Introducing Metavault.Trade, the Next Generation DEX

By September 22, 2022Layer2
Click here to view original web page at www.yahoo.com

Singapore, Singapore--(Newsfile Corp. - September 22, 2022) - Metavault.Trade is a new kind of Decentralized Exchange designed to provide a large range of trading features and very deep liquidity on many large cap crypto assets.

Metavault.Trade

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Traders can use it in two ways:

  1. Spot trading, with swaps and limit orders.

  2. Perpetual futures trading with up to 30x leverage on short and long positions.

Metavault.Trade aims to become the go-to solution for traders who want to stay in control of their funds at all times without sharing personal data. Its innovative design gives it many advantages over other existing DEXes:

  • Very low transaction fees.

  • No price impact, even for large order sizes.

  • Protection against liquidation events: the sudden changes in price that can often occur in one exchange ("scam wicks") are smoothed out by the pricing mechanism design.

  • All-in-one platform: spot and leverage trading.

A Multi-Asset Pool - The Solution for Trading Without Price Impact

The main innovation at the heart of Metavault.Trade is the multi-asset pool. This feature allows the platform to have shared liquidity across all the assets it supports. For most traders, the platform will seem as if it has infinite liquidity at a fixed price, completely removing the need for an order book.

Blockchain Technology and Oracle Pricing

Metavault.Trade launched on the Polygon Network.

The assets supported are six large caps and three stablecoins:

  • BTC, ETH, MATIC, LINK, UNI, AAVE

  • USDC, DAI, USDT

Choosing Polygon over other chains has many advantages:

  • Polygon transactions are fast and cheap.

  • It's easy to onboard users thanks to the ramp-on and ramp-offs from exchanges.

  • Chainlink provides a large number of price feeds on Polygon. These are crucial for the platform's pricing mechanism, and the listing of new assets also depends on them.

To set the price of each asset, the platform aggregates Chainlink and Time-Weighted Average Price (TWAP) pricing from major DEXes and CEXes.

Metavault.Trade is built by the team behind which fuels a whole ecosystem of blockchain and technology projects.

The code is a friendly fork of GMX, which has already been audited by [ under the name "Gambit", the original name of the GMX project].

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