MEXC Research: Solana Cross-chain ETF Project, MatrixETF

MatrixETF

Source: MatrixETF

ETF

ETF Arbitrage

MatrixDAO

Functional Support

Buy and Mint

Multi-currency Mint

  1. The user enters the number of ETFs to be purchased, and the App automatically calculates the number of each component currency included;
  2. Start with the Mint function, deduct the corresponding amount of component currency from the user’s wallet to the smart contract;
  3. The smart contract transfers the user’s component currency into the fund pool kept by the contract;
  4. Trigger the mint contract function to transfer the corresponding number of ETFs to the user.

Single Currency Mint

  1. The user inputs the number of ETFs to be purchased. The App automatically calculates the corresponding required number of ETH;
  2. Starting with the Mint function, deduct the corresponding amount of ETH from the user’s wallet;
  3. Divide ETH according to the proportion of component currency of the fund, go to Uniswap, Sushiswap and other DEX to buy the corresponding amount of component currency and transfer it to the smart contract;
  4. The smart contract transfers the user’s component currency into the fund pool kept by the contract;
  5. Trigger the mint contract function to transfer the corresponding number of ETFs to the user.

Matrix DeFi Index Set (MDI) — DeFi Related Funds

The Proportion of MDI fund assets

Tokenomics

Practical Value Analysis

  • Participation in community governance;
  • Participate in liquidity mining, staked mining, etc;
  • Trading fee or other discounts and proof-of-stake;
  • Purchase ETF products
  • Partial cash out by fundraisers;
  • Team asset cash out;
  • In case of overall plate fluctuation, ETF may have greater risks.

--

--

--

Breaking news and analysis of the blockchain industry.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

CanWork February Competition — 15 ETH Prize

Best Crypto Games

Fancy Bears Metaverse Reviewed: Why is It the best NFT project?

WAXEX Fiat Gateways: Exchanging South African rand into Rand (ZAR) Token and Back

Electroneum — The World’s First Common Cryptocurrency

2022: The Year of The DAO

Total Value Locked on Vee.Finance surpasses $100 million

How to join The Animal Farm voting group

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BlockTopia

BlockTopia

Breaking news and analysis of the blockchain industry.

More from Medium

Earn Crypto by Doing S*** 😈

Demodyfi DEX Online!

Pitch Finance

New Listing: Etha Lend ($ETHA)