MM Finance
MMF
#5107
News about MM Finance
MM FinanceMMF #5107
13 Apr 2023, 09:03
π Things to take note on V3 launch in 1 hour's time:
1) Farms will be modified to emit only xMMF rewards only. xMMF Unlocker will be released within 3 days of V3 launch. When users unlock their xMMF tokens, 20% will be immediately released, and the remaining 80% will be vested over the chosen duration. it will be based on the ratio of x days / 21 * 100%.
2) Emissions will eventually stop for all V2 farms as we transit to 100% emissions on V3. Reason being V3 is way more capital efficient, allowing us to have a higher trading volume at lower TVL and emission rates.
3) For those in single MMF staking pool, there is no need to migrate. Migration is only required for LP holders who wants to enjoy a higher rate of rewards in our new V3 farms
Point 1* has been updated:
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Things to take note on V3 launch in 1 hour's time:. 1) Farms will be modified to emit only xMMF rewards only.π Things to take note on V3 launch in 1 hour's time:
1) Farms will be modified to emit only xMMF rewards only. xMMF Unlocker will be released within 3 days of V3 launch. When users unlock their xMMF tokens, 20% will be immediately released, and the remaining 80% will be vested over the chosen duration. it will be based on the ratio of x days / 21 * 100%.
2) Emissions will eventually stop for all V2 farms as we transit to 100% emissions on V3. Reason being V3 is way more capital efficient, allowing us to have a higher trading volume at lower TVL and emission rates.
3) For those in single MMF staking pool, there is no need to migrate. Migration is only required for LP holders who wants to enjoy a higher rate of rewards in our new V3 farms
Point 1* has been updated: https://mmfinance.gitbook.io/arbitrum/product-information/xmmf
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MM FinanceMMF #5107
10 Apr 2023, 13:57
Hi all, we see many of you asking about the differences between V2 and V3 dexes. Do read the following for a layman explanation. Technical details also included for those of you who are interested in the technicalities behind everything!
Hi all, we see many of you asking about the differences between V2 and V3 dexes.Hi all, we see many of you asking about the differences between V2 and V3 dexes. Do read the following for a layman explanation. Technical details also included for those of you who are interested in the technicalities behind everything!
https://twitter.com/0xowenthurm/status/1645048975001817088?s=46
MM FinanceMMF #5107
10 Apr 2023, 09:20
βοΈ Emissions have been reduced. Note that platform TVL will naturally drop as a result of reduction in emission. For more info of our strategy, refer here.
πTVL will increase back to normal once v3 is launched and when emissions are increased.
π₯ Buybacks via the fees accumulated on our MMF arbitrum dex will also be happening soon.
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Emissions have been reduced. Note that platform TVL will naturally drop as a result of reduction in emission.βοΈ Emissions have been reduced. Note that platform TVL will naturally drop as a result of reduction in emission. For more info of our strategy, refer here.
πTVL will increase back to normal once v3 is launched and when emissions are increased.
π₯ Buybacks via the fees accumulated on our MMF arbitrum dex will also be happening soon.
Like, Comment & RT here
MM FinanceMMF #5107
09 Apr 2023, 02:52
Major Announcement in preparation for MMF v3 dex!
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Major Announcement in preparation for MMF v3 dex. Like, Comment & RT here.Major Announcement in preparation for MMF v3 dex!
https://medium.com/@MMFinance/reduction-of-mmf-emission-in-preparation-for-v3-migration-da794754e282
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MM FinanceMMF #5107
05 Apr 2023, 14:03
π³ Governance veMMF page is up : https://arbimm.finance/governance
π° You can now use your veMMF to earn bribes. For a start, the team will be contributing xMMF tokens as bribes to kick off the first cycle. Earn up to 5000% APR (changes depending on vote amount).
TLDR: Lock MMF into xMMF and xMMF into veMMF to get voting rights
π When you vote for a farm you get to determine the farm multiplier based on its weightage in votes.
π΅ On top of that, you get to share the bribes with the voters. This helps increase your APR on staking yields.
π‘ For projects - you can now reach out to us to get a farm started on http://arbimm.finance!
Read more:
Next up for veMMF holders: Decide on the amount of MMF emissions to reduce. We will be crafting 1 governance proposal to decide on the future of MMF emissions on Arbitrum.
