As I delve into the labyrinth of my crypto adventures, here unfolds another chapter of my journey through the world of DeFi.
Cast your mind back to the early days of March 2022, when the crypto-sphere witnessed the birth of a captivating entity known as METF on the Cronos chain. Let me be brutally honest here; I was entranced, akin to a teenage girl swept off her feet, plunging headlong into an infatuation with this project. Join me on this narrative, and I promise you won’t blame me for succumbing to its allure.
So, what exactly is METF?
Picture this: the Mad Meerkat ETF, a trailblazing decentralized ETF protocol, powered by the METF token. Coined by our ingenious team, the term “DTF” denotes the groundbreaking DEX Traded Fund, heralding a novel and inventive approach in the domain of decentralized exchange-traded funds.
The METF journey has been nothing short of transformative since its inception. It boldly discarded inflationary policies, set a hard cap on METF tokens, and bid farewell to bonding. Instead, it embraced a protocol profits distribution staking mechanism, fostering a perpetual buy pressure on METF and rewarding those in it for the long haul.
The overarching goal? To lessen dependence on inflationary mechanics, prioritizing the capital appreciation of the METF token. Profits from the METF Assets Under Management (AUM) and DEX trading fees contribute to a protocol profits distribution pool, propelling sustained growth in token value.
Earning from METF comes in three main flavors: bonding, staking, and the sweet nectar of price appreciation. METF aspires to fashion a policy-controlled Decentralized ETF system on the Cronos network, optimizing for growth and wealth creation.
Our document proudly showcases METF’s ambition to function as a global unit-of-account and medium-of-exchange currency, embodying a basket of goods and investments. Unique features include a rising price floor strategy, leveraging AUM to support METF prices and establish a safety net against downward risks for investors.
Let’s set the record straight: Mad Meerkat ETF (METF) is no Ohm fork, but it does share UI and bonding similarities. Backed by at least 1 MMF (Mad Meerkat Finance), METF stands tall, not pegged, with a buyback mechanism diligently maintaining a floor price. The initial backing of 1 METF:15 MMF comes with a premium sourced from pooled funds.
METF, the culmination of AUM, protocol-owned liquidity, bonding, and managed staking, puts a spotlight on Protocol Controlled Value (PCV), ensuring a rock-solid 1:1 backing, instilling unshakable confidence in investors.
Anticipate some turbulence in METF’s volatility initially, but as the protocol matures, expect a more refined price action and increased liquidity, emphasizing long-term rewards for the early adopters.
Now, justifying buying at a premium involves acknowledging the perks of staking benefits and the ingenious rising price floor strategy, strategically limiting the influx of new METF tokens over time.
Enter the realm of Annual Percentage Yield (APY), the real rate of return through compounding interest. METF’s relevance in the long term takes a back seat as compounding propels exponential growth. Intrinsic value adjusts over time with the increasing AUM, reflecting a growing price floor.
Staking is the art of locking your METF tokens on the MM ETF site, reaping rewards from bond sales. The spoils are influenced by the quantity of METF staked and the set reward rate. Staking is a passive, long-term strategy, with a burgeoning METF stake resulting in a falling cost basis, potentially outpacing market price drops over time.
Embark on this journey with me, as we navigate the captivating world of METF, where every twist and turn reveals a story of innovation, strategy, and the promise of long-term gains.
