BEAT123: Claiming and then staking unvested MVX and/or esMVX

Both MVX holders who choose to stake on the platform and MVLP holders (i.e. liquidity providers) receive rewards. These rewards can be in the form of tokens — Escrowed MVX (esMVX) and MATIC — and Multiplier Points (MP). The full reward structure is available at the end of this chapter, but here is brief summary:

Staked MVX earns MATIC, esMVX and MPs.

Staked esMVX earns MATIC, esMVX and MPs.

MPs: earns MATIC when staked

MVLP held in wallet earns MATIC and esMVX.

Compound or Claim rewards

Users can claim rewards anytime by going to the “Earn” page and clicking on the “Claim” button in zone 1, the “Total Earning” box.

Claiming will transfer any pending esMVX and MATIC rewards to your wallet.

The platform also has a one-click way of compounding all rewards. This will be very helpful to users who want to maximise their earnings.

Clicking on the “Compound” button will send a batch transaction with only one confirmation needed. You will see a recap of all the transactions that will happen before confirming the transaction in your wallet:

Claiming and then staking unvested MVX and/or esMVX.
Staking MPs.
Claiming WMATIC rewards and converting them to MATIC.
Claiming WMATIC and compounding them into MVLP or MVX

Quick links and info

The earn page also has a “MVX” and a “MVLP” box. Each of these boxes shows the following information:

Token price.
User assets.
Rewards info (APR…).
Total and staked supply.
Each box also shows direct links to all actions available to the users regarding the tokens.

MVX box

Buy, stake, unstake MVX.

Stake, unstake, vest (available soon) esMVX

Transfer account to another wallet (see dedicated section

MVLP box:

Add, withdraw liquidity.

MATIC rewards from platform fees

This is the simplest form of reward and the easiest to understand: MVX stakers will get 30% of the fees collected from across the platform in the form of MATIC.

In case of blockchains other than Polygon network, the rewards are paid in the native token of the blockchain, e.g. NEAR in the case of Near Protocol.

Metavault.Trade generates revenues by charging traders small fees when they use the platform for the following:

Swaps — fees vary according to the levels of the swapped assets in the pool.
Opening and closing trades — fee of 0.1% of the position size.
Borrowing to leverage trade or short an asset — fee of 0.01% * (assets borrowed) / (total assets in pool), deducted at the start of every hour.

The other situations earning fees for the platform are when:

Traders with leveraged positions are being liquidated — fee of 10% of position.
The liquidity providers mint or redeem MVLP — this is called the “rebalancing fee”, it depends on the state of the pool.

The richness of the reward structure allows you to design many strategies depending on your time horizon. But for those who want the greatest share of the platform fees, staking all esMVX is probably the best option because it gives access to a compounding effect. Indeed, since staked esMVX acts basically as staked MVX as far as reward goes, this strategy will accumulate the most MATIC through MVX, esMVX and MP boost.