Metavault.Trade — Simple And Low-Cost Spot And Perpetual Exchange
Introduction.
Decentralized exchanges provide users with flexibility and convenience in their trading and this is an advantage over other exchanges. And because of that, Metavault.Trade is building a decentralized exchange that users will be able to use for secure and profitable trades. Through a secure architecture and high leverage, users will be able to trade freely from anywhere they want. Users trade on the pair of their choice with their connect wallet or they can become a liquidity provider to get free tokens. Metavault.Trade is a decentralized exchange which is simple and inexpensive for users, it will not impose high spreads on trades and it will use MATIC as its protocol. Thus, users will be able to swap more easily with lower fees even compared to BSC.
What is Metavault.Trade?
Metavault.Trade is one of the decentralized exchanges that use the polygon protocol for lower-cost, fast and secure trading. Here users will be able to find various features which will facilitate their trading just like a centralized exchange, but it uses a decentralized system that is secure and free of manipulation. Since it uses the polygon protocol, it will make it easier for users to swap their tokens quickly from a simple interface. Also, it will provide users with 30x leverage to make trading more profitable. Users will be able to swap at any price they want and that will be done through the user’s personal wallets. So users will be able to swap their tokens for other tokens without the need to do KYC, they just need to connect their wallet, it’s very easy and very secure.
Metavault.Trade is a blockchain trading platform that allows users to buy and sell virtual items. The platform provides a secure and reliable environment for selling and buying in-game items and currencies. Metavault.Trade is a secure, user-friendly & easy-to-use platform, designed to help you secure your crypto assets. It is a blockchain-based platform that allows trading of in-game items like currencies (also known as cryptocurrency or crypto). Metavault.Trade is a Decentralized Autonomous Community powered by blockchain technology. The vision of the Metavault project is to be a portal for all your crypto needs. It will be a platform that enables the user to be in charge of their own private keys, with the ability to swap any token without ever leaving the Metavault.Trade interface. The Metavault.Trade platform will be a one-stop-shop for all your crypto needs.
Metavault.Trade is a decentralized application built on top of the blockchain that enables users to buy, sell and trade digital products. Metavault.Trade is a system that eliminates the need for a payment processor, by allowing users to pay each other directly using the blockchain. This is done using smart contracts, which are pieces of code that are run on the network. Smart contracts allow Metavault.Trade to be decentralized, as they allow users to make trades between themselves, directly from their browser. Our goal is to provide a simple and easy to use trading platform that allows anyone to trade tokens without a middleman. We offer a collection of tools to help you with your trading, including live price charts and an order book.
Features of Metavault.Trade
Because using this polygon protocol means that Metavault.Trade can provide various innovative features which can be used by users easily and quickly, for example, users will be able to swap their tokens easily through a simple interface and this will make the navigation of users faster. and easy. But that’s not all, there are several other features of Metavault.Trade:
- 30x leverage for users: Metavault.Trade gives users quite high leverage for their trades. Compared to other decentralized exchanges, Metavault.Trade is good enough to be able to provide leverage to users, so users can profit more from their trades with lower capital.
- Trading from a private wallet: Metavault.Trade does not provide a registration feature, but users will be asked to connect their wallet like using any other decentralized exchange and after that, they can trade freely.
- Lower fees: Metavault.Trade uses the MATIC protocol which is one of the best protocols in the crypto world with low fees and high speed.
- Swap easily: Metavault.Trade will allow users to swap tokens on their favorite pairs easily and they can take positions from any point.
Benefits
Metavault is the world’s first system to provide the best from both worlds — the benefits of a centralized trading platform, and the benefits of decentralized platforms. Metavault.Trade is a fully decentralized platform, which uses smart contract functionality to ensure that the assets and funds of traders are safe. The Metavault.Trade platform supports the most popular and most traded cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash, and will be continually updated as new coins emerge. The Metavault.Trade platform is accessible from any internet connected device. As the project evolves, new features will be added to the platform. Metavault.trade is a trading platform for cryptocurrency. It is unique for many reasons: It provides live market data for all the coins in the market and has the most advanced Cryptocurrency Exchange Engine that you can find in the market.