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Governance veMMF page is up :. You can now use your veMMF to earn bribes.π³ Governance veMMF page is up : https://arbimm.finance/governance
π° You can now use your veMMF to earn bribes. For a start, the team will be contributing xMMF tokens as bribes to kick off the first cycle. Earn up to 5000% APR (changes depending on vote amount).
TLDR: Lock MMF into xMMF and xMMF into veMMF to get voting rights
π When you vote for a farm you get to determine the farm multiplier based on its weightage in votes.
π΅ On top of that, you get to share the bribes with the voters. This helps increase your APR on staking yields.
π‘ For projects - you can now reach out to us to get a farm started on http://arbimm.finance!
Read more: https://mmfinance.gitbook.io/arbitrum/product-information/vemmf
Next up for veMMF holders: Decide on the amount of MMF emissions to reduce. We will be crafting 1 governance proposal to decide on the future of MMF emissions on Arbitrum.
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MM FinanceMMF #5107
04 Apr 2023, 14:09
In case you guys have not realised, a bunch of whales managed to get decent subscription in launchpad. Some of them are cashing out slowly. Creating the "dump" you guys see. Why not spend some time looking at arbiscan and you guys can easily see it. Don't keep fudding at every single red candle when things don't go your way. At every step of the way, we've communicated the different things we are working on. That's not underpreparedness. We simply need to wait for capitulators to capitulate. Simple as that.
As we have communicated constantly, these selling that you see DO NOT come from farmers, cos farmers can only sell a max of 4k USD worth daily..
Simply, it's just launchpad people who are still in profit, and are still slowly selling. Once price reaches 20 cents or less. They'll just puke the rest of their position, or choose to actually hold, and project can progress. Sometimes things are simply just so simple.
In case you guys have not realised, a bunch of whales managed to get decent subscription in launchpad.In case you guys have not realised, a bunch of whales managed to get decent subscription in launchpad. Some of them are cashing out slowly. Creating the "dump" you guys see. Why not spend some time looking at arbiscan and you guys can easily see it. Don't keep fudding at every single red candle when things don't go your way. At every step of the way, we've communicated the different things we are working on. That's not underpreparedness. We simply need to wait for capitulators to capitulate. Simple as that.
As we have communicated constantly, these selling that you see DO NOT come from farmers, cos farmers can only sell a max of 4k USD worth daily..
Simply, it's just launchpad people who are still in profit, and are still slowly selling. Once price reaches 20 cents or less. They'll just puke the rest of their position, or choose to actually hold, and project can progress. Sometimes things are simply just so simple.
MM FinanceMMF #5107
04 Apr 2023, 10:50
https://twitter.com/lbank_exchange/status/1643199470543200257?s=46&t=WpTcLe909XAkoLabdrvpYQ
MM FinanceMMF #5107
04 Apr 2023, 04:00
Yes feature built and done within 48 hours, we launch it when we are certain everything is all good
Yes feature built and done within 48 hours, we launch it when we are certain everything is all good.Yes feature built and done within 48 hours, we launch it when we are certain everything is all good
MM FinanceMMF #5107
03 Apr 2023, 22:47
https://twitter.com/tinnetwork_defi/status/1642930953914925063?s=20
MM FinanceMMF #5107
03 Apr 2023, 14:20
Coming soon:
1) Partnerships with portfolio trackers for exposure
2) veMMF tokens to kickstart governance, provide longer lockups, more earning potential
3) Getting our DEX listed on CMC
4) Getting DEX listed on price chart partners
5) Will introduce our partners soon!
Coming soon:. 1) Partnerships with portfolio trackers for exposure.Coming soon:
1) Partnerships with portfolio trackers for exposure
2) veMMF tokens to kickstart governance, provide longer lockups, more earning potential
3) Getting our DEX listed on CMC
4) Getting DEX listed on price chart partners
5) Will introduce our partners soon!
MM FinanceMMF #5107
03 Apr 2023, 13:20
π In a short span of 75 mins after our launch, over 250k MMF tokens have already been locked, representing 5% of launchpad supply (5mil tokens) that will not contribute to selling pressure.
This is a result of our newly created tokenomics that seeks to build a positive flywheel effect for price.
