Review Metavault Trade

in #btt • 2 years ago


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Metavault.Trade will also allow traders to go long or short with up to 30x leverage against any of these assets. The main innovation here is the way the price is set: the platform aggregates Chainlink and Time-Weighted Average Price (TWAP) pricing from major DEXes and CEXes. This greatly reduces the risk of liquidation from the temporary wicks you find on some exchanges.

These are sometimes due to big players manipulating the order books on purpose to liquidate the other users. In that case they are called “scam wicks”!A simple interface to choose to go long, short or just swap your assets — © 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.

Traders can use it in two ways:

  • Spot trading with swaps and limit orders.
  • Perpetual Futures trading with up to 30x leverage on short and long positions.

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:

  • Very low transaction fees.
  • No price impact, even for large order sizes.
  • Protection against liquidation events: the sudden changes in price that can often occur in one exchange (“scam wicks”) are smoothed out by the pricing mechanism design relying on Chainlink price feeds. All-in-one platform: Spot and Leverage trading.

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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.

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This will take you to the following screen where you will see a recap of all MVLP characteristics

  • Price.
  • Wallet holdings.
  • APR
  • Total supply

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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.

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Tokenomics

MVX is the Metavault. Trade’s governance and utility token.

Token Information

After staking MVX, you will receive staked MVX

Staking

Staked MVX generates three reward types:

  • MATIC
  • MVC
  • Multiplier Points

30% of swap and leverage trading fees are converted to $MATIC and distributed to the accounts staking MVX.

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.

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Conclusion

Metavault.Trade is one of the best projects I have seen so far. This project is ahead of the others. Since everything in this project is completely clear, it can be said that the future of this project is very bright. Hope investors get benefits when investing in the project. Since the project is on track so far, I think this project will be much better. Because yes, but most of these big investors have invested in the project. I think the future of this project is bright.

For more information

#Metavault #Trading #Exchange #Blockchain #DEX


Bitcointalk Userrame: Brown36

2 years ago in #btt by
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