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Sirwin

Enjoy Cheap And Fast Decentralized Exchange Trading With Zero Price Impact (Powered By Metavault.Trade)

By thefreethinkeer | StartUpInsider | 9 Oct 2022


Website || Documentation || Twitter || Telegram || Discord || GitHub || Medium

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Blockchain and cryptocurrency technology is a digital advancement that emphasized and prioritized the integration of privacy and decentralization into various global phenomena. The application of this digital technology have been tested in quite a number of scenarios that ranges from government to finance, banking, research, educational, social, cultural and agricultural solutions among so many others. In a bid to complement the benefits and advantages of blockchain and cryptocurrency technology, the ecosystem began to witness growth in development of decentralized exchanges, DEXes to support decentralized assets trading.

In over the past half decade, cryptospace have seen different generation of decentralized exchanges ranging from the likes of Etherdelta and IDEX that features decentralized order-books to the likes of Uniswap and Pancakeswap that features liquidity pooling (LP) and LP holders incentivising. Many of the popular DEXes today have made successful contribution towards pushing blockchain technology's advnacements despite their multitudes of shortcomings and bottlenecks that includes price impact, liquidation risk, impermanent loss and high cost of transaction among several others. This article focuses on Metavault.Trade, a decentralized exchange solution with rich features that can attract any enthusiast.

Introducing Metavault.Trade

Metavault.Trade is a decentralized exchange ecosystem that powers a wide range of rich trading features and huge liquidity pool availability to support crypto-assets with huge market capitalization. Basically, enthusiasts can utilize Metavault.Trade solution in two ways that includes either for spot market trading with swaps and limit-order functionalities, or for perpetual futures market trading with a max of 30x long and short leverage positions.

Metavault.Trade is a unique solution that offers edge of advantages over popular decentralized exchanges in the space, the solution aims at becoming a top option for blockchain and crypto enthusiasts that care about being in total control over their assets without compromising their privacy in any way. Key primary features of Metavault.Trade includes but not limited to;

  • One decentralized solution for spot and leverage market trading
  • Close to zero cost of transaction

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  • Impermanent loss prevention and
  • Total absent of price impact

Metavault.Trade solution is built by a team of developers that are behind the development of Metavault DAO, an ecosystem that powers quite a number of decentralized projects in the space. Metavault DAO is a friendly fork of the popular GMX solution.

Technology Behind Metavault.Trade & Its Pricing Oracle

Metavault.Trade solution is currently deployed on Polygon blockchain, the team plan to expand its functionalities to other popular blockchains in the near future. The exchange is deployed on Polygon chain due to the fact that the blockchain offer a number of advantages over other existing popular alternatives, some of the advantages includes; easy onboarding, fast and cheap transactions, and large availability of price feeds that are required by Metavault.Trade pricing mechanism.

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As at the time of launching, Metavault.Trade support liquidity-pooling and trading in six(6) major capitalization assets and three(3) stablecoins, all in Polygon blockchain, they include; BTC, ETH, MATIC, LINK, UNI, AAVE, USDC, DAI and USDT. Metavault.Trade solution aggregates Chainlink and Time-Weighted Average Pricing from major decentralized and centralized exchanges to set the price for each asset, this mechanism have proven to be of immensed benefits to particularly leverage market traders as it mitigate liquidation risk as a result of temporal wick from manipulation of whales.

Metavault.Trade Solution that Totally Eliminates Price Impact

Decentralized exchanges are a remarkable exchange solution but many of them suffer from the plaque of price impact that affect users trading moves, the effect is even more severe when trading in high volume. One of the major Metavault.Trade rooted solution is the idea of multi-asset pooling, a feature that share liquidity across all assets supported on the platform.

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Multi-asset pooling operates in such a way that for any asset amount added to the pool by enthusiasts, an index token, MLVP of equivalent dollar amount is minted. MLVP holders can withdraw their stakes in the pool at any time for any supported asset. This idea allow users of Metavault.Trade to swap large volume of assets without experiencing price impact.

In a bid to balance pools, Metavault.Trade incentivise liquidity pool contributors to make contributions using in-demand assets and disincentivised their contributions in assets that are available in excess. This will provide traders with the experience of infinite liquidity at fixed price without order-book utilization. This features is priceless and certainly it will attract a great deal of enthusiasts in the space!

Metavault.Trade Three Ecosystem Tokens (MVX, esMVX, MVLP, MVD)

The entirety of various Metavault.Trade ecosystem is powered by four(4) different tokens that are minted in Polygon blockchain, they includes MVX, esMVX, MVLP and MVD as the heading implies, these tokens are detailed below.

  • MVX: Is the native utility and governance asset of Metavault.Trade project ecosystem, the token is minted with a current total supply of 10,000,000 MVX that will serve as fuel that powers the ecosystem. MVX acquires 30% of income generated by Metavault.Trade solution and distribute among it holders to motivate their long term holding.

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  • esMVX: Escrowed MVX is a reward token that is earned through MVX staking. with a total supply of 591,836.913391 tokens, esMVX is a non-transferrable and has two use cases that are associated to staking and earning rewards in MVX again, read more about esMVX here.
  • MVLP: is Metavault.Trade liquidity token, one can consider it to be a major crypto index that is further strenghtened with stablecoins. 70% of revenue generated by Metavault.Trade ecosystem is distributed to liquidity pool contributors.
  • MVD: Is Metavault.Trade ecosystem governance token, holders of this token are apparently the ones governing the platform's development. As a reserve currency, MVD has a buy-back and burn policy that makes it a perfect asset for enthusiast that want to support Metavault.Trade solution and be incentivise, especially in the longer run.

Metavault.Trade Multiplier Points

Multiplier Points (MPs) are generated through staking of MVX, MPs holders accrue protocol fee rewards, thus the longer MVX are held, the more MPs they accrue.

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In Conclusion

Decentralized exchanges (DEXes) are an important part of blockchain cryptocurrency and decentralized finance, Although most of the existing popular DEXes are doing great in the space, they suffer from a number of detrimental bottlenecks. Metavault.Trade is a decentralized exchange solution that majorly rely on multi-asset pooling mechanism and a host of other features to provide traders with an outstanding trading experience in a secure and private manner. Do follow the official links below for much more into the solution of Metavault.Trade, thanks.

Website || Documentation || Twitter || Telegram || Discord || GitHub || Medium

 

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thefreethinkeer
thefreethinkeer

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