In the next phase of our launch, we will be releasing the veMMF token that seeks to provide longer term lockups. Users who opt to lock for longer terms will be able to earn bribes from our partners that are joining us shortly.
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In a short span of 75 mins after our launch, over 250k MMF tokens have already been locked, representing 5% of launchpad supplyπ In a short span of 75 mins after our launch, over 250k MMF tokens have already been locked, representing 5% of launchpad supply (5mil tokens) that will not contribute to selling pressure.
This is a result of our newly created tokenomics that seeks to build a positive flywheel effect for price.
In the next phase of our launch, we will be releasing the veMMF token that seeks to provide longer term lockups. Users who opt to lock for longer terms will be able to earn bribes from our partners that are joining us shortly.
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MM FinanceMMF #5107
01 Apr 2023, 07:24
π The merkle-proofs for whitelist sales has been generated! You will be able to see the amount that is allocated to you in this launchpad ONCE launchpad begin (if you have been selected and whitelisted). It wonβt be viewable now.
π₯ We received a total of 15.5mil USD of launchpad interest. Of which, we expect the total whitelist sales amount to be around ~$6 mil++ USD. This would represent a approximate 12x oversubscription.
π On the flip side, our last launchpad on Polygon was oversubscribed by over 100x. This will allow whitelist holders to gain a larger subscription in this launchpad as we are extrapolating to a max of 40x oversubscription for the public sales.
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The merkle-proofs for whitelist sales has been generated.π The merkle-proofs for whitelist sales has been generated! You will be able to see the amount that is allocated to you in this launchpad ONCE launchpad begin (if you have been selected and whitelisted). It wonβt be viewable now.
π₯ We received a total of 15.5mil USD of launchpad interest. Of which, we expect the total whitelist sales amount to be around ~$6 mil++ USD. This would represent a approximate 12x oversubscription.
π On the flip side, our last launchpad on Polygon was oversubscribed by over 100x. This will allow whitelist holders to gain a larger subscription in this launchpad as we are extrapolating to a max of 40x oversubscription for the public sales.
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MM FinanceMMF #5107
31 Mar 2023, 13:58
Hi Meerkats!!! β€οΈ
The founders of MM Finance @utanboss & @AlphaMMF will have AMA today with the community.
The chat will be muted during the AMA.
We truly appreciate your attendance today.
We are very pleased to welcome our new investors as well as those who have been with us since the start.
We love all of you!!β€οΈ
Hi Meerkats. The founders of MM Finance @utanboss & @AlphaMMF will have AMA today with the community.Hi Meerkats!!! β€οΈ
The founders of MM Finance @utanboss & @AlphaMMF will have AMA today with the community.
The chat will be muted during the AMA.
We truly appreciate your attendance today.
We are very pleased to welcome our new investors as well as those who have been with us since the start.
We love all of you!!β€οΈ
MM FinanceMMF #5107
31 Mar 2023, 09:23
Due to popular request, we will be extending whitelist application till 1st April 4am UTC.
Do note that the wallet address you fill up on the first option will be the wallet whitelisted.
Due to popular request, we will be extending whitelist application till 1st April 4am UTC.Due to popular request, we will be extending whitelist application till 1st April 4am UTC.
Do note that the wallet address you fill up on the first option will be the wallet whitelisted.
MM FinanceMMF #5107
31 Mar 2023, 07:44
π $200 to Giveaway to celebrate our #Arbitrum launch tomorrow π
β
To qualify:
1οΈβ£ Follow MMF & ArbitrumNewsDAO
2οΈβ£ RT this post & pinned post
3οΈβ£ Tag 3 friends in the comments section
π 2 winners - $100 USD each
β³ Winners will be picked in 24 hours!
$200 to Giveaway to celebrate our #Arbitrum launch tomorrow. To qualify:. Follow MMF & ArbitrumNewsDAO.π $200 to Giveaway to celebrate our #Arbitrum launch tomorrow π
β
To qualify:
1οΈβ£ Follow MMF & ArbitrumNewsDAO
2οΈβ£ RT this post & pinned post
3οΈβ£ Tag 3 friends in the comments section
π 2 winners - $100 USD each
β³ Winners will be picked in 24 hours!
