Matrix Airdrop Review: Low Fees and Auto Compound Vaults

About Matrix Airdrop

Matrix Airdrop is a farm aggregator that helps users to maximize their returns through an auto-compounding yield farm system, able to take advantage of the compounding interest. Their long-term goal is to make yield farming as simple as possible without losing the benefit of an ultra low-fee chain like Fantom. Matrix will be airdropping free MATRIX tokens to early users of the platform. Continuous snapshots of users will be taken until the launch of the token and based on the duration in which they’ve invested and the amount invested, users will get free MATRIX.

How To Join Age Of Matrix Airdrop

First Step

Visit the Matrix dashboard.

Second step

Connect your Fantom wallet.

Third Step

Now select a pool and stake Fantom (FTM). You can buy Fantom from Binance.

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Fourth Step

Matrix has confirmed that they will do an airdrop to early users of the platform.

Fifth Step

For more information regarding the airdrop, see this page.

Mission

Put it in this way, we know how stressful and boring it is to spend so much time working on different platforms without having the possibility to automatize each process. For these reasons, our long-term goal is to make the yield farming as simple as possible without losing the benefit of an ultra low-fee chain like Fantom. In addition, they are also working on money management tools which will help users to further increase their possibility to gain as a yield-farmer.

Tokenomics

Warren Buffett, later quoted among the others by Jeff Bezos, famously said: “You can hold a ballet and that can be successful. And you can hold a rock concert and that can be successful. Just don’t hold a ballet and advertise it as a rock concert.” The way they interpret this concept at Matrix is very straightforward: be clear with your tokenholders with what you want to achieve from the start. And our mission is quite clear: “becoming the first auto-compounder with a strong focus on analytics and valuation metrics that will bridge the DeFi with the TradFi world, while also providing long-term sustainable value to holders”.

The first step in order to build a long-term community-oriented project is to envision an ecosystem token supported by strong intrinsic economics. Luckily, among the Matrix team we have different bright minds coming from leading financial institutions around the world. With their help, and in accordance with our value proposition toward our users, we have built what we think to be a tokenomics system well-suited to support the success of our project in the long-run, as detailed in the picture below.

Airdrop

First, we would like to make clear that launching a token is a very important and delicate step for any kind of DeFI project. For that reason, the process that leads to the token creation should be a very thoughtful process. We, at Matrix, are lucky enough to have a brilliant team behind the project who is working intensively to create a token that will generate stable value for its holders.

Therefore, we plan to execute launch between the end of Q2 and the start of Q3. In other words, you are about to be able to trade token during the summertime. In addition to token though, you will be experiencing a different and even cooler and fresher UI/UX, with many more perks that we will be happy to release to our community later on.

If the token launch seems too far away, do not worry, they have a surprise for you. Until the token launch, we will be taking many different snapshots of the wallets that have assets deposited on the Matrix platform. Therefore, by depositing on Matrix, you will receive its native token for FREE.

Zapper

If automated compound does not already make the users life easier, they have added a new functionality that does. Indeed, for using Matrix you just need to have FTM on your wallet. The Zapper functionality allows users to just deposit FTM and LP will be create automatically by Matrix. Thus, even when withdrawing the users will receive a total amount of 100% FTM.

Fees

0.1 % security fee on withdrawals which is reinvested in the strategy. This is done to prevent certain attacking techniques, including sandwich attacks and other vault share manipulation vulnerabilities

0.45 % bounty fee – taken from the users’ profit and sent to the user who calls the “reinvest function” (check the Bounty section) or the script automating it

4.05 % performance fee – taken from the profit users earn by using our platform and sent to our treasury contract

Deposit feesEach pool could have a different deposit fee. Indeed, that one doesn’t depend on Matrix, but instead, it depends by the farm provider (i.e., Spookyswap).