Metavault Trade Trade is a decentralised spot and perpetual exchange with low swap fees and zero price impact trades. Trading is backed by a multi-asset pool which is in turn supported by liquidity providers. Trading is backed by a multi-asset pool which is in turn supported by liquidity providers. Liquidity providers receive rewards from swap fees, market making, rebalancing and leverage trading.MVX uses Chainlink oracles and TWAP pricing from large-volume decentralized exchanges for dynamic pricing.
Users can take either a or a long or short position on a coin – a long position results in profit if the price goes up, while a short position results in profit if the price goes down. After selecting either “Long” or “Short” as you require, enter the pay amount (the amount you wish to trade) and use the slider to specify the leverage.
A list of open positions can be viewed by clicking on “Positions”. Click “Edit” to manage your leverage and the liquidation price by depositing or withdrawing collateral. By default, the list displays leverage as position size divided by its collateral. To display leverage as position size +PnL divided by position collateral, click on “…” in the top-right of the app.
Reduce Liquidation Risks
Metavault Trade aggregate of high-quality price feeds determines when liquidations occur. This keeps positions safe from temporary wicks.
Save on Costs
Enter and exit positions with minimal spread and zero price impact. Get the optimal price without incurring additional costs.
Metavault Trade Open positions through a simple swap interface. Conveniently swap from any supported asset into the position of your choice.
MVLP is a token whose value is made up of an index of assets used in swaps and leverage trading. Users can mint MVLP using any index asset or burn it to collect an index asset. The price of minting or redemption is the combined value of the indexed assets / MVLP supply. MVLP holders earn esMVX. Since MVLP holders supply the liquidity required for leverage trading, they profit when Metavault Trade leverage traders make losing trades. They also make a loss when leverage traders make profitable trades, with their collateral going towards the payout.
+Liq. for MVLP
Metavault Trade add MVLP liquidity a fee must be paid, which is calculated as the proportion of the indexed asset being paid with. Tokens get staked immediately and begin earning esMVX at the same time.
-Liq. with MVLP
There is a 15-minute holding time before removing -Liq. with MVLP is possible.
Metavault Trade Adding liquidity or removing liquidity to or from MVLP incurs a fee, which is proportional to the benefit of carrying out that action. For example, if there is a low percentage of an asset inside the index, then actions that decrease the amount of that asset will incur a higher fee than those that increase it.
Staked MVX generates three reward types:
(Native Token like MATIC/CRO)
30% of swap and leverage trading fees are converted to (Native Token like FTM/MATIC) and distributed to the accounts staking MVX.
Metavault Trade MVX-USDC LP-pair gets provided by and owned by the protocol. 100% of the fees from this pair are converted to MVX and deposited into the MVX treasury.
Metavault Trade maximum supply of MVX is 10,000,000. Minting beyond this maximum supply is controlled by a 28 day timelock, an eventuality that will only be considered if the demands of the protocol necesitate an increase in liquidity. The rate at which the circulating supply changes will be dictated by the number of tokens that are distributed through other DEXs, vested, burnt and spent on marketing:
1.2 million for marketing, partnerships and community development
2 million for the Metavault DAO treasury (staked+locked)
4 million reserved for rewards (esMVX reserve for multichain expansion)
1 million paired with USDC for liquidity on Uniswap
300,000 for MetavaultDAO team(linearly vested over two years with a three-month cliff)
1.5 million allocated to presale
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.