MM FinanceMMF #5107
30 Mar 2023, 08:29
π’ As we prep for MMF arbitrum launch, our founder Utan will be doing a telegram AMA with the community on 31st March 2023, 2pm UTC.
To ensure that questions are not repeated, please send all your questions over to our CM prior at where all questions will be collated.
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As we prep for MMF arbitrum launch, our founder Utan will be doing a telegram AMA with the community on 31st March 2023, 2pm UTCπ’ As we prep for MMF arbitrum launch, our founder Utan will be doing a telegram AMA with the community on 31st March 2023, 2pm UTC.
To ensure that questions are not repeated, please send all your questions over to our CM prior at https://t.me/MMFHenry where all questions will be collated.
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MM FinanceMMF #5107
29 Mar 2023, 07:41
Like, Comment & RT here
Like, Comment & RT here.https://medium.com/@MMFinance/addressing-mmf-arbitrum-launch-68df3d0344fe
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MM FinanceMMF #5107
27 Mar 2023, 11:44
We are going to @arbitrum!
Bringing over the full suite of MM products such as Mad Meerkat NFTs and more, the possibilities will be endless on #arbitrum
Loyal users of our ecosystem are incentivsed by our aMMF airdrop, with a leaderboard to boot! Get a huge head-start in our Arbitrum ecosystem!
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We are going to @arbitrum.We are going to @arbitrum!
Bringing over the full suite of MM products such as Mad Meerkat NFTs and more, the possibilities will be endless on #arbitrum
Loyal users of our ecosystem are incentivsed by our aMMF airdrop, with a leaderboard to boot! Get a huge head-start in our Arbitrum ecosystem!
https://medium.com/@MMFinance/8f003de0d973
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MM FinanceMMF #5107
23 Mar 2023, 09:40
π Phase 1 of eMLP is now launched on cronos.madmex.io
π₯ You can now contribute USDC/MMF/SVN/HKN to form eMLP to stake and earn fees + MMF:
Key pointers:
1οΈβ£ Open position are limited (to protect our token prices) and ensure price stability
2οΈβ£ This is phase 1, more MM tokens will be added along the way. We want to first ensure that this model is sustainable and have a positive effect on token price before adding other ecosystem token.
3οΈβ£ Buyback wallet will start doing buybacks on MMF/SVN/HKN over the next 14 days and contributing it into the eMLP pool.
π‘ If any of the users encounter any issues/bugs, feel free to tag our admins so we can help resolve it immediately.
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Phase 1 of eMLP is now launched on cronos. madmex.π Phase 1 of eMLP is now launched on cronos.madmex.io
π₯ You can now contribute USDC/MMF/SVN/HKN to form eMLP to stake and earn fees + MMF: https://cronos.madmex.io/#/earn
Key pointers:
1οΈβ£ Open position are limited (to protect our token prices) and ensure price stability
2οΈβ£ This is phase 1, more MM tokens will be added along the way. We want to first ensure that this model is sustainable and have a positive effect on token price before adding other ecosystem token.
3οΈβ£ Buyback wallet will start doing buybacks on MMF/SVN/HKN over the next 14 days and contributing it into the eMLP pool.
π‘ If any of the users encounter any issues/bugs, feel free to tag our admins so we can help resolve it immediately.
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MM FinanceMMF #5107
20 Mar 2023, 07:48
π 30% of all the Cronos Madmex fees since last buyback has been sent into the MLP pool to increase the value of MLP.
π₯ 55% of the fees has been sent to the POL wallet for buybacks of our ecosystem token
POL wallet address: 0x6D772Ceb076716797894818713170e35B85fC5e8
(currently holds close to $200,000 USD for buybacks)
*More information will be released soon on this. The fees will be used to buyback the tokens in the basket of eMLP to help provide initial liquidity for trading and also to improve the price action of our MMF ecosystem tokens)
π 10% of the 55% (5.5%) of the fees have been used to buyback MUSD to help it achieve peg.
Buyback of MUSD:
π₯ After our rigorous testing on the viability of eMLP, eMLP will be finally launched this week π₯
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30% of all the Cronos Madmex fees since last buyback has been sent into the MLP pool to increase the value of MLP.π 30% of all the Cronos Madmex fees since last buyback has been sent into the MLP pool to increase the value of MLP.
