Through our Method NFT SmartVaults™, Liquidity Providers can stake liquidity to their NFT, which then proves they are providing liquidity and should earn rewards, without needing to stake directly into a protocol’s smart contract. This makes it a win-win for legitimate providers and protocols, while increasing confidence in the DeFi ecosystem. What is Method Finance (MTHD) | What is Method Fi token | What is MTHD token
In this article, we'll discuss information about the Method Finance project and MTHD token
When you boil yield farming down to its core it really comes down to a very simple need: How can I ensure that I am getting the best return on my assets?
More often than not this usually relies on discovering protocols that are paying out high APY for providing liquidity, and if possible, further increasing these returns through additional incentive payouts via Liquidity Provider (LP) tokens (hence the term liquidity mining).
Problem 1: Liquidity Providers (LP) finding the protocols with high APY
While the concept seems simple on the surface, the liquidity mining process is actually more difficult than it sounds. For starters, the discovery of liquidity mining opportunities is opaque at best, with Liquidity Seekers (LS) often struggling to match with anyone outside a small group of Liquidity Providers (LP) who are in the know and actively scouring online channels for opportunities.
Problem 2: Liquidity Providers (LP) having confidence in the protocols once found
Once a project delivering high APY is found, there is the issue of security. It’s an open secret that there is a price to pay when dabbling in liquidity mining, and that price is normally a risk. We often hear the phrase, “don’t risk more than you are willing to lose” for this reason. Any experienced yield farmer has at least one scar from losing deposited funds either by way of a rug pull by the creators, or a vulnerability in the protocol’s smart contact. However, we believe that it doesn’t have to be this way.
Problem 3: Liquidity Seekers (LS) ensuring that rewards are going to trustworthy actors
Lastly, there comes the issue of LS trust in the LP, as in how can the protocol offering rewards actually trust that the actor providing liquidity has been properly vetted and has the right motivations. Existing solutions like whitelisting, have been leveraged by protocols like Float to ensure that the ones receiving rewards tokens are active in the DeFi ecosystem and have good intentions. However, any heuristic of this nature is not dynamic and will likely be skirted by bad actors over time.
So the solution to liquidity mining is…CryptoKitties?
Not CryptoKitties per se, but the technology behind them. If you’ve been paying attention, you’ve probably picked up on the fact that Non-Fungible Tokens (NFTs) have been gaining massive adoption in recent weeks.
They are applicable to far more use cases than just art and music, especially within the DeFi ecosystem. In the case of Method Finance, we saw an opportunity to leverage NFTs to solve the current problems that will enable even more adoption within the space and fundamentally shift the way we prove our loyalty to protocols through liquidity mining.
We are announcing the launch of our *Method NFT *by leveraging ERC-721 contracts (the same standard used by the popular CryptoKitties).
Through our Method NFT, Liquidity Providers can stake liquidity to their NFT, which then proves they are providing liquidity and should earn rewards, without needing to stake directly into a protocol’s smart contract. This makes it a win-win for legitimate providers and protocols, while increasing confidence in the DeFi ecosystem.
Furthermore, our tools provide other benefits such as the ability to:
Our Method token (MTHD) will provide benefits to community members and those who hold the Method NFT SmartVault™, while bootstrapping the project and setting it up for long term success.
The LBP will be a fair and equitable launch. There is no private sale, pre-mine, or anything of the like. We want to make sure the community has the same right to involvement as everyone else. And we’ll lock up the liquidity, so rest assured that the funds are safe.
The purpose of the liquidity bootstrapping event:
Create a way to distribute Method tokens to the community
Give back to the community through the Method NFT reward tiers
Create decentralized governance and allow the community to decide on important steps forward
Set up Method for long term success to achieve our ambitious roadmap (high level roadmap to be released)
Get your Method NFT while they last
You may be wondering, “what’s with the Method NFT tiers?” Well, we’ve decided to create an innovative new rewards program based on the built in tokenomics.
We’re excited to announce that some rewards to the community will be based on the NFT tiers that have been released. As a reminder the tiers are below:
While the Black Method NFT can still be used for staking purposes, to earn rewards from Method liquidity mining, as well as earn rewards from other protocol’s programs, they will not have any additional Method token related benefits.
