Metavault Trade - Special decentralized exchange

in #hot2 years ago

In the traditional financial world, traders rely on credit to make 'rolls' across multiple exchanges from a pool of collateral managed by the main broker.

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Meanwhile, digital asset traders are often forced to fully fund nearly all trading, committing to pouring capital into low-liquid unregulated exchanges, where they are subject to high levels of liquidity. high counterparty risk and slow processing due to on-chain congestion.

Major exchanges and custodians are currently solving this problem by building a clone of a traditional main broker for cryptocurrencies, giving digital asset traders access to the service. liquidity, lending and leverage to execute simultaneously on different locations from a single collateral pool.

While Satoshi put full trust in Bitcoin transactions, centralized private key management methods brought confidence to the cryptocurrency market.

However, storing vulnerable keys in databases, and also as offline storage in hardware or paper, has led to not only billions of dollars in security breaches, but also to independent liquidity and market fragmentation; assets are locked and cannot be easily deployed in the DeFi ecosystem, access and control are sacrificed for the sake of limited security.

METAVAULT TRADE WILL CHANGE ALL OF THAT.

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


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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:

  1. 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.

  2. 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.

  3. 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.


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.

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.




Vesting

It is possible to convert esMVX to MVX through the vesting process, which involves reserving the average of MVX and MVLP that was used to earn the MVC.

While vested, a small amount of esMVX gets converted into MVX every second.

This MVX is claimable immediately.

If the account misses the MVX or MVLP required to vest, the user has to purchase these tokens again.

Tokens may get deposited into a user’s vault at any point during vesting.

Distribution Rate

Distribution rates change on a monthly basis.

June 2022: 50,000 esMVX for MVLP provider & 50,000 esMVX for MVX Staker

July 2022: 60,000 esMVX for MVLP provider & 60,000 esMVX for MVX Staker

August 2022: 50,000 esMVX for MVLP provider & 50,000 esVMX for MVX Staker

September 2022: 50,000 esMVX for MVLP provider & 50,000 esVMX for MVX Staker

Detailed Rewards Mechanics

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

  • A share of the platform fees — is paid in MATIC.
  • A new token: esMVX, generates its own rewards.
  • Multiplier Points (MPs) 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.





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