π₯ 55% of the fees has been sent to the POL wallet for buybacks of our ecosystem token
POL wallet address: 0x6D772Ceb076716797894818713170e35B85fC5e8
(currently holds close to $200,000 USD for buybacks)
*More information will be released soon on this. The fees will be used to buyback the tokens in the basket of eMLP to help provide initial liquidity for trading and also to improve the price action of our MMF ecosystem tokens)
π 10% of the 55% (5.5%) of the fees have been used to buyback MUSD to help it achieve peg.
Buyback of MUSD:
https://cronoscan.com/tx/0x3dd319e231abd363538d604836367dedae540f22cf42f46a35f172b99f0c7222
π₯ After our rigorous testing on the viability of eMLP, eMLP will be finally launched this week π₯
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MM FinanceMMF #5107
20 Mar 2023, 06:32
Hello everyone I just got an update from the devs I will share it right now β οΈ
Hello everyone I just got an update from the devs I will share it right now.Hello everyone I just got an update from the devs I will share it right now β οΈ
MM FinanceMMF #5107
11 Mar 2023, 06:59
π¨ As part of a precautionary measure due to recent SVB potential bank run, the recommended stable to hold currently are USDT and TUSD.
Update:
USDC is safe now after the announcement of depositors getting back in full USD.
- MMF team
As part of a precautionary measure due to recent SVB potential bank run, the recommended stable to hold currently are USDT and Tπ¨ As part of a precautionary measure due to recent SVB potential bank run, the recommended stable to hold currently are USDT and TUSD.
Update: https://twitter.com/jerallaire/status/1635059024050937856?s=46&t=WpTcLe909XAkoLabdrvpYQ
USDC is safe now after the announcement of depositors getting back in full USD.
- MMF team
MM FinanceMMF #5107
10 Mar 2023, 14:43
We will keep the community updated once we are ready and confident to launch. We are getting 1 of our audit partners to help take a look through the contract since theres more variables introduced.
We will keep the community updated once we are ready and confident to launch.We will keep the community updated once we are ready and confident to launch. We are getting 1 of our audit partners to help take a look through the contract since theres more variables introduced.
MM FinanceMMF #5107
03 Mar 2023, 12:16
β¬οΈ Margin Trading Fees will be increased from 0.10% to 0.15% on Madmex Cronos.
π§ This prevents scalping and also increases total fees that will be generated for MLP holders and also for POL.
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Margin Trading Fees will be increased from 0. 10% to 0. 15% on Madmex Cronos.β¬οΈ Margin Trading Fees will be increased from 0.10% to 0.15% on Madmex Cronos.
π§ This prevents scalping and also increases total fees that will be generated for MLP holders and also for POL.
Like, Comment & RT here
MM FinanceMMF #5107
02 Mar 2023, 06:15
π 30% of all the Madmex fees since the last fee distribution has been sent into the MLP pool to increase the value of MLP.
π₯ 55% of the fees has been sent to the POL wallet for MMF buyback to support the price of MMF.
π $DSF has been bought back to above peg.
π 10% of the fees has been cross-chained from Polygon onto Cronos for buyback of MUSD until it has achieved peg.
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30% of all the Madmex fees since the last fee distribution has been sent into the MLP pool to increase the value of MLP.π 30% of all the Madmex fees since the last fee distribution has been sent into the MLP pool to increase the value of MLP.
π₯ 55% of the fees has been sent to the POL wallet for MMF buyback to support the price of MMF.
π $DSF has been bought back to above peg.
π 10% of the fees has been cross-chained from Polygon onto Cronos for buyback of MUSD until it has achieved peg.
Like, Comment & RT here
MM FinanceMMF #5107
02 Mar 2023, 05:09
πΈ Fee rebate system removal.
π We have reached a sustainable trading volume on Madmex Polygon & will be removing this incentives.
π Moving forward, we expect more fees to be generated that will be allocated towards the MLP pool as well as the POL wallet for buyback of MMF/DSF.
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Fee rebate system removal. We have reached a sustainable trading volume on Madmex Polygon & will be removing this incentives.πΈ Fee rebate system removal.