It’s time to face the facts. Metavault.trade is still a relatively young platform. We have been in the market for less than a year. During that time, we have managed to build a strong customer base. We have migrated from a zero user base to a fast growing user base. We have been able to add multiple new features due to the customer feedback and satisfaction. At present, we are working on some killer features that are going to bring a new revolution in the market. People are going to get surprised with these new features.
#Dex #metavault #mvx #defi #polygon #trade #ido #sale
MVX Token
Metavault.Trade launches a utility token to become a token in the Metavault.Trade ecosystem. MVX is a utility and governance token that will have a lot of functionality specific to the Metavault.Trade ecosystem. Later Users who hold MVX tokens are entitled to be able to use these tokens to participate in governance and later they will get their share. Metavault.Trade plans to distribute MVX tokens through a token sale program that users can easily purchase.
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.
The 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!
At launch, the assets supported on Polygon will be six large caps and three stablecoins:
- BTC, ETH, MATIC, LINK, UNI, AAVE
- USDC, DAI, USDT
#Dex #metavault #mvx #defi #polygon #trade #ido #sale
Now let’s get back to the pool in the example above. Post-swap, it is unbalanced compared to its initial state. The liquidity providers will be incentivized to deposit BTC and disincentivized to deposit USDC, which will lead to a rebalancing of the pool.
Connect Wallet
Connect Your Wallet By Clicking The “Connect Wallet” Button In The Header.
Open A Position
Users Can Take Either A Or A Long Or Short Position On A Coin — A Long Position Results In Profit If The Price Goes Up, While A Short Position Results In Profit If The Price Goes Down.After Selecting Either “Long” Or “Short” As You Require, Enter The Pay Amount (The Amount You Wish To Trade) And Use The Slider To Specify The Leverage.
In The Above Example, The Price Of Entry Is $3,372.40 And The Price Of Liquidation Is $2,824.65.The Fees For Opening And Closing A Position Are Both 0.1%. Additionally, There Is A “Borrow Fee”, Which Is Paid Every Hour To The Trade’s Counterparty.
Check This Fee Under The Swap Box. Note — There May Be Some Slippage Since There Is A Delay Between The Time The Trade Is Submitted And Its Confirmation On The Blockchain. You Can Customise The Slippage By Pressing The “…” Icon In The Top-Right Of The App.
#Dex #metavault #mvx #defi #polygon #trade #ido #sale
Position Management
A List Of Open Positions Can Be Viewed By Clicking On “Positions”. Click “Edit” To Manage Your Leverage And The Liquidation Price By Depositing Or Withdrawing Collateral. By Default, The List Displays Leverage As Position Size Divided By Its Collateral. To Display Leverage As Position Size +PnL Divided By Position Collateral, Click On “…” In The Top-Right Of The App.
MVLP
MVLP Is A Token Whose Value Is Made Up Of An Index Of Assets Used In Swaps And Leverage Trading. Users Can Mint MVLP Using Any Index Asset Or Burn It To Collect An Index Asset. The Price Of Minting Or Redemption Is The Combined Value Of The Indexed Assets / MVLP Supply. MVLP Holders Earn EsMVX. Since MVLP Holders Supply The Liquidity Required For Leverage Trading, They Profit When Metavault.Trade Leverage Traders Make Losing Trades. They Also Make A Loss When Leverage Traders Make Profitable Trades, With Their Collateral Going Towards The Payout.
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
Quick links and info
The earn page also has a “MVX” and a “MVLP” box. Each of these boxes shows the following information:
- Token price.
- User assets.
- Rewards info (APR…).
- Total and staked supply.
Each box also shows direct links to all actions available to the users regarding the tokens.
MVX box:
- Buy, stake, unstake MVX.
