Metavault.Trade's own utility token and governance system is called MVX. Holders are encouraged to invest for the long term by offering numerous benefits that will quickly accumulate.

Metavault.Trade - Innovation through being a next generation DEX

Metavault.Trade is designed to offer a broad range of trading tools and extremely deep liquidity on numerous large cap crypto assets, through this innovation, the platform is a new type of decentralized exchange.

As many DEXs come and go through the blockspace, very few bring true change and utility like Metavault.Trade.

The project is developed by a passionate and professional team seeking to change the landscape of Decentralized Exchanges for the better through: low transaction fees, no price impact even for large order sizes, protection against liquidation events such as the sudden price changes that can often occur for a token pair and mainly creating a feature packed all-in-one platform for spot and leverage trading.

Metavault.Trade wants to establish itself as the go-to option for traders who want to always maintain control over their money without disclosing any personal information. It has several advantages over other DEXs currently in use thanks to its novel design and it has launched on the Polygon Network.

Traders can use Metavault.Trade for spot trading, with swaps and limit orders and perpetual futures trading with up to 30x leverage on short and long positions.

Trading without price impact? The Metavault.Trade multi-asset pool
The multi-asset pool is the primary innovation at the core of Metavault.Trade. With the help of this function, the platform can share liquidity among all the assets it supports.

An index token called MVLP is issued in a quantity equal to $x for every time an asset worth $x is deposited in the pool. A liquidity provider may leave at any time by exchanging any asset in the pool for burned MVLP. Due to this, large volumes can be swapped through Metavault.Trade without affecting price impact.

Consider a scenario where the pool contains five assets (20% of each) distributed equally among them (BTC, ETH, MATIC, USDC, and DAI). A trader can quickly purchase 50% of the BTC supply with USDC at the exact price displayed on the site, with no price impact. After the order has been processed, the pool's state changes to BTC: 10% and USDC: 30%, with the rest remaining the same. Despite the fact that half of the available supply has already been purchased, the price of BTC provided on the site is the same before and after the switch!

The pool gets more or less unbalanced relative to its initial state with each exchange. Liquidity providers will be motivated to deposit assets that are in high demand and dissuaded to deposit assets that are in excess in order to rebalance the pool.

The platform will appear to most traders to have limitless liquidity at a set price, thus eliminating the requirement for an order book.

The assets currently supported by Metavault.Trade on the Polygon Network are BTC, ETH, MATIC, LINK, UNI and AAVE with three additional stable coins: USDC, DAI, USDT and BUSD.

For this platform, choosing Polygon over other chains has several benefits because Polygon transactions are quick and affordable. Due to the on-ramps and off-ramps from exchanges, onboarding users is simple. On Polygon, Chainlink offers a sizable selection of price feeds. These are essential to the price structure of the platform and are required for the listing of new assets.

The platform gathers Chainlink and Time-Weighted Average Price (TWAP) pricing from significant DEXes and CEXes to determine the price of each asset.

Leverage traders gain a lot from this pricing method since it lowers the risk of liquidation due to the transient wicks you sometimes see on exchanges. These con artists frequently use order book manipulation by whales to eliminate other traders.

MVLP - Providing incentivization through Liquidity
Trillions of dollars are being exchanged on cryptocurrency platforms each month as of Q1 2022. Of this sum, DEXes offering perpetual trading, account for around $100 billion as this number is constantly increasing.

Metavault.Trade is in a good position to take a piece of this industry, as its direct rivals earn ranging from $5 million to $60 million in monthly fees.

Metavault.Trade requires a multi-asset pool with lots of liquidity in order to function properly. The platform features a very generous incentive program to make sure this is the case: 70% of the platform fees are allocated to the liquidity providers that created MVLP by pooling their crypto assets.

A "crypto majors index" that is further stabilized by stablecoins is what MVLP is thought to be. It is advantageous for liquidity providers to switch from conventional, comparable pools (like the aTriCrypto Curve pool) to MVLP thanks to the incentive program. Additionally, by receiving the losses from the leverage traders on the platform, MVLP serves as a counterbalance to them. According to data, traders typically lose more money than they earn; in other words, "the house always wins." That is MVLP in this instance.

MVX - The Metavault.Trade Governance and Utility Token
Metavault.Trade's own utility token and governance system is called MVX. Holders are encouraged to invest for the long term by offering numerous benefits that will quickly accumulate.

Stakeholders in MVX will receive a portion (30%) of the platform's fees in the form of the network's native currency $MATIC.

Escrowed MVX
In addition, "escrowed MVX" (esMVX), a non-transferable token that may be used in two ways, will be given to MVX stakers. It will then receive the same benefits as staked MVX, including multiplier points, additional esMVX, and MATIC platform fee benefits. This is perhaps the most efficient choice because it increases APR and revenues and compounds benefits.

Additionally, esMVX can be unstaked, vested, converted, and delivered as MVX. After a year of vesting, esMVX unlocks linearly, with MVX distributed after each unlock.

The staking benefits are not, however, earned by the vested esMVX. When vesting your esMVX, you must also put the average MVX/MVLP that you used to earn esMVX, in a vault. Although the MVX/MVLP in this vault cannot be sold, awards are still earned. One can always withdraw the locked MVX/MVLP from the vault, however doing so will stop esMVX from further vesting.

What are Multiplier Points?
Each multiplier point earns the same amount of MATIC as an MVX token, allowing holders of staked MVX to accumulate protocol fee incentives.

You earn more MPs if you stake MVX for a longer period of time.

However, unstaking MVX or esMVX will result in the same multiplier point burn. For instance, you will lose 50% of your MPs if you unstake 50% of your MVX. Staking MVX again will begin to accrue MPs from the start (0).

The Metavault Project
The team behind Metavault DAO created Metavault.Trade, which supports a vast ecosystem of blockchain and technology projects.

The code is a fork of GMX that has been approved by ABDK Consulting, and you can find that audit here under the name "Gambit," which was the project's original moniker.

Recently, Metavault.Trade finished its own audit by Techrate and can be accessed here.

The Metavault DAO team decided to totally rewrite GMX's tokenomics for Metavault.Trade after giving it great consideration. The token launched fairly, with no private or seed rounds, and a bigger percentage of the tokens are assigned to reward farming than with GMX.

Metavault DAO wants to be a liquidity provider for Metavault.Trade which will increase its resiliency and independence.

We are hardstruck by the ambitious and flourishing Metavault team for creating this platform while all the same interacting with the community and working hard to provide countless updates since its launch. We don’t have any rocket scientists among us, and you don’t need one either to agree that Metavault.Trade is on the right path to success.

Here is an excerpt from one of their weekly reports and implementations

Project Links
Website - https://metavault.trade
Telegram - https://t.me/MetavaultTrade
Twitter - https://twitter.com/MetavaultTrade
Medium - https://medium.com/@metavault.trade
Discord - https://discord.com/invite/metavault

Written By

Petrache Ionut

Sep 27, 2022