π We have reached a sustainable trading volume on Madmex Polygon & will be removing this incentives.
π Moving forward, we expect more fees to be generated that will be allocated towards the MLP pool as well as the POL wallet for buyback of MMF/DSF.
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MM FinanceMMF #5107
28 Feb 2023, 14:01
let me hop into the groupchat one day this week. Sorry, been swamped with family issues (dad's health is critical now, can pass on anytime) at the moment.
But the rest of the dev team are still working on eMLP. So the progress hasn't stopped. However, we are still doing testing to ensure that eMLP will only help bring up price of our ecosystem token (more benefits to long than short). Testings are quite crucial since our liquidity situation is low on certain ecosystem tokens and without ample testing, might be risky for our token price in general.
let me hop into the groupchat one day this week.let me hop into the groupchat one day this week. Sorry, been swamped with family issues (dad's health is critical now, can pass on anytime) at the moment.
But the rest of the dev team are still working on eMLP. So the progress hasn't stopped. However, we are still doing testing to ensure that eMLP will only help bring up price of our ecosystem token (more benefits to long than short). Testings are quite crucial since our liquidity situation is low on certain ecosystem tokens and without ample testing, might be risky for our token price in general.
MM FinanceMMF #5107
22 Feb 2023, 12:42
π Sneak Peek of whatβs coming up!
βοΈ Leverage up to 30x to long your favourite token in our ecosystem!
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Sneak Peek of what's coming up. Leverage up to 30x to long your favourite token in our ecosystem. Like, Comment & RT here.π Sneak Peek of whatβs coming up!
βοΈ Leverage up to 30x to long your favourite token in our ecosystem!
Like, Comment & RT here
MM FinanceMMF #5107
17 Feb 2023, 13:43
Currently our team is doing testing on eMLP. Just providing some update because i know many people are eager.
Some of the things we are doing is
1) our team will be using the buyback fees (approx $80k) to buyback MMF and ecosystem tokens to inject liquidity. If its insufficient, we will inject our team's share of tokens and just have it locked up perpetually
2) testing is going on at the moment, we want to ensure no exploit is possible at all.
3) some of the key things we are working on, tax / limit shorting of our tokens. This prevents the launch of madmex to have any negative impact on our native token price. We want it to mainly allow leveraging longs on our tokens
4) on top of that, because eMLP can be staked to earn MMF. Token like MSHARE, SVN, HKN, MTT can thus, all be staked there to earn MMF
Once again, we thank everyone for your patience. Its crucial that eMLP is launched securely because it can be super beneficial to the price and the growth of our ecosystem tokens.
Currently our team is doing testing on eMLP. Just providing some update because i know many people are eager.Currently our team is doing testing on eMLP. Just providing some update because i know many people are eager.
Some of the things we are doing is
1) our team will be using the buyback fees (approx $80k) to buyback MMF and ecosystem tokens to inject liquidity. If its insufficient, we will inject our team's share of tokens and just have it locked up perpetually
2) testing is going on at the moment, we want to ensure no exploit is possible at all.
3) some of the key things we are working on, tax / limit shorting of our tokens. This prevents the launch of madmex to have any negative impact on our native token price. We want it to mainly allow leveraging longs on our tokens
4) on top of that, because eMLP can be staked to earn MMF. Token like MSHARE, SVN, HKN, MTT can thus, all be staked there to earn MMF
Once again, we thank everyone for your patience. Its crucial that eMLP is launched securely because it can be super beneficial to the price and the growth of our ecosystem tokens.
MM FinanceMMF #5107
15 Feb 2023, 10:42
π₯ Trading fees from MMF Cronos dex has been used to buyback $METF from the open market.
π° These $METF will be added into the staking pool overtime to ensure a APY that is sustainable (not hyper inflationary)
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Trading fees from MMF Cronos dex has been used to buyback $METF from the open market.π₯ Trading fees from MMF Cronos dex has been used to buyback $METF from the open market.
π° These $METF will be added into the staking pool overtime to ensure a APY that is sustainable (not hyper inflationary)
Like, Comment & RT here
MM FinanceMMF #5107
14 Feb 2023, 14:09
https://twitter.com/MetavaultTRADE/status/1625488297517780993?s=20&t=bnmJizRBKSRdxbxP5iN2kA
MM FinanceMMF #5107
13 Feb 2023, 07:23
Hi all, just clarifying on some questions that the community is asking.
