Introduction
The following is a brief overview of the Metaple protocol
The Metaple Finance is a peer-to-peer system designed for exchanging cryptocurrencies (BEP-20 Tokens) on the Binance Smart Chain. The protocol is implemented as a set of persistent, non-upgradable smart contracts; designed to prioritize censorship resistance, security, self-custody, and to function without any trusted intermediaries who may selectively restrict access.
How does the Metaple Finance compare to a typical market?
To understand how the Metaple Finance differs from a traditional exchange, it is helpful to first look at two subjects: how the Automated Market Maker design deviates from traditional central limit order book-based exchanges, and how permissionless systems depart from conventional permissioned systems.
Order Book VS AMM
Most publicly accessible markets use a central limit order book style of exchange, where buyers and sellers create orders organized by price level that are progressively filled as demand shifts. Anyone who has traded stocks through brokerage firms will be familiar with an order book system.
The Metaple Finance takes a different approach, using an Automated Market Maker (AMM), sometimes referred to as a Constant Function Market Maker, in place of an order book.
At a very high level, an AMM replaces the buy and sell orders in an order book market with a liquidity pool of two assets, both valued relative to each other. As one asset is traded for the other, the relative prices of the two assets shift, and a new market rate for both is determined. In this dynamic, a buyer or seller trades directly with the pool, rather than with specific orders left by other parties. The advantages and disadvantages of Automated Market Makers versus their traditional order book counterparts are under active research by a growing number of parties. We have collected some notable examples on our research page.
Permissionless Systems
The second departure from traditional markets is the permissionless design of the Metaple Finance. Permissionless design means that the protocol’s services are entirely open for public use, with no ability to selectively restrict who can or cannot use them. Anyone can swap, provide liquidity, or create new markets at will. This is a departure from traditional financial services, which typically restrict access based on geography, wealth status, and age.
Features
Metaple helps you make the most out of your crypto in three ways: Trade, Earn, and Win.
↔️ Trade
Instantly swap crypto tokens: no registration or account needed.
The people’s choice
Metaple is the leading decentralized exchange on BNB Smart Chain.
Low fees
Why pay more? Metaple runs on BNB Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too, so that’s a double win for you!
Decentralized
Trade directly from your wallet app. Unlike centralized exchanges like Binance or Coinbase, Metaple doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
💸 Earn
Earn MLX and other tokens for free with super high interest rates.
Earn tokens with Staking Pools
Stake MLX, earn free tokens. It’s really that easy. New projects join the party every day, so you can earn more, for even longer.
Earn MLX with Farming Pools
Stake LP tokens, earn MLX. You take on a little more exposure to market fluctuations than with the Staking Pools, but can earn higher APR to offset the risk.
Earn Trading Fees
No farm? No problem. Even if your trading pair isn’t supported on the Farms page, you can still earn trading fees when you stake your tokens in Liquidity Pools (LPs).
🎲 Win
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Liquidity Pools and Adding Liquidity
Metaple Finance liquidity pools allow you to provide liquidity by adding your tokens to liquidity pools or “LPs”.
When you add your token to a liquidity pool (LP), you will receive Flip tokens (Metaple Finance’s version of liquidity provider tokens).
As an example, if you deposited $MLX and $BNB into a liquidity pool, you would receive MLX-BNB FLIP tokens.
The number of FLIP tokens you receive represents your portion of the MLX-BNB liquidity pool. You can also redeem your funds at any time by removing your liquidity.
Providing liquidity is not without risk, as you may be exposed to impermanent loss. “Simply put, impermanent loss is the difference between holding tokens in an AMM and holding them in your wallet.” — Nate Hindman
It’s not all bad for liquidity providers as you will also be given a reward in the form of trading fees. Whenever someone trades MLX, the trader pays a 0.2% fee, of which 0.17% is added to the liquidity pool of the swap pair they traded on.
Metaple FInance’s AMM model rewards liquidity providers with a 0.17% fee shared proportionally based on the liquidity provided. The tokens’ prices aren’t determined via an order book but through a formula known as the Constant Product Market Maker.
Let’s use the ETH/DAI liquidity pool as an example. We’ll refer to ETH as x and DAI as y. With a Constant Product Market Maker formula, x and y are multiplied together to create a constant, k, that can’t change.
1
x * y = k
Copied!
The liquidity pool will offer you a conversion rate, in our case, 3,000 DAI (y) for 1 ETH (x). When you supply the 3,000 DAI to the pool and remove 1 ETH, it will have a higher supply of DAI and a smaller supply of ETH. This action causes the price of ETH to rise as k is constant. In other words, you are using your DAI to buy ETH. As more ETH leaves the pool, its price in comparison to DAI rises.
