
And in response to this problem, Metavault.Trade was launched to be a decentralized exchange platform that will not ask for the identity of its users. The service is provided by Metavault.Trade is a decentralized spot & perpetual exchange, which will allow users to trade quickly and securely with leverage through their personal wallets. Since it only requires a connection to the user’s digital wallet it means that Metavault.Trade will not require the creation of an account for the users. Users will be able to trade on their favorite pairs freely without worrying about their privacy.

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 DEXes:
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.

Most of today’s crypto users trade through centralized exchange platforms. Through this exchange platform, users will be able to trade crypto easily and securely. But the problem is that usually, centralized exchange platforms use KYC for their trading which is problematic for some people because it is related to their identity and privacy. Whereas users should be facilitated with a crypto trading platform which will make it easier for them to trade and not ask for their identity so that users will be able to trade freely without worrying about their privacy.

Team
Metavault.Trade is built by professionals and experts in their fields who have years of experience in blockchain technology and understand the crypto market. This team collaborated together in developing a decentralized exchange that will be used by many people globally easily and securely. With this collaboration, it is hoped that users will be able to get the best service, where they will be able to trade securely, quickly, and with lower fees through their devices.

Detailed Rewards Mechanics

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

A share of the platform fees — paid in MATIC.

A new token: esMVX, which generates its own rewards.

Multiplier Points (MPs) that 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

In case of blockchains other than 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 — fee of 10% of position.

The liquidity providers mint or redeem MVX — this is called the “rebalancing fee”, it depends on the state of the pool.

Learn More:

Website: https://metavault.trade/

Twitter: https://twitter.com/MetavaultTRADE/

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

Telegram: https://t.me/MetavaultTrade