MSHARE emission has ended meaning the farm/pools on https://svn.finance/desert has ended as well.
SVN-MMF LP staking and MSHARE-SVN LP staking will no longer emit MSHARE
And also, the vaults for SVN-MMF and MSHARE-SVN LP on MMO will be deprecated soon. The SVN received on the platforms comes from MSHARE swapped into SVN. With 0 MSHARE emission, the vaults will also be deprecated shortly.
Hi all, just clarifying on some questions that the community is asking.Hi all, just clarifying on some questions that the community is asking.
MSHARE emission has ended meaning the farm/pools on https://svn.finance/desert has ended as well.
SVN-MMF LP staking and MSHARE-SVN LP staking will no longer emit MSHARE
And also, the vaults for SVN-MMF and MSHARE-SVN LP on MMO will be deprecated soon. The SVN received on the platforms comes from MSHARE swapped into SVN. With 0 MSHARE emission, the vaults will also be deprecated shortly.
MM FinanceMMF #5107
12 Feb 2023, 13:26
π Hi all, as you have noticed, we have just hit the 1st year anniversary of the launch of our Savanna project.
π Emissions for MSHARE will now be stopped permanently. This means that no more MSHARE will ever be minted.
π° It has been in the pipelines since months ago to utilise Cronos MadMex, and subsequently the launch of eMLP to ensure the continuation and success of Savanna Finance.
π As our team finalises the implementation of eMLP for MadMex, we will share more on how SVN and MSHARE holders can benefit from this.
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Hi all, as you have noticed, we have just hit the 1st year anniversary of the launch of our Savanna project.π Hi all, as you have noticed, we have just hit the 1st year anniversary of the launch of our Savanna project.
π Emissions for MSHARE will now be stopped permanently. This means that no more MSHARE will ever be minted.
π° It has been in the pipelines since months ago to utilise Cronos MadMex, and subsequently the launch of eMLP to ensure the continuation and success of Savanna Finance.
π As our team finalises the implementation of eMLP for MadMex, we will share more on how SVN and MSHARE holders can benefit from this.
Like, Comment & RT here
MM FinanceMMF #5107
09 Feb 2023, 12:59
Many have asked regarding the fees on Madmex Cronos
Our team has plans to do the buybacks soon, once eMLP is launched.
Why? our team will be using the funds to buyback most of the assets in the basket of eMLP, meaning like, MMF, SVN so on and so forth.
This will help provide initial liquidity for eMLP so more users can trade these assets. This will solve the initial of potentially low liquidity.
Hope this provide clarity on some of the questions that you guys might have!
Many have asked regarding the fees on Madmex Cronos. Our team has plans to do the buybacks soon, once eMLP is launched.Many have asked regarding the fees on Madmex Cronos
Our team has plans to do the buybacks soon, once eMLP is launched.
Why? our team will be using the funds to buyback most of the assets in the basket of eMLP, meaning like, MMF, SVN so on and so forth.
This will help provide initial liquidity for eMLP so more users can trade these assets. This will solve the initial of potentially low liquidity.
Hope this provide clarity on some of the questions that you guys might have!
MM FinanceMMF #5107
08 Feb 2023, 06:39
https://twitter.com/gamescroissant/status/1623209543412088832?s=46&t=YMl6rUEul_md6BSGsAk5pw
MM FinanceMMF #5107
07 Feb 2023, 03:23
Our team will update soon. We have a plan that will help push up prices of all our native tokens (π) as well as in prep for eMLP launch.
Stay updated by following our twitter/ann chnl.
Will be releasing more information on it soon.
#LFGM burrow fam!
Our team will update soon.Our team will update soon. We have a plan that will help push up prices of all our native tokens (π) as well as in prep for eMLP launch.
Stay updated by following our twitter/ann chnl.
Will be releasing more information on it soon.
#LFGM burrow fam!
MM FinanceMMF #5107
03 Feb 2023, 03:49
π₯ Hi Burrow, we thank you for your continued support of Madmex on Cronos, and will be making a key adjustment to the platform. Due to the huge trading volume for CRO on our platform, some traders were unable to close their position (due to slightly less than ideal CRO liquidity). This also goes to show the huge demand for CRO margin trading on Cronos!
