Metavault.Trade, the Next Generation DEX

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.

$MVX $MVLP #dex  #audit #RealYield #Polygon #MATIC

Introducing Metavault.Trade, the Next Generation DEX

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:

 1. Spot trading, with swaps and limit orders.

 2. 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 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.

 * All-in-one platform: spot and leverage trading.

A Multi-Asset Pool - The Solution for Trading Without Price Impact

The main innovation at the heart of Metavault.Trade is the multi-asset pool.

This feature allows the platform to have shared liquidity across all the

assets it supports. For most traders, the platform will seem as if it has

infinite liquidity at a fixed price, completely removing the need for an order

book.

Blockchain Technology and Oracle Pricing

Metavault.Trade launched on the Polygon Network.

The assets supported are six large caps and three stablecoins:

 * BTC, ETH, MATIC, LINK, UNI, AAVE

 * USDC, DAI, USDT

Choosing Polygon over other chains has many advantages:

 * Polygon transactions are fast and cheap.

 * It's easy to onboard users thanks to the ramp-on and ramp-offs from

  exchanges.

 * Chainlink provides a large number of price feeds on Polygon. These are

  crucial for the platform's pricing mechanism, and the listing of new

  assets also depends on them.

To set the price of each asset, the platform aggregates Chainlink and

Time-Weighted Average Price (TWAP) pricing from major DEXes and CEXes.

This pricing mechanism benefits leverage traders in a huge way because it

reduces the risk of liquidation from the temporary wicks one may find on some

exchanges. These "scam wicks" often come from whales manipulating the order

books to liquidate other traders.

As of Q1 2022, trillions of dollars are traded monthly on crypto markets.

DEXes offering perpetual trading account for about $100 billion of this total

- with this number growing regularly. Metavault.Trade is well positioned to

grab a share of this market, in which its direct competitors make anywhere

between $5 million and $60 million in fees every month.

MVX - Governance and Utility Token

Metavault.Trade has its own governance and utility token: MVX. This token

entitles the owner to a portion of the earnings accrued by the exchange

through user activity. The token can also be staked to help the platform

increase its liquidity, which entitles the staker to 30% of the fees collected

by the platform in the form of the network's native token - MATIC.

Escrowed MVX

The platform distributes "escrowed MVX" (esMVX: a non-transferrable token) to

MVX stakers, which can be used in two ways:

 1. esMVX can be staked. Holders will receive the same dividends as with

  staked MVX: MATIC from platform fees, more esMVX and multiplier points.

  This option allows for compound dividends to accrue.

 2. esMVX can also be unstaked and vested to be converted and distributed as

  MVX. Vesting esMVX then unlocks linearly over one year, with MVX being

  distributed with each unlocking.

  However, the vested esMVX does not earn the staking divides.

Multiplier Points

Staked MVX receives Multiplier Points (MPs), which allow the holder to accrue

protocol fee dividends. Each multiplier point earns the same amount of MATIC

as a MVX token.

The longer MVX is staked for, the more MPs are accrued by the staker.

However, unstaking MVX or esMVX will mean the same amount of multiplier points

are burned. For example, if one unstakes 50% of the MVX, one will lose 50% of

MPs. Restaking MVX will start accruing MPs from 0.

Tokenomics and community

Metavault.Trade is built by the team behind Metavault DAO which fuels a whole

ecosystem of blockchain and technology projects.

The code is a friendly fork of GMX, which has already been audited by ABDK

Consulting [Find the audit here under the name "Gambit", the original name of

the GMX project].

As security is of utmost importance, an independent audit is about to be

finalized.

After carefully considering GMX's tokenomics, the Metavault DAO team chose to

redesign them completely for Metavault.Trade. As a result, a larger proportion

of the tokens have been allocated to those who invest in the platform (e.g.

staking) than with GMX. The token also launched in a fair way, with no private

or seed rounds.

Metavault DAO intends to be a liquidity provider in Metavault.Trade, which

will make it robust and independent.

Metavault.Trade Integrates Socket Infrastructure for a Seamless Bridging Journey: Tutorial

The Metavault.Trade bridge opens the floodgates for liquidity to seamlessly flow and users to easily onboard into Metavault.Trade on Polygon from 7+ chains!

Here is a quick guide for you to understand all the features of the bridge & get you started for the first jump! The Metavault.Trade bridge opens the floodgates for liquidity to seamlessly flow and users to easily onboard into Metavault.Trade on Polygon from 7+ chains!

1) Begin your Bridging journey

The bridge is directly accessible by clicking the ‘Buy’ tab on the navigation bar and navigating to ‘Buy MVX on Polygon’ option. Alternatively use the link here

2) Select from & to chain

From chain is the chain you’re sending tokens from & to chain is the chain you want to receive your tokens on.

For example, to buy MVX blazingly fast on Polygon you will choose from chain as Optimism & destination chain as Polygon.

3) Select sending token and receiving token

Once you’ve selected the from and to chains, select the token you want to bridge. Use the drop-down menu to pick from the available tokens & choose the desired amount you want to bridge!

Metavault.Trade’s bridge also lets you bridge & swap into any token on destination!

eg: You can go from $DAI on Optimism to $MATIC on Polygon in one bridging txn.

4) Select a route for bridging

Click on the settings icon on the top-right corner and choose the best route based on your desired preference!

High Return — Highest return on the destination chain

Low Gas Fee — Lowest gas fee for bridging

Fastest — Route with least bridging time

5) Bridging

Once you have selected & input the token amounts, click on ‘Review Quote’ to validate your bridge transaction before proceeding. Once ready click on ‘Bridge’ to begin the bridging!

You can see a status of the ongoing transaction by clicking the ‘Pending’ window.

Docs/Code

Author

Forum Username: Ivan Zamoranno

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3239929

Telegram Username: @Ivanzamorano17

Discord Username: Ivan Zamoranno#9359

Polygon Wallet Address: 0x9BEca4D1271E59efeCE30234269EcEFA5E6dB66C

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