Review Metavault Trade

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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.

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

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

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 total worth of assets in 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 start accruing rewards and that there is a holding time of 15 minutes after minting before you can redeem MVLP tokens.

Rewards

Long-term holders receive rewards as Escrowed MVX (esMVX) and Multiplier Points, both with minimal supply inflation.

Both MVX holders who choose to stake on the platform and MVLP holders (i.e. liquidity providers) receive rewards. These rewards can be in the form of tokens - Escrowed MVX (esMVX) and MATIC - and Multiplier Points (MP). The full reward structure is available at the end of this chapter, but here is brief summary:

Staked MVX earns MATIC, esMVX and MPs.

Staked esMVX earns MATIC, esMVX and MPs.

MPs: earns MATIC when staked

MVLP held in wallet earns MATIC and esMVX.

Compound or Claim rewards

Users can claim rewards anytime by going to the “Earn” page and clicking on the “Claim” button in zone 1, the “Total Earning” box.

Claiming will transfer any pending esMVX and MATIC rewards to your wallet.

The platform also has a one-click way of compounding all rewards. This will be very helpful to users who want to maximise their earnings.

Clicking on the “Compound” button will send a batch transaction with only one confirmation needed. You will see a recap of all the transactions that will happen before confirming the transaction in your wallet:

Claiming and then staking unvested MVX and/or esMVX.

Staking MPs.

Claiming WMATIC rewards and converting them to MATIC.

Claiming WMATIC and compounding them into MVLP or MVX

Please note that compounded or manually staked esMVX can be unstaked for vesting at anytime.

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.

Website: https://metavault.trade/

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

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

Telegram: https://t.me/MetavaultTrade

Writer By:
Forum Username: maketvn
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2860978
wallet address: 0x5e9A0d3a7246d28c8eD06FbB611DFa7d3123B0b7