MetaFinance halving on-year, rebuilding the financial order of the Metaverse
Author:
Nicke Balaskan *
Boo Stark **
*Core contributor to MetaFinance technology community, winner of “LinAuthur Talent Award”, “Global Outstanding Young Innovator” award.
**Core developer of MetaDEX , MOOA Algorithm proponent, mathematical researcher.
Review on MetaFinance halving one-year.
It’s a famous photograph, the Pale Blue Dot is a photograph of Earth taken Feb. 14, 1990, by NASA’s Voyager 1. As Voyager 1 was speeding out of the solar system — beyond Neptune and about 3.7 billion miles (6 billion kilometers) from the Sun — when mission managers commanded it to look back toward home for a final time. It snapped a series of 60 images, one of which included exactly the Earth — just a point of light about a pixel in size.[1] Back to the era of blockchain where we live, Bitcoin is also in the centralized dark night, constantly breaking through the shackles, illuminating the temporary dark night like stars.
The establishment of Metaverse provides another parallel universe for the blockchain technology represented by Bitcoin. In this universe, on-chain assets are sacred and inviolable. As pioneers in the industry, MetaFinance is adhering to the belief of decentralization. And we believe that even in the course of history, only a certain day, a certain hour, a certain minute can leave traces of our exploration. In a new universe here, its impact can still span time and space.
MetaFinance has always believed in the power of wave of the blockchain industry. And MetaFinance will strengthen our beliefs and give the entire industry resilience and strength.
On November 15, 2021, MFI halving for the first time. At the moment of the second halving of MFI next year, let’s gather in the MetaFinance community and witness the most glorious moment together！
Meta x Finance: One-Stop Metaverse Finance
On October 28, 2021, FaceBook changed its name to Meta and officially entered the Metaverse.
MetaFinance has been deeply involved in the field of Metaverse for a year, and has provided financial infrastructure for Metaverse since its launch. On the occasion of halving, we have further refined our mission: One-Stop Metaverse Finance, which means we provide one-stop Metaverse financial services.
The giants of the old world are just disruptors, and the future Metaverse belongs to the creators of the crypto world.
In Metaverse, due to the composability of smart contracts, MetaFinance build combination easily when constructing a one-stop financial service system. Just as the MetaDEX product architecture incubated by MetaFinance, while constructing innovative algorithms for small trades, it also integrates the liquidity of other DEX to provide users with services. In the future, MetaFinance will build more diverse financial services for Metaverse users.
The Metaverse is mysterious, magnificent and all-encompassing. Whether it is NFT, GameFi, DeFi, Layer2, Cross-Chain, art, sports, or collection, you can find corresponding application scenarios in the metaverse.
Looking back at our MetaFinance Anniversary partners in 2021.11.02, we were pleasantly surprised to find that these projects are consistent with our roadmap. As mentioned in our declaration last year, “On this road of building the DeFi Lego world, fortunately, a group of partners from all over the world have been around, exploring more unknowns and possibilities. After a year of exploration, Meta has given MetaFinance a new mission to build the DeFi Lego world further, and join hands with more partners to “build together the Metaverse financial service infrastructure.”
Let’s review the track occupied by our partners in the field of Metaverse during the first anniversary event:
MetaDEX: Provide friendly small trades for Metaverse users
MetaDEX is a product incubated by MetaFinace. It has undergone half a year of algorithm iteration and development, and will be launched in beta at the end of December. At the same time, the algorithm of MetaDEX has attracted many top institutions, and MetaFinance will fully support the iteration of the product to better serve Metaverse users. On the occasion of this anniversary of halving, MetaFinance announced more unique features of MetaDEX including the vision, technical architecture, and algorithm innovation for Metaverse users and partners.
Research and development background of MetaDEX
With the rise of Metaverse, play to earn is currently the most popular user behavior. Tens of billions of dollars of funds has participated in the game yield craze in studio. For users participating in the game, since their daily yield output is realized in the form of tokens. An investment of 100,000 dollars, in the case of 30 days of return, the daily sale volume is around 3,300 dollars.[2] This is just one of an examples. The popularity of Metaverse will cover more users with small trade needs. In the Southeast Asian market, nearly 300 million users participate in digital currency trade, and the daily transaction volume does not exceed 1,000 dollars. The explosion of high-frequency small trades has made MetaDEX teams to see a huge market demand. The transaction of on-chain small trade has a daily transaction volume of far more than 1 billion dollars.
