INTRODUCING MERIT VAULT (mVault).

In cryptocurrency, staking can simply be explained as using one’s digital assets to earn yield by depositing the assets onto a platform that provides such services. For the average investor, staking is a useful way of earning extra rewards for holding certain cryptocurrencies.

First and foremost, Metis is the native token on the Andromeda network, and is already one of the top scaling solutions for Ethereum. With currently over 600M USD in total value locked, the Metis ecosystem continues to expand at a rapid pace. We, like many blockchain users and developers, believe there is a bright future for Metis, and its community. We are still early.

Merit Vault will be a community driven and decentralized finance hub on the Metis blockchain and will be the first Staking as a Service provider on the network, allowing the platform to be at the forefront of developing products to expand the Metis ecosystem.

Our Staking-As-A-Service (SAAS) protocol solves most problems that come with traditional staking and providing major advantages.

I — Minimizing or eradicating risks associated with impermanent loss (IL): one major problem hindering liquidity provision and the growth of Total Value Locked (TVL) is impermanent loss, which often results in permanent loss. The mVault protocol focuses on profit generating strategies to allow single asset staking, helping offset and minimize risks associated with IL.

II — Provision of additional utility instruments for lucrative yield: the mVault seeks to offer the Metis token, blockchain and innovative projects on Metis to incentivize long-term holding.

III — Decentralization: mVault is transparent and decentralized without any intermediaries, meaning users are always in control of their staked assets at any given time. There will be no complexities involved in using mVault.

IV — Merit Vault Wallet: An easy way to access our platform and other Dapps through a one-stop app that will be available on mobile devices.

These advantages and many more are what mVault seeks to our users and the Metis ecosystem. Join us and be ready for what’s in store.

A simple schematic of mVault.

mVault GOVERNANCE SYSTEM

mVault governance system will be powered by the mGovernors. mGovernors are all stakeholders on the mVault platform. All stakers receive a NFT upon depositing to the mVault staking contract, this NFT is their voting power, allowing governance over the mVault protocol.

OFFICIAL LINKS

Website: Coming soon.
Github: https://github.com/meritvault
Telegram: https://t.me/meritvault
Twitter: https://twitter.com/MeritVault
Medium: https://meritvault.medium.com/