[Week 2, September 2022] MEVerse Weekly Report]
5. News & Updates
🔶 MEVerse DEX’s MEFI Farm Updates
On the 15th of September 2022, at 9:00 UTC, the KLAY-USDC pair will be closed on MEFI Farm. As we mentioned earlier, we will progressively update our MEFI Farm to reduce the amount of generation of MEFI tokens. Eventually, the generation of the MEFI token will be closed to zero, and all pairs of liquidity will be supplied from the protocol.
🔶 MEVerse Onboarding, Pocket Battles: NFT War’s update
MEVerse’s first onboarding project, Pocket Battles: NFT War, is collaborated with ME2ON’s Asia №1 Mobile social casino game, Full House Casino.
Through this collaboration, Pocket Battles: NFT War’s Hero NFTs and Soldiers characters are added to the Full House Casino game so that it can be more familiar to their users.
Since various global users are playing on Full House Casino game, we are delighted to see how many more users will be involved and will get interested in Pocket Battles: NFT War.
🔶 MEVerse DEX Protocol Fund Usage
MEVerse Team has proceeded buyback and provided liquidity to sustain value of MEFI.
Details are as follows.
✅912.8 USDC swap to 11,364 MEFI
✅Liquidity Provide 11,274 MEFI with 912.8 USDC
✅Liquidity Provide 19,651 MEV with 3,745 MEFI
(*Total: $2,403, based on MEV $0.015, based on MEFI price at $0.08)
We will continue to do our best to sustain the value of MEV and MEFI with the protocol fund.
MEVerse, with its lightning-fast speed and low fees, is the most optimum platform for Metaverse, covering Entertainment, P2E games, DeFi, NFT, and others. MEVerse provides a customized multi-chain structure with an easy development environment for MApps and a fast and convenient environment for participants.
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