MetaDEX: Provide the best price for trade less than $5,000
The core algorithm of the MetaDEX architecture is for small trades, using a proprietary algorithm to solve the problem of price slippage in small trade. The theoretical basis of the algorithm comes from the mathematical framework of Uniswap AMM[3], but the framework can be traced back to the doctoral thesis of Clipper founder Abe Othman in 2012.[4] In this year, Clipper also fundraised 20 million dollars to provide the optimal algorithm for small trade but only for ETH and BTC.
However, the cost of using ETH and BTC is too high for a wider range of Metaverse users. In the case of a transaction of several hundred dollars, its usage scenarios are limited. This is also the reason why the public chain burst out this year and MetaFinance migrated to the BSC chain as the main chain. A wide user group is the first consideration for all products including MetaDEX.
Compared with Clipper, our token asset will mainly be extended to assets related to the Gamefi project. MetaDEX’s algorithm framework can solve three problems:
＊For liquidity providers, there is no need to maintain large AMM liquidity pool. For example, if all users’ trade is less than $100, the AMM pool of $400,000 can provide a daily transaction volume of $1 million. On the one hand, it reduces the liquidity mining costs set by the project to attract liquidity. On the other hand, it also improves the capital utilization of liquidity providers, and high-frequency trading will also bring more serve income.
＊For the project, it provides a new liquidity place and reduces costs.
＊For users, the best price for small trades can always be obtained. When it is not the best price, MetaDEX will aggregate the liquidity of other DEX by means of aggregating exchanges.
The figure above is the algorithm architecture diagram of MetaDEX. Assuming that a user trades a game token worth $500, MetaDEX will directly take the transaction to the exclusive liquidity of MetaTrigger Pool, and use the P2P model to complete efficient liquidity matching.
The core algorithm of MetaDEX, the MOOA algorithm, is designed by Boo Stark. It is called a multi-objective optimization algorithm, which means that under constraint conditions, it achieves the best trading price for users and the largest profit for liquidity providers.
In aggregation trade, The optimization algorithm expands Balancer’s SOR algorithm from each pool to each DEX, obtain the best price of each DEX.[5] In small rade , it is based on the ideas of Clipper and Cowswap.[6][7] Redesigned a new MOA algorithm to provide the best algorithm for small trades (less than $5,000) through a private liquidity pool. The MetaDEX algorithm paper will be published soon, and more mathematical details will be further elaborated in the paper.
MetaDEX will independently issue its own new token as part of product design. Since MetaDEX was first incubated by MetaFinance, the token will be airdropped to MetaFinance’s DAO community and other investment DAO organizations. The specific Token model will be announced before TGE.
MFI: DAO of Metaverse Investment
In a blink of an eye, a lot of past events came to mind, all back to the starting point, it is always MFI that brings us together. It is precisely because of MFI that we have been able to explore the DAO of Metaverse’s investment: MetaFinance’s brand upgrade, MetaTrigger income dividend, MetaDAO cooperates with Idavoll network to cross-chain DAO protocol, MetaDEX research and development, MetaFinance transfer to BSC chain, establishment of community autonomy committee, MFI halving, DAO governance voting, MFI node competition and blueprint launch, donation to disaster areas, DeFi education organization, the Anyswap cooperation under the founder of YFI, etc.
Furthermore, as an Invesor DAO, MetaFund supported by MFI reached a strategic partnership with Apollo Capital, 1kx, Canace Capital, Sich Ventures, GrandChain Capital, Compound VC and other institutions.
The cycle is rolling, life is a moment, but the on-chain record is eternal. Every time we talk to Daniel about the MFI investor community, users, and nodes, it gives us an infinite power. Let our technical team continue exploring in the field of metaverse.
MetaFinance is a club that invests in DAO. All the explorations and attempts of the technical community in the blockchain field will eventually return to the DAO community with more brilliant results. MetaFinance will lead the wave of the blockchain industry and shine the whole metaverse world in exploration way.
Contact:
Boo Stark
boo@metafinance.com
