Introduce
In recent years, Cryptocurrencies have become a widespread issue for the general public. In the cryptocurrency network, miners have the role of receiving transactions by solving encrypted problems, and only they can perform this task. Specifically, all transactions must go through the check of miners and propagate them to the entire network if the transaction is valid. Miners will receive transaction fees and rewards immediately after successful transaction. This is also a feature of the cryptocurrency market that attracts potential investors and customers.
Metavault Trade is one of the potential and growing projects in the cryptocurrency market. It is believed that Metavault Trade is here to revolutionize decentralized finance with an automated protocol as it is a new financial innovation protocol through amplification and scaling of auto staking that yields APY will exponentially simplify and modify the basic staking.
In my opinion, the Metavault Trade project is a potential project with a lot of useful features for crypto market participants.. Discussed below are some of the reasons for this project.
About
Metavault Trade Is A Decentralised Spot And Perpetual Exchange With Low Swap Fees And Zero Price Impact Trades. Trading Is Backed By A Multi-Asset Pool Which Is In Turn Supported By Liquidity Providers.
Trading Is Backed By A Multi-Asset Pool Which Is In Turn Supported By Liquidity Providers. Liquidity Providers Receive Rewards From Swap Fees, Market Making, Rebalancing And Leverage Trading. MVX Uses Chainlink Oracles And TWAP Pricing From Large-Volume Decentralized Exchanges For Dynamic Pricing.
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.
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.
Tokenomics
Staking
Staked MVX Generates Three Reward Types:
- (Native Token Like MATIC/CRO)
- EsMVX
- Multiplier Points
30% Of Swap And Leverage Trading Fees Are Converted To (Native Token Like FTM/MATIC) And Distributed To The Accounts Staking MVX.
Treasury Assets
The MVX-USDC LP-Pair Gets Provided By And Owned By The Protocol. 100% Of The Fees From This Pair Are Converted To MVX And Deposited Into The MVX Treasury.
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 Necesitate An Increase In Liquidity.The Rate At Which The Circulating Supply Changes Will Be Dictated By The Number Of Tokens That Are Distributed Through Other DEXs, Vested, Burnt And Spent On Marketing:
- 1.2 Million For Marketing, Partnerships And Community Development
- 2 Million For The Metavault DAO Treasury (Staked+Locked)
- 4 Million Reserved For Rewards (EsMVX Reserve For Multichain Expansion)
- 1 Million Paired With USDC For Liquidity On Uniswap
- 300,000 For MetavaultDAO Team (Linearly Vested Over Two Years With A Three-Month Cliff)
- 1.5 Million Allocated To Presale
In short
Metavault Trade is not only equipped with advanced technologies and features that other fork sets lack, but is also specially designed for automation and efficiency. Join the project to be able to receive these great offers
Website: https://metavault.trade
Telegram: https://t.me/MetavaultTrade
Twitter: https://twitter.com/MetavaultTRADE
Medium: https://medium.com/@metavault
Discord: https://discord.gg/metavault
Docs/Code
Github: https://github.com/metavaultorg
Docs: https://docs.metavault.trade
Forum Username: Choosename
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2806735
Telegram Username: @Finmdme
Participated Campaigns: video / article
Polygon Wallets: 0xd6D46877AAE71DC012EF808264BB6438C9A99573