- Stake, unstake, vest (available soon) esMVX
- Transfer account to another wallet (see dedicated section)
MVLP box:
- Add, withdraw liquidity.
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 esMVX.
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 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
This is the simplest form of reward and the easiest to understand: MVX stakers will get 30% of the fees collected from across the platform in the form of MATIC.
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 MVLP — this is called the “rebalancing fee”, it depends on the state of the pool.
The chart below summarizes the platform fees and how they flow back to MVX and MVLP stakers after being converted to MATIC.
Escrowed MVX rewards
MVX stakers get rewarded with a new token: escrowed MVX (esMVX). It is non-transferrable and there is only two ways to use it:
- esMVX can be vested to be converted and distributed as MVX. If you choose that path, then your esMVX unlocks linearly over one year and MVX is sent to your wallet at each unlocking.
But there is an additional requirement to fulfill to vest your esMVX: you need to lock the average MVX (or MVLP) with which you earned your esMVX in a vault. Your MVX/MVLP cannot be sold while it is locked but it still accrues rewards. The locked tokens can be withdrawn anytime from the vault with no redemption period, but this will prevent any further vesting of esMVX.
- esMVX can be staked and will then earn the same rewards as staked MVX: MATIC rewards from platform fees, more esMVX, and multiplier points.
This second option is probably the most interesting one as it compounds rewards and generates higher APR and earnings.
Multiplier points rewards
The third reward MVX stakers get is not a token but comes under the form of multiplier points (MPs). Like in a game, those points give you access to rewards, but you can also lose them if you undertake certain actions.
Let’s look at the rewards first:
- MPs are awarded at 100% APR.
- Each MP can be staked to earn the same amount of MATIC as a MVX token.
In this regard MPs are similar to staked esMVX: they allow you to increase your MATIC payout.
But in order to keep your points, you have to keep your MVX and your esMVX staked. Unstaking MVX or esMVX will incur a burning of multiplier points proportional to the amount of tokens being unstaked.
For example, if you staked 1000 MVX and accrued 200 MP so far, then unstaking 500 MVX — 50% of your staked amount — will burn 100 MPs.
This gamified system rewards you points for staying staked for longer as the only way to acquire multiplier points is through staying staked for the long haul.
Rewards recap
In the previous section we gave a detailed review of each reward type. The following drawing gives a visual recap. If you focus on the wallet section where the rewards accumulate, you will see an increase in the amount of either MVX or esMVX + MATIC + MP, depending on what you choose to do with MVX and esMVX.
The richness of the reward structure allows you to design many strategies depending on your time horizon. But for those who want the greatest share of the platform fees, staking all esMVX is probably the best option because it gives access to a compounding effect. Indeed, since staked esMVX acts basically as staked MVX as far as reward goes, this strategy will accumulate the most MATIC through MVX, esMVX and MP boost.
#Dex #metavault #mvx #defi #polygon #trade #ido #sale
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)
Important Points Table Of Metavault Trade
Basic PointsCoin
Name Metavault Trade
Short Name MVX
Max 10,000,000
Token Information
- MVX token address: https://polygonscan.com/address/0x2760e46d9bb43dafcbecaad1f64b93207f9f0ed7
- After staking MVX, you will receive staked MVX:
MVX staked token address: https://polygonscan.com/token/0xacec858f6397dd227dd4ed5be91a5bb180b8c430
For more information, please visit:
Website: https://metavault.trade/
Twitter: https://twitter.com/MetavaultTRADE
Telegram: https://t.me/MetavaultTrade
Discord: https://discord.gg/metavault
Medium: https://medium.com/@metavault.trade
Author:
Username: Jerimy gonzales
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1840819
Polygon wallet address : 0x118A3810009C8B9a3F09A94b1663F470B7734c3D
Authentication post URL: https://bitcointalk.org/index.php?topic=5414372.msg61013057#msg61013057
#Dex #metavault #mvx #defi #polygon #trade #ido #sale
