DeFI Saint 🦇🔊
DeFI Saint 🦇🔊

@TheDeFISaint

28 تغريدة 1 قراءة May 22, 2023
Crypto is purely driven by narratives and the smartest ones that position accordingly wins
There's only one project that stands the chance of benefiting from multiple narratives:
Polygon zkEVM, zkSync Era, Perp Deriv DEX and Options
Want to find out who, Let’s dive: 🧵
I’ve found that luck is quite predictable. If you want more luck, take more chances. Be more active, and show up more often.
In this thread, I’ll walk you through:
@MetavaultTRADE Overview
@MetavaultTRADE Products
• Metavault Partnerships
• Tokenomics
• Roadmap
1/ @MetavaultTRADE is building the largest Spot and Perp DEX on polygon and not just that, but expanding to zkSync soon which its development is currently in progress.
Metavault doesn’t just stop there, its platform also gives room for trading options as well.
Imagine a platform where you can make swaps, trade perp futures, trade options, gamble and a lot more in the future, this is Metavault in a nutshell for you.
According to DeFILlama, Metavault is currently ranked 23rd by TVL across the Polygon chain, and I expect to see Metavault’s launch on zkSync spice things up.
According to DeFILlama, Metavault is currently ranked 23rd by TVL across the Polygon chain, and I expect to see Metavault’s launch on zkSync spice things up.
2/ Metavault has two core products and they are:
• Perpetual Futures Trading
• Binary Options Trading
Metavault on Polygon has processed a total vol of $592M trades, $1.4M+ fees and $5.3M MVLP.
Metavault Perp futures trading with its sleek UI allows users to trade even up to 50x leverage
It is explicitly unique from other Perp DEXes with these features:
• Very low Txn fees (0.1% opening and closing fees)
• No price impact for larger order sizes
• Trailing stop
• Protection against liquidation
Metavault Binary Options was launched in partnership with @Buffer_finance and this made it the first protocol on Polygon to offer that.
This is just the beginning for Metavault as it's equally setting itself to be the Top DEX on zkSync soon.
Want to learn more about Options and how it works, Here's a simplified guide on that
3/ @MetavaultTRADE hasn't stopped shipping and has partnered with top projects on zkSync to drive its growth and bring smooth UX to its users.
Metavault migrated its DAO token $MVD from Ethereum to Arbitrum by partnering with @CamelotDEX
Metavault also launched its token $MVX on zkSync and since then has partnered with:
@velocorexyz to bring MVX/ETH LP to the chain
@mute_io to open MVX/ETH LP to provide traders with low slippage and Limit Order features
It doesn't stop here as more partnership with other leading zkSync projects are on the way.
4/ Now let's look at the Tokenomics of Metavault
• $MVX is the Metavault native and governance token.
• MVLP is the liquidity provider token
• $MVD is the DAO ecosystem token
Users who stake $MVX are entitled to these rewards
• esMVX
• Mutipllier points and
• $MATIC
30% of the swap fees and leverage trading fees are converted to $MATIC and distributed to users staking $MVX.
MVLP is Metavaults LP token, just like GLP which acts as a counterparty for traders
Users can mint MVLP by adding any index asset to the LP and MVLP holders also earn rewards in $MATIC and esMVX
Here’s the PnL stats of the traders
esMVX can also be staked to earn $MATIC, esMVX and multiplier points.
The MVLP assets are constantly rebalanced which is based on token weights and this serves as a means to hedge LPs from traders' open positions.
Currently, The yield on the MVLP is Insane, with a 46% APR
Looks good for LPs who want to earn a yield on their assets
So much for a yield which is a purely real yield that comes from:
• Swap fees
• Opening and Closing trade fees
• Fees from borrowing to leverage or short an asset
• Liquidation fees from a leveraged position
• Fees from minting and redeeming MVLP
5/ Metavault has a lot of exciting things coming on their roadmap which you should definitely keep an eye on
I’m excited to see its launch on zkSync, just that alone is a catalyst you should be keen on, Metavault alone on Polygon achieved a lot.
How much more when it’s live on zkSync and its expansion to other EVM chains?
You know the answers
Talking about setting goals and achieving them, Metavault is one of the projects who are good at what they do.
The roadmap is being followed sequentially and achieved step by step.
Also, that’s no the end as more exciting things are coming in Q3 and Q4.
So much more to come from Metavault, Keep your eyes on them
This thread is made in collaboration with @MetavaultTRADE and nothing here constitutes financial advice.
Also, this project is one I’m looking forward to accumulating to prepare for the bulls.
Always DYOR and until then, see you next time!!!
If you enjoy this thread,
Kindly give a like and retweet to this.
Tagging Metavault supporters
@LouisCooper_
@Louround_
@ChadCaff
@CryptoGirlNova
@ViktorDefi
@RiddlerDeFi
@Crypt0_Andrew
@LadyofCrypto1
@bloc

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