What is Mad Meerkat Finance (MMF)?

Mad Meerkat Finance is the most popular AMM & DEX on Cronos & Polygon with the highest trading volume.

The Cronos DeFi ecosystem is showing bullish signs amid bearish market conditions, with multiple dapps launching despite the surge. As VVS Finance has risen in recent months, a new player is currently dominating the DeFi stage. Mad Meerkat Finance serves as a crossroads for all market participants in Cronos, from traders to projects.

background

The main goal of the team is to develop a secure, bug-free platform for everyone. Six people make up the Asia-based development team for Mad Meerkat Finance. The team consists of an artist, two Solidity developers and three business development and operations staff.

As the team continues to develop the platform, other auditing firms will be brought on board to review the project’s codes. To ensure that the platform is protected from all attack vectors, they want to enlist the support of three different auditing firms.

What is Mad Meerkat Finance (MMF)?

Mad Meerkat Finance is the most popular AMM & DEX on Cronos & Polygon with the highest trading volume. It charges the lowest trading commissions – just 0.17%. It is also the first time Protocol Owned Liquidity (POL) has been added to the DEX.

Potential clients will discover promising projects early on on Mad Meerkat Finance and follow them as they evolve into massive predators through trading, farming, etc. The best support for any project including grants/launchpad fundraising, arbitrage support, marketing support and a network that spans all chains can be found at MM Finance. Projects can contact the team to set up farms or pools, or to be whitelisted for swap.

The blockchains used by Mad Meerkat Finance, Cronos & Polygon have much lower transaction fees than Ethereum or Bitcoin. Unlike centralized exchanges, Mad Meerkat Finance does not hold client funds when they trade; Instead, a client owns 100% of their tokens and can trade directly from their wallet without anyone holding their funds.

token swaps

Users can trade with Mad Meerkat Finance without going through a centralized exchange. There is no need to trust anyone else with the coins as everything a client does with Mad Meerkat Finance is routed through their wallet.

At Mad Meerkat Finance, token swaps are a quick and easy way to exchange one token for another using automated liquidity pools. Every time a trade is made, a trader receives $MMF rewards. A trading fee of 0.17% is charged for each token swap made on the exchange, which is calculated as follows:

0.10% – returned as a fee reward to liquidity pools for liquidity providers.

0.05% – To create protocol native liquidity, buy back $MMF (POL).

0.02% – MM Finance Treasury

Liquidity Pools

The Mad Meerkat Finance exchange can only function if there is sufficient liquidity to support trading; for example, it wouldn’t matter how much a client wants to trade for a $MMF if nobody wants to sell anything.

An MMF holder receives LP tokens for providing liquidity, which rewards them with trading fees in exchange for ensuring there is always liquidity available for the exchange. Clients can contribute liquidity by adding their tokens to liquidity pools.

For example, a trader would receive MMF-USDC-LP tokens by depositing MMF and USDC into a liquidity pool. A trader’s share of the MMF-USDC liquidity pool is represented by the number of LP tokens they receive.

Furthermore, a holder can return their funds at any time by removing their liquidity. Offering liquidity carries some risk as a holder could experience a temporary loss.

The good news for liquidity providers is that they also receive compensation in the form of trading commissions. To illustrate, whenever a trader uses Mad Meerkat Finance, they pay a 0.17% fee, of which 0.1% goes into the liquidity pool of the swap pair used. Being a liquidity provider is made even more rewarding by the fact that LP token holders can use them to generate new income on the yield farms while still receiving a 0.1% trading fee.

Protocol native liquidity

Mad Meerkat Finance is the first AMM/DEX to integrate POL into the protocol’s system. They will be able to guarantee that the rising trading volume of the platform will help create deflationary pressures on MMF, which will lead to a price increase over time, by taking a significant portion of the MMF buyback protocol fees and use the creation of LPs.

Furthermore, by setting up LPs, the team guarantees that there is always liquidity for MMF tokens. There will be enough liquidity to support sell-offs even during a bear market.

yield farms

Holders can stake Liquidity Pool (LP) tokens through Yield Farms to earn MMF on Mad Meerkat Finance. Each farm has a unique APR that varies depending on the price of $MMF, reward multiplier and value of LP tokens.

NFT & Marketplace

Mad Meerkat NFT owners will see an increase in farming rewards. The MMF Marketplace, where users can buy, sell and auction their NFTs for $MMF tokens, will also list Mad Meerkat NFTs.

Genesis Mad Meerkat was inspired by the cheeky personality of the charming villain who loves nothing more than to relax in the sun. By immortalizing 777 of these daring and unflinching creatures on the Ethereum blockchain, team members hope to usher in a symphony of emotions associated with indulgence and recreation, representing the carefree mindset of NFT collectors.

Each Genesis Mad Meerkat endorses the holder as a participant in the fully owned Burrow, granting them full ownership of their NFT. The Genesis Mad Meerkat is hosted on IPFS and held as an ERC-721 token on the Ethereum blockchain.

The Burrow

Mad Meerkat owners are welcome in the community and are valued for their contributions to ecosystem history. It is unique, and members have the opportunity to vote together as a community for any future variances the project will adopt.

art

There are 777 different Genesis meerkats, each with countless configuration options. The team’s drawing virtuosos meticulously hand-drawn and digitally created each element and asset.

With over a million possible combinations from over 150 different traits, including expression, headgear, clothing and more, each meerkat is individually created through programming.

tokenomics

$MMF (Cronos)

The primary utility token powering the MM Finance ecosystem is $MMF. To explore its use cases, a holder can earn $MMF from yield farms and pools, buy it on the exchange, and then:

– Use it in pools or farms to earn rewards

– Get access to Launchpad via MMF

total supply

The log has a total of 500,000,000 $MMF. Depending on how the platform’s trade mining and yield farm is used, the profit split may change. In other words, as trading volume increases in the future, the protocol can switch some of the trade mining to yield farming and vice versa.

Based on emission per block, farm and pool emissions are released over time. Once the team decides that there is enough liquidity on the platform to trade, they will gradually reduce emissions.

Conclusion

As more incentives and features become available, trading logs becomes more enjoyable and easier. Mad Meerkat Finance team is ready to take any action necessary to earn the trust and hard-earned money of its clients. Additionally, they continue to strive for longevity as the cryptocurrency market occasionally becomes even more cutthroat.

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