Introducing Metavault.Trade, the Next Generation DEX

Singapore, Singapore--(Newsfile Corp. - September 22, 2022) - Metavault.Trade is a new kind of Decentralized Exchange designed to provide a large range of trading features and very deep liquidity on many large cap crypto assets.

Metavault.Trade

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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.

There is already a strong community backing Metavault.Trade, such as those following it through Telegram, Twitter and Discord channels.

Contact:
Anna M.
Head of Marketing at Metavault.Trade
anna@metavault.org

References

Social media 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

Docs/Code
Github: https://github.com/metavaultorg
Docs: https://docs.metavault.trade

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