MERIT VAULT ECOSYSTEM

Merit Vault is a community driven and decentralised finance hub on the Metis blockchain.
The $Merit token is non-inflationary and non-deflationary, designed to provide profit-generating strategies for its holders powered by a complete decentralised and autonomous system on the Metis Blockchain.

Ecosystem

Our ecosystem aims to support the growth and developments of the Metis community.
We will be the first Staking as a Service provider on Metis, allowing the platform to be at the forefront of developing products to expand the Metis ecosystem. Our ecosystem offers the following products to the Metis community:

1. SAAS

Staking as a Service will be the first product by Merit, where users will be able to stake tokens of selected projects on Metis network to earn rewards. For every withdrawal from the Merit Vault, a 2% fee will apply, which will be added to the Merit treasury. This treasury is governed by the mVault DAO.

• Strategy
  Merit will host a number of projects on the SAAS platform, where projects will have its native tokens staked inside the Merit Vault to earn $Merit. A 2% withdrawal fee will be imposed when withdrawing from the value. The terms of the staking withdrawal tax may be subject to change, as it is dependent on the relationship between Merit Vault and the corresponding project. To participate in the Merit staking program, users must hold at least 1 Merit token.
• SAAS NFT
  SAAS NFTs are received upon depositing tokens to the Merit Vault. These NFTs represent the amount of tokens staked, and is an asset that is tradable and transferable. As much as these NFTs are tradable, it’s worth noting that selling them means giving away access to your tokens staked in the vault and the buyer/holder of the NFT will remain in complete control of the staked tokens. The NFT will additionally be used to govern the Merit Vault / mVault DAO.
• mVault DAO
  mVault governance system will be powered by the mGovernors. mGovernors are all stakeholders on the mVault platform. All stakers receive an NFT upon depositing to the vault, this NFT is their voting power, they make decisions on matters related to the Vault system. They govern the mVault protocol.

2. INDEX

Merit’s second product will be the Merit index fund. Index fund offers diversification of an investor’s portfolio by purchasing a single asset. In the past few years, traditional markets have evolved with the addition of Index funds, and has proven to be one of the best ways for portfolio managment. For investors, tapping into the potential index funds model can be a lucrative way to boost exposure to a wider range of investment opportunities in Cryptocurrency.This is why we are focused on creating a lucrative investment in the Metis ecosystem by building a portfolio of best performing assets on the Metis network.

3. WALLET

To make investment easier for both new and current crypto investors, Merit’s final product will be a fiat-on-ramp integrated non custodial wallet for all users around the world. The Merit wallet will be the central hub for trading and investing in the Merit ecosystem and will combine the Merit SAAS and INDEX with other dapp wallet features, such as multi-chain bridge, multi-chain dex swap, dapp browser, all in one simple application.

Conclusion

Combining the uniqueness of fungible and Non-Fungible tokens, Merit will create a one-stop gateway for all users looking for simple ways to navigate the Metis network and major layer 1 chains.