Thread by @RiddlerDeFi

1/ Thinking about shorting the market but not trusting any CEXs?

If you faded $GMX, Arbitrum has one more gem in store with real yield to back it up sitting at 3m mkt cap 🔥

Please welcome ➞ $MVX 👇🧵
Like & RT for frens 🧠

2/

TL;DR 🎙️

@MetavaultTRADE is a decentralized exchange on @0xPolygon offering perpetuals trading w/ up to 30x leverage 📈

Spot limit and market orders, a Real Yield model, and interesting upcoming features 💎

@MetavaultTRADE @0xPolygon 3/

$MVX overview:

Price: $1.62
Total Volumes: $180m
MC: ~$3m
ATH: $3.97
Circulating Supply: 2m
Total Supply: 10m

Let's dive in👇

@MetavaultTRADE @0xPolygon 4/

What's covered in the thread:

🔹 What's MetaVault?
🔹Trading
🔹Real Yield
🔹Staking
🔹Roadmap

@MetavaultTRADE @0xPolygon 5/

What's @MetavaultTRADE ❓

Metavault is a Decentralised Exchange, designed to provide a large range of trading features and very deep liquidity on many large-cap crypto assets

It offers spot trading with swaps and limit orders and up to 30x lev on perpetuals

@MetavaultTRADE @0xPolygon 6/

Thanks to it being built on @0xPolygon it has specs like

⭐Very low transaction fees
⭐No price impact, even for large order sizes
⭐Lower liquidation risks thanks to specific pricing mechanisms

$MVX also offer a Real Yield that gives you $MATIC reward, more on that later👇

@MetavaultTRADE @0xPolygon 7/

Trading 💱

Spot trading works easily thanks to a swap function and limit orders are available as well

Regarding perpetuals you can trade up to 6 pairs for now with leverage up to 30x

The risk of liquidation here is much lower than on other trading platforms ⬇️

@MetavaultTRADE @0xPolygon 8/

The pricing of assets works in a different way to prevent liquidations

Basically, it put Chainlink and Time-Weighted Average Price (TWAP) getting numbers from both CEXs and DEXs

Less liquidation because the price is less prone to random jumps/dips because of liquidity 💹

@MetavaultTRADE @0xPolygon 9/

Real Yield👨‍🌾🌽

@MetavaultTRADE gets into the Real Yield niche thanks to the tokenomics soft forked from $GMX👑

A dual token system lives on this protocol with $MVX and $MVLP and the fees accrued by the exchange are 100% redistributed to these tokens' holders

@MetavaultTRADE @0xPolygon 10/

How does it work?

Similar to other Real Yield protocols you can stake $MVX and get back esMVX, $MATIC rewards, and Multiplier Points

esMVX automatically earn you 30% of MetaVault fees, they can be compounded for more APRs or vested to gradually become tradable $MVX

@MetavaultTRADE @0xPolygon 11/

$MVLP

Providing liquidity to the $MVLP pool with $MATIC gets you these LP tokens

Holding them gets you 70% of the protocol fees

Lastly, Multiplier points can be restaked to earn higher APYs

@MetavaultTRADE @0xPolygon 12/

Where does the yield come from?

With a real yield protocol, it might be an interesting question to know where it comes from👇

🌽Swap fees
🌽Fees from opening/closing trades (~0.1%)
🌽Funding rates
🌽Perpetuals liquidations

Different revenues are always good for balance⚖️

@MetavaultTRADE @0xPolygon 13/

Checking the stats for now you will see numbers up thanks to the youth of the protocol and the trending moving up, also thanks to CEX being not so trustworthy anymore to crypto world eyes

The trust, don't verify and Not your keys, not your coins is showing strong🔑

@MetavaultTRADE @0xPolygon 14/

The ratio of market cap to fees is extremely good, especially considering the competition in $GNS and similar tokens

Most of the fees are coming from swaps despite the still low variety of tradable assets💱

@MetavaultTRADE @0xPolygon 15/

Let's check the Roadmap 🗺️

Going multichain with more available chains to work on ⛓️

Developing a new #dAPP 🕹️

An exciting future development is the introduction of more trading mechanisms 💹

@MetavaultTRADE @0xPolygon 16/

The introduction of options, synthetic assets, and forex will increase the market size where @MetavaultTRADE will get to a bigger target, and also confront a wider competition 🌐

It will enter the same league as $BFR, $GAMMA, $GNS, and more protocols w/ Real Yield niche

@MetavaultTRADE @0xPolygon 17/

After completing the steps up to now, the team has planned to increase the number of available trading pairs💱

Right now not too many are available, but new ones like $BUSD get added as time goes on and the team keeps developing

@MetavaultTRADE @0xPolygon 18/

There is also already a good number of backers with @DefiLlama straight on top of the list

@MetavaultTRADE has also been audited, technically twice, as the code is a fork from the audited code of $GMX

But this protocol got audited by Techrate a second time for max safety

@MetavaultTRADE @0xPolygon @DefiLlama 19/

The Real Yield niche is growing thanks to the current times in creating more and more distrust in centralized exchanges and custodial wallets 💼

@MetavaultTRADE is a great game-changer for this time, thanks to @0xPolygon low fees and no environmental impact ♻️

@MetavaultTRADE @0xPolygon @DefiLlama 20/

For more alpha on $MVX:

@RvCrypto
@LouisCooper_
@CryptoGirlNova
@BraverCrypto
@LoganDeFi
@AlphaSeeker21
@ThorHartvigsen
@21blacky
@CRyptOracl3
@CryptoBoss1984
@JayskiDeFi

@MetavaultTRADE @0xPolygon @DefiLlama @RvCrypto @LouisCooper_ @CryptoGirlNova @BraverCrypto @LoganDeFi @AlphaSeeker21 @ThorHartvigsen @21blacky @CRyptOracl3 @CryptoBoss1984 @JayskiDeFi 21/ That was it for this thread 🧵

You know the drill 🫡

Follow me @RiddlerDeFi for more alpha 🧠

Best way to support if to simply drop a RT + LIKE on the #1 tweet of this thread 🖤

https://twitter.com/RiddlerDeFi/status/1604899889497968650