We have the following Method NFT tiers:
We want to provide more information on the fixed inflation for the token and how that’s going to reward the community of Method NFT holders. Let’s start with the level of inflation. We will be setting a continuous inflation rate of a fixed 5% per year. This comes out to ~100,000 tokens per week. While 50% of these tokens will be distributed to the community of Method NFT holders, the other 50% will be distributed to the treasury for the long term success of the protocol.
Next let’s analyze how those additional tokens will be distributed to the tiers. We will distribute an even amount per tier, which equates to a larger marginal amount per Method NFT in the higher tiers. Let’s take a look at what that equates to in tangible amounts:
*Note: We will base the distribution of tokens to each tier based on the total amount of NFTs minted in each tier.
While we are extremely excited about the rewards system we have laid out above for our early adopters, we want to make sure that we are creating a system that also enables the long term success of Method Finance and our community as a whole.
With this idea in mind, we have created some simple rules for redeeming rewards. If a NFT holder would like to redeem their rewards, they must be staking at least an equal amount of MTHD to their NFT SmartVault™. We believe this rule helps maintain a fair and successful system for all our members to ensure the long term value and success of the MTHD token.
Additionally, there will be a liquidity mining program for those who would like to provide a MTHD / ETH pair to Uniswap and stake their LP tokens to their Method NFT. We think this is a great way to showcase the technology, while continuing to reward community members. Similarly with the airdrop, there will also be multipliers for those who stake against one of the Method NFTs in the reward tier.
There will be no extra staking beyond the initial amount in order to claim the rewards from the liquidity mining program.
As the community grows, it is up to our community to define through decentralized governance, the benefits of the different Method NFT reward tiers and how we will progress beyond the ones listed in this article. While we will lay out our proposed roadmap in the coming days for additional uses of the token, we are excited for the community to continue proposing new, innovative ways for the MTHD token’s use that will propel the DeFi ecosystem forward.
Would you like to earn TOKEN right now! ☞ CLICK HERE
MTHD is now live on the Ethereum mainnet. The token address for MTHD is 0x84ba4aecfde39d69686a841bab434c32d179a169. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don't have a Metamask wallet, read this article and follow the steps
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy MTHD token
The top exchange for trading in MTHD token is currently Uniswap (V2), Balancer and 1inch Exchange
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MTHD gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com ☞ https://www.bittrex.com ☞ https://www.poloniex.com ☞ https://www.bitfinex.com ☞ https://www.huobi.com ☞ https://www.mxc.ai ☞ https://www.probit.com ☞ https://www.gate.io ☞ https://www.coinbase.com
Find more information MTHD
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
If you are a beginner, learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
Don’t hesitate to let me know if you intend to give a little extra bonus to this article. I highly appreciate your actions!
BTC : 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c USDT : 0xfee027e0acfa386809eca0276dab286900d75ad7 DOGE : DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ
Thank for visiting and reading this article! Please don't forget to leave a like, comment and share!
Buy and Sell Bitcoins locally and without any centralized exchange, either for hard cash or other Altcoins with Local Bitcoins. With well-rounded features such as multiple coin support, wallet creation, escrow support to provide amiable service for both buyer and seller. Create your own Bitcoin Advertisement to sell your coins faster than ever.
The amount that Bitcoin has grown in recent years is staggering. In around a decade or so, it has gone from a relatively unknown asset to an incredibly popular and valuable cryptocurrency that has made front-page headlines across the world. It has shown a lot of promise and potential in both finance and tech.
Full documentary on crypto currencies and digital cash (BITCOIN, etc.): The Bitcoin Gospel - Is bitcoin the blueprint for a bankless currency, or the biggest pyramid scheme ever?
Crypto Currency Documentary: The Rise and Rise of Bitcoin - A computer programmer becomes fascinated with the digital currency Bitcoin, and through his involvement in the Bitcoin community, we learn about the impending global impact of this amazing new technology.
Crypto Documentary: Banking on Bitcoin - Bitcoin is the most disruptive