Metagame Hub DeFi Ecosystem
Within markets, there are many financial options right now; since 2020 DeFi has become the top solution for many investors and keen public because of its use and yields. MGH DAO proposes another opportunity driven by its community and using its token as the main crypto asset.
dApp generalities
Users can get access to this DeFi ecosystem through https://app.metagamehub.io/ a web app designed to host financial utilities such as:
- Land valuation
- Swap
- Liquidity
- Stake
- NFT Pools (coming soon)
All the utilities, excluding “Land valuation”, are focused on the $MGH token, the governance token which users can use for a variety of transactions and of course leveraging DeFi. Swap and Liquidity options work through the Uniswap interface, therefore users can connect their wallet (MetaMask or Walletconnect) and do what they need to do, like swapping tokens or be Market makers providing liquidity for a token pair.
Actually, this dApp offers the opportunity to swap via Uniswap in order to give users the opportunity to acquire tokens.
Token price: https://coinmarketcap.com/currencies/metagamehub-dao/
MGH Staking rewards options
The DAO offers two modalities to take advantage of the $MGH token, using Ethereum blockchain or Polygon blockchain. However, there are certain differences that could change the user’s experience and consequently the final result of the investment process.
“Ethereum staking”
With this option investors can get access to four stake pools using the ERC-20 network. The interest is given through a Fixed-Annual Percentage Yield, this means: 1. It grants compound interest 2. Nominally it should not change. This option is cataloged as Bonded staking; hence your funds will be locked once you delegate the $MGH tokens to the smart contract, of course your tokens will be able to unstake once the locking period has finished.
Staking pools (the name of 4 different types of smart contracts used to lock the tokens and give rewards) are the following:
Hodler:
APY 45%
Locking period: 3 Months
Degen:
APY 75%
Locking period: 6 Months
Ape:
APY 100%
Locking period: 12 Months
Hong Long:
APY 175%
Locking period: 24 Months
On the grounds that people understand the risks and the locking period, MGH DAO provides a staking agreement, mentioning all the terms and conditions that users have to know before delegating tokens.
“Polygon staking”
The second option is to use Polygon L2 blockchain to offer the $MGH staking. This way is the most known scenario used to delegate tokens to a smart contract. The rewards work with unbonded staking. This means rewards will be given according to, or very close to, the percentage shown, it’s not a promise and participants can always unstake the tokens at any moment.
The incorporation of Polygon as a blockchain also opens up the opportunity to pay for very low cost gas fees. Another difference with the last staking option is the APR (Annual Percentage Rate) which does not give the users compound interest but rather a simple interest.
Sources:
Webapp: https://app.metagamehub.io/
Staking agreement: https://app.metagamehub.io/docs/staking_agreement.pdf
analyst opinion
I consider that Metagame Hub shows effort in order to facilitate interested people to utilize their DeFi ecosystem. Everyone who researches the project and gets informed will discover a well-planned dApp. It’s easy to use and has a friendly User Interface.
Talking about the token and the shown staking options, the only thing that could generate uncertainty is the percentages, which are really high. This may be an indicator of several facts in the project for example the risk, speculation and low adoption. Many emerging projects pass through this phase. We recommend always being informed and studying the project before placing your money.
Charlie Gaming is preparing a more extensive analysis of this project and a possible instructional video.
Marcus Jr.
dApp generalities
Users can get access to this DeFi ecosystem through https://app.metagamehub.io/ a web app designed to host financial utilities such as:
- Land valuation
- Swap
- Liquidity
- Stake
- NFT Pools (coming soon)
All the utilities, excluding “Land valuation”, are focused on the $MGH token, the governance token which users can use for a variety of transactions and of course leveraging DeFi. Swap and Liquidity options work through the Uniswap interface, therefore users can connect their wallet (MetaMask or Walletconnect) and do what they need to do, like swapping tokens or be Market makers providing liquidity for a token pair.
Actually, this dApp offers the opportunity to swap via Uniswap in order to give users the opportunity to acquire tokens.
Token price: https://coinmarketcap.com/currencies/metagamehub-dao/
MGH Staking rewards options
The DAO offers two modalities to take advantage of the $MGH token, using Ethereum blockchain or Polygon blockchain. However, there are certain differences that could change the user’s experience and consequently the final result of the investment process.
“Ethereum staking”
With this option investors can get access to four stake pools using the ERC-20 network. The interest is given through a Fixed-Annual Percentage Yield, this means: 1. It grants compound interest 2. Nominally it should not change. This option is cataloged as Bonded staking; hence your funds will be locked once you delegate the $MGH tokens to the smart contract, of course your tokens will be able to unstake once the locking period has finished.
Staking pools (the name of 4 different types of smart contracts used to lock the tokens and give rewards) are the following:
Hodler:
APY 45%
Locking period: 3 Months
Degen:
APY 75%
Locking period: 6 Months
Ape:
APY 100%
Locking period: 12 Months
Hong Long:
APY 175%
Locking period: 24 Months
On the grounds that people understand the risks and the locking period, MGH DAO provides a staking agreement, mentioning all the terms and conditions that users have to know before delegating tokens.
“Polygon staking”
The second option is to use Polygon L2 blockchain to offer the $MGH staking. This way is the most known scenario used to delegate tokens to a smart contract. The rewards work with unbonded staking. This means rewards will be given according to, or very close to, the percentage shown, it’s not a promise and participants can always unstake the tokens at any moment.
The incorporation of Polygon as a blockchain also opens up the opportunity to pay for very low cost gas fees. Another difference with the last staking option is the APR (Annual Percentage Rate) which does not give the users compound interest but rather a simple interest.
Sources:
Webapp: https://app.metagamehub.io/
Staking agreement: https://app.metagamehub.io/docs/staking_agreement.pdf
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