Today we are going to take a deeper dive into the engine that drives @MyMetaTrader
🔎We will examine the fine details of all the moving parts in MMT, and how it works. We will explain how we differ from other DEX's
🪂So without further delay, let's dive in
1⃣ The primary advantage being that with mTrader, you’re trading with just a singlular vault 💰 instead of multiple vaults like other oracles
🧮In addition to ease of access between diverse pairs, traders can also maximize their capital efficiency with up to 150x leverage
🔮Advantages from trading multiple assets:
-Diversify your portfolio
-Reduce your risk exposure in volatile market conditions
🤖Now what about the oracle, how does it work?
💡That is where our unique feature known as the "Price Feed Express" comes in!
💻The oracle is an aggregator that calculates the average of multiple oracle nodes and 4 CEXs to get the most accurate match price. Price deviation of more than 1% will cause an alarm 🚨 to go off, excluding this node from the average
The price feed express offers you assurance that you are getting the best possible price on all trades
🤝What are you waiting for now? Hop into our discord and join the community today:
As we continue to approach the date of the @MyMetaTrader IDO, we have been continually inundated with BULLISH news
❓ Wen airdrop, wen CEX, wen use case, wen wen wen
🧵 In this mega thread I will address every single point of interest on #MMT
LETS GET INTO IT! 👇
⏪ But first let us review; what is mTrader?
#MyMetaTrader is the first leverage DEX built with the aid of GPT-3 on the Arbitrum blockchain. MMT allows trading across diverse asset classes, maximizes your capital efficiency, and minimizes your risk exposure
💭Okay, but HOW?
1⃣ This brings me to my first point: risk is already minimized on the front end by removing centralized entities from the equation. There are a number of reasons that trading with a CEX is less secure:
-Vulnerable to hacking
-Fraud risk (see: FTX)
-Scam wicks
Have you still not joined @MyMetaTrader community, anon? Why not...? Today I am going to review the project, and give you some reasons why you may want to get involved with #MyMetaTrader
So let's get into it. Let's talk about what MMT is first:
My MetaTrader is the FIRST DEX built using GPT-3 that is building on Arbitrum. Another unique feature of MMT is that it hosts VERY high leverage (up to 1000x for some asset class), and the ability to trade stocks/forex, and other asset classes beyond crypto
There is a plan for the ability to bid NFT floor prices up to 10x in the future as well.
Now, what is great about trading with leverage on MMT is that you are trading against a single pair since it utilizes a collateralized mDAI vault that absorbs the loss