As we wave goodbye to March, let’s take a moment to review Metavault’s progress! April has been marked by significant external partnerships, collaborations, and crucial development shaping our future.
Here’s an in-depth look at our thrilling journey over the past month.
What happened in April?
First, if you missed our March recap, you can find it here
After more than two years of development, Metavault has evolved from a basic GMX fork into a multifaceted DeFi hub powered by leading dApps. It now offers a wide array of services such as spot trading, perpetual trading, cross-chain spot trading, binary options, sports betting, and liquidity provision, all accessible through a single interface.
Our ecosystem features our new product, Metavault Perp DEX aggregator, providing up to 100x leverage across cryptocurrencies, forex, stocks, and commodities, with liquidity sourced from over 12 chains for optimal trade execution. This setup enhances trading efficiency without requiring users to switch chains, leading the chain abstraction narrative.
Furthermore, our partnerships now include leading services such as Kyberswap, which offers competitive spot trading rates across 11 chains, and Azuro, for betting on more than 15 sports and esports. We also facilitate binary options trading in partnership with PRDT and provide high APR potential liquidity options through various pools on multiple chains.
The revenue generated by those services is then used to buyback and burn the $MVX token, further enhancing the scarcity and value of the MVX token.
To further boost the appeal of our DeFi hub, we’ve teamed up with Mercuryo, a top provider of fiat-to-crypto services, to offer a more streamlined and user-friendly experience.
This collaboration enables our users to effortlessly convert fiat to crypto and vice versa directly on the Metavault platform, eliminating the need to navigate through multiple exchanges or deal with complex procedures.
This integration simplifies the transition between fiat and digital currencies, making it more accessible for everyone.
On the collaboration / integration side, we’re delighted to announce that we’ve included Grizzly finance perp DEX to our DeFi hub, allowing users to trade on the BNB chain from Metavault’s interface.
Since inception in August 2023, we burned 968,039 $MVX tokens and 944,353 $esMVX tokens, representing 24.20% of the supply.
Planning the next months:
In the upcoming weeks and months, we plan to speed up the deployment of our Perp DEX aggregator on new chains and incorporate more tokens.
- If you are a project and want to offer such a product to your users, know that Metavault is ready to provide it, so just contact us!
- In addition, if you are a community member and know a project that could benefit from such a mechanism, please contact us!
We are already in discussions with the majority of L2s, and even some L1s, who are excited about our product. We now simply are scaling the operation with more partners to launch on these chains.
The expansion phase of Metavault is now launched!
