Metavault : What & Why
Simply put, Metavault is a DeFi protocol that aims to provide a more stable and resilient alternative to fiat-backed stablecoins. It is based around the native MVD token, which is backed by a basket of assets known as the ‘treasury’. This in turn is managed by a DAO, which allows community members to vote on how the funds are invested. Token holders can also earn rewards by staking their tokens. As the DeFi market continues to grow, Metavault offers an attractive investment opportunity for those looking to get exposure to this exciting sector.
The scenery
DeFi has seen explosive growth in 2020, with the total value locked in DeFi protocols reaching over $239 billions. This growth has been driven by the launch of new protocols and the continuous development of existing protocols. Metavault is a DAO first and aims to provide a decentralised reserve currency for the DeFi ecosystem. The MVD token is backed by a basket of assets, known as the treasury and users can earn rewards by staking MVD tokens. The Metavault protocol is designed to help address the problem of over-reliance on fiat-backed stablecoins in the cryptocurrency world.
DeFi 2.0 also offers more sustainable liquidity protocols, for example through our various bonding and staking processes. In the DeFi 1.0 world, many projects have to rely on centralized exchanges for liquidity which can often lead to issues such as high slippage, low volumes, and wash trading. DeFi 2.0 projects like Metavault don’t have these same dependencies as we’re able to generate their own liquidity through staking and bonding mechanisms. This not only makes them less reliant on centralized exchanges, but it also allows them to offer better fees and therefore higher yields.
Metavault.trade (MVX)
From this Ecosystem is born Metavault.trade (MVX), a strong decentralized exchange that will offer spot and perpetual trades up to 30X. It will also be backed by Chainlink oracles and TWAP pricing from large-volume exchanges presented as dynamic pricing. A fork of the GMX source code, MVX does hide behind the fact they have been audited by ABDK Consulting which will offer ease of mind for most users, knowing the code has been thoroughly scrutinized. If you are curious yourself I invite you to check in their Github under the name “Gambit”.
Backed by multi-asset pools supported by liquidity providers, MVX will encourage inflow of liquidity by giving back fees as rewards from swaps, market making, rebalancing and leverage trading. Long-term holders and providers of MVLP, will receive these as esMVX (escrowed MVX) which they will then be able to claim or compound. MVLP is the token representing an index of assets used in swaps and leverage trading. Its price, compared to usual LP tokens, is a combined value of the indexed assets divided by the supply of MVLP. This makes for a very stable type of liquidity which also permit them to offer minimal slippage as the liquidity comes from all places in one token. This is very smart, since by providing a decentralised reserve currency, Metavault aims to provide stability and confidence in the DeFi ecosystem.
It is easy to see from their documents they are encouraging holders in order to provide a long and sustained liquidity provision for the traders. Multiplier points, which are awarded every second from the staking, are given at 100% APR, intended to be non-inflationary rewards.
The Metavault team has also created a unique approach to value storage that they call the “buyback and burn” mechanism. Here’s how it works: each time someone buys an MVD token, a portion of the purchase price is used to buy back and burn other MVD tokens. As the supply of MVD tokens decreases, the remaining tokens become more valuable, backing the price of the token. This feedback loop creates a self-reinforcing system that supports the long-term value of the MVD token. In addition, the Metavault team has implemented a price anchor feature that allows tokenholders to close their MVD positions OTC without negatively affecting the price. This makes Metavault a unique and compelling option for those.
With heart and passion we conquer
The world of Decentralized Finance (DeFi) and the Metaverse is growing at an unprecedented rate. Every day, new projects are launched and new technologies are developed that have the potential to change the world as we know it. However, for many people, these spaces are still inaccessible. Investing in DeFi and the Metaverse can be prohibitively expensive, and often requires a deep understanding of complex technical concepts. Additionally, these spaces are often dominated by large investors, or “whales”, who can easily manipulate the market.
Metavault was created to solve these problems. Their platform provides a simple and user-friendly interface that makes it easy for anyone to go from beginners to experts!
Looking to the future, Metavault aims to become the go-to platform for DeFi applications. The protocol is designed to be scalable and able to support a large number of users, as well as being extremely user-friendly. In addition, the Metavault team are committed to creating a fair and decentralized ecosystem, where power lies in the hands of the community rather than whales. Ultimately, the goal is to create a self-sustaining DAO that can continue to grow and evolve without the need for central control.
Public Funding Round is just around the corner and here are the details:
Public Presale details
- Presale price: 0.9 USDC
- Listing price: 1.0 USDC
- Whitelist slots: 500
- Individual cap: 1800 USDC
- Community hard cap: 900.000 USDC
- Market cap at listing: 6 million USD
- Fully-diluted market cap at listing: 10 million USD
Presale Timeline
15. April 2022: Whitelist opens
22. Apr 2022: The whitelist will close once 500 slots have been taken, if not, the whitelist will remain open
23. April 2022: Whitelisted presale opens on Polygon. USDC will be swapped directly against MVX tokens on Polygon.**
30. April 2022: Whitelisted presale closes, it will be closed earlier if the hard cap is reached.
1. May 2022: MVX will be listed on Uniswap using 500,000 of the USDC raised from the presale as initial liquidity paired with 500,000 MVX tokens
- to make things easier, they will send 0,25 MATIC, enough for roughly 30 transactions
Connect with Metavault
- Website: https://metavault.org & https://metavault.trade
- Twitter: https://twitter.com/MetavaultDAO
- Telegram: https://t.me/MetavaultDAO & https://t.me/MetavaultTrade
- Discord: https://discord.gg/fxyQdzeSPH