Introducing MoatFund Dapp.
Today, we’re delighted to introduce MoatFund Dapp which is a simple interface to track your MoatUnits. This will also facilitate the investment and redemption process of MTU.
To access the dapp, you must be on a desktop browser with Metamask extension installed.
How it works?
MoatFund Dapp is the client end interface to interact and initiate functions of MoatFund Smart Contract which is deployed on Ethereum Blockchain. Below is a quick explanation:
Box #1 shows your MTU holdings. You can lock ETH for investment (INVEST) and lock MTU for redemption (REDEEM) using the respective options given in the box.
Previously, MoatUnits (MTU) are issued instantly on sending ethereum to MoatFund contract at a fixed rate. From v2.O protocol, MTU will be issued as per the market price of MoatFund underlying assets calculated at the end of each month/quarter.
So after clicking INVEST button, a Metamask popup will ask you to deposit ethereum. After confirming the transaction, Box #3 value will increase with the exact amount of deposited ethereum, which you can further use to claim MTUs.
What if I’m not satisfied with the MTU price and don’t want to claim MTU, instead want my deposits (ether) back?
That’s a very valid question. After locking your ether, you have 2 options:
- Either claim your MTU.
- Or withdraw your locked ether back.
You can withdraw your locked ether ANYTIME. However, to claim MTU, we will open a 7 day window each month/quarter.
Likewise, in redemption process you’ll lock MTU and redeem ethereum from the smart contract as per the recent MTU price.
You can also read this technical guide on investing in MoatFund v2.
Here’s an experiment you can do.
Deposit ether in the MoatFund contract, your locked amount in the dapp interface will increase by the exact deposits. You can also cross check the Tx on MoatFund etherscan. Then click WITHDRAW to get your ether back without any deduction. You’ll only be charged for deploying a Tx on blockchain. No additional deduction in the process. Likewise, MTU holders can deposit MTU and withdraw it accordingly.
Check out: moat.fund/dapp
If you have any additional questions at all, kindly let me know on Telegram or Twitter. Step inside our email newsletter to get notified about important updates.
At MoatFund, we are continuously assisting people get educated about how rapidly this technology is advancing and revolutionising our world. Everything will connect like never before. Here’s Everything You Need to Know About MoatFund, All In One Place.
