Metavault.Trade is a new kind of designed platform.

nhucoc43206 (32)in #hot • 2 years ago

Overview

Centralized systems have long been the center of all solutions for businesses, communication, studies, and more. However, cracks started to appear. A single point of failure often happens with centralized applications and makes their offered solutions unsustainable. The world is in need of a multifunctional solution for communication. A platform is needed that would offer companies a communication solution that is secure, easy to use, affordable and has multiple features to choose from, which are vitally important for communication. Innovative ways to move from centralized solutions to decentralized ones have given rise to more sustainable options for all business industries. One of the leaders in the industry of communication 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.

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. All-in-one platform: Spot and Leverage trading.

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

Open a Position

To open a position, click on the “Trade” button in the header.

You will be taken to the trading panel. Click on Zone 1 to choose the currency you want to trade.

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 PnL data and other stats can be viewed on https://stats.metavault.trade/.

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 box.

This 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.

Tokenomics

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

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 timelock, 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:

1.2 million for marketing, partnerships, and community development
6 million reserved for rewards (as esMVX which can be converted over time to MVX)
1 million for liquidity on Uniswap (reserve held in the MVX-Multisig)
300,000 for the MetavaultDAO team (linearly vested over two years with a three-month cliff)
1.5 million allocated to presale
Presale

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)