Token Swaps on Metaple Finance are a simple way to trade one BEP-20 token for another via automated liquidity pools.
The liquidity provided to the exchange comes from Liquidity Providers (“LPs”) who stake their tokens in “Pools”. In exchange, they get FLIP (Metaple Liquidity Provider) tokens, which can also be staked to earn MLX tokens in the “farm”.
When you make a token swap (trade) on the exchange you will pay a 0.2% trading fee, which is broken down as follows:
0.17% — Returned to liquidity pools in the form of a fee reward for liquidity providers.
0.03% — Sent to the Metaple Finance Development Treasury.
Roadmap
December 2021 — Inception of the Concept
January 2022 — Planning and Team Building
January 2022 — Beginning of platform development
February 2022 — Deployment on Testnet for testing the platform in Alfa and Beta Version
March 2022 — Get Audited by Security Partners
March 2022 — Launch of Metaple Finance with Swapping, Farming & Multi-Staking Protocol
March 2022 — Listing on decentralized exchanges like PancakeSwap. Locking Liquidity on an immediate basis
April 2022 — Aggressive Marketing Campaign Launch with Bounty Campaign on BitcoinTalk
May 2022 — Partnership Announcements with the Financial Institutions & other Defi projects of BSC
June 2022 — New farming and staking pools will be added
July 2022 — Strategic and Fair Launchpad for new Projects
August 2022 — Android Wallet and IOS Wallet Development begins
September 2022 — Lottery Feature Stay tuned for more…
Tokenomics
Metaple Finance — The World’s First Multi-Staking Protocol
Tokenomics
Details
Chain Network
BSC
Token Name
Metaple Finance
Token Ticker
MLX
Sale Quantity
125,000,000 MLX
Total Supply
500,000,000 MLX
Supply For Game
2000000 MLX
New Token emissions
0.16 per block
Fair Launch
Yes
Emission rate
Per block
Metric
Emission/block (MLX)
Emission/day (MLX)
Emission
0.16
4,608.00
Burned (Inactive Lottery Fund)
-0.016
-460.80
Effective Emission
<0.144*
4,147.20*
*Effective Emission is 0.144 MLX as 460.80 MLX per day is diverted to the lottery wallet, and burned (It will be burned every month until we start our lottery feature).
Distribution
Distributed to
Reward/block (% of emission)
Reward/block (total MLX)
Reward/day
Farms
60%
0.0864
2,488.32 (approx)
Staking Pools
40%
0.0576
1,658.88 (approx)
Total Daily MLX Emission
27,360.00 (approx)
Other Deflationary Mechanics
At present, MLX is also burned in the following ways:
· 0.05% of every trade made on MetapleSwap.
· 460.80 MLX per day is diverted to the lottery wallet and burned (It will be burned every month until we start our lottery feature).
The burning process is currently manual.
General FAQ
How do I connect my wallet to Metaple Finance AMM?
In order to connect your wallet, you have to click on the “Unlock Wallet” button on the top-right corner of the page. After that, look for the wallet you want to connect to Metaple Finance and click “connect”. Approve the connection and you’re good to go.
How do I set up my wallet on Binance Smart Chain?
Trust Wallet: When you go into the DAPP in the top-right corner you can see the different blockchains available, click on it then choose Binance Smart Chain Mainnet.
MetaMask: Create a custom RPC with the following: Network Name: BSC Mainnet New RPC URL: https://bsc-dataseed.binance.org/ ChainID: 56 Symbol: BNB Block Explorer URL: https://bscscan.com/
Why is my transaction failing?
Check the TX on https://bscscan.com/
If it says “burn amount exceeds balance” you forgot to unstake your $POS. (This if the transaction fails while trying to unstake $MLX)
If there is any other message it might be a problem within BSC, please try increasing the transfer fees to 20 GWEI 200,000 Gas limit.
When will you open more pools?
There will always be an announcement before the launch of new pools.
Join the announcements Telegram group to be the first that finds out.
How do I get airdrops?
When there is any official airdrop going on it will be announced along with the requirements.
Please remember anyone can airdrop tokens to users since every transaction is public on BSCScan. Do your own due diligence when it comes to non-official airdrops.
Why does it say I have no BNB balance?
You’re most likely not connected to Binance Smart Chain within your wallet.
What is the max supply of MLX?
$MLX does have a maximum supply of 500,000,000 MLX.
Full Binance Smart Chain wallet guides here
Social Accounts
Telegram — https://t.me/MetapleFinance
Twitter — https://twitter.com/MetapleFinance
Facebook — https://www.facebook.com/TheMetapleFinance
Reddit — https://www.reddit.com/r/MetapleFinance/
Medium — https://metaplefinance.medium.com/