β¨ To reduce the inconvenience to CRO leveraged traders, while at the same time boosting rewards for MLP holders, we are increasing margin trading fees for all CRO based trade to 0.25% instead of 0.1%.
π This will reduce scalp based trading, and more for swing position holders, which will heavily benefit both traders of Madmex, and MLP holders. At the same time, we will also increase the max position size that you can trade against CRO even after this change. This means that users will more easily be able to open/close their positions. MLP holders are also protected due to higher trading fees that will result in higher APR.
Like, Comment & RT here
Hi Burrow, we thank you for your continued support of Madmex on Cronos, and will be making a key adjustment to the platform.π₯ Hi Burrow, we thank you for your continued support of Madmex on Cronos, and will be making a key adjustment to the platform. Due to the huge trading volume for CRO on our platform, some traders were unable to close their position (due to slightly less than ideal CRO liquidity). This also goes to show the huge demand for CRO margin trading on Cronos!
β¨ To reduce the inconvenience to CRO leveraged traders, while at the same time boosting rewards for MLP holders, we are increasing margin trading fees for all CRO based trade to 0.25% instead of 0.1%.
π This will reduce scalp based trading, and more for swing position holders, which will heavily benefit both traders of Madmex, and MLP holders. At the same time, we will also increase the max position size that you can trade against CRO even after this change. This means that users will more easily be able to open/close their positions. MLP holders are also protected due to higher trading fees that will result in higher APR.
Like, Comment & RT here
MM FinanceMMF #5107
02 Feb 2023, 10:15
Polygon network might be slightly congested right now. If you have issues harvesting or enabling tx on Polygon network, you can increase GAS PRICE by 30-50% and it will go through, NOT gas limit.
Polygon network might be slightly congested right now.Polygon network might be slightly congested right now. If you have issues harvesting or enabling tx on Polygon network, you can increase GAS PRICE by 30-50% and it will go through, NOT gas limit.
MM FinanceMMF #5107
28 Jan 2023, 03:20
β³ In just 1 week, we have achieved these stats!
π§ You can provide liquidity via MLP to earn up to 500% APR now on your major coins like BTC, ETH, CRO & even USDC in 2 simple steps!
(1) Buy MLP:
(2) Stake MLP:
Like, Comment & RT here
In just 1 week, we have achieved these stats.β³ In just 1 week, we have achieved these stats!
π§ You can provide liquidity via MLP to earn up to 500% APR now on your major coins like BTC, ETH, CRO & even USDC in 2 simple steps!
(1) Buy MLP: https://cronos.madmex.io/#/buy_mlp
(2) Stake MLP: https://cronos.madmex.io/#/earn
Like, Comment & RT here
MM FinanceMMF #5107
27 Jan 2023, 07:58
To help MUSD regain peg faster, we have a partnership coming up that will help MUSD increase utility! π
To help MUSD regain peg faster, we have a partnership coming up that will help MUSD increase utility.To help MUSD regain peg faster, we have a partnership coming up that will help MUSD increase utility! π
MM FinanceMMF #5107
22 Jan 2023, 04:14
Limit orders with Madmex Cronos have been fixed, your limit orders that ought to be executed will be executed. It will show as open order once price is hit.
We are fixing the UI issue to display limit orders properly. We appreciate your patience and thank you for your understanding.
Limit orders with Madmex Cronos have been fixed, your limit orders that ought to be executed will be executed.Limit orders with Madmex Cronos have been fixed, your limit orders that ought to be executed will be executed. It will show as open order once price is hit.
We are fixing the UI issue to display limit orders properly. We appreciate your patience and thank you for your understanding.
MM FinanceMMF #5107
20 Jan 2023, 17:14
Closing of orders on MadMeX is now fixed! (Adjusted gas requirement)
Jump right in!
Closing of orders on MadMeX is now fixed. (Adjusted gas requirement). Jump right in.Closing of orders on MadMeX is now fixed! (Adjusted gas requirement)
Jump right in! https://cronos.madmex.io/#/trade
MM FinanceMMF #5107
19 Jan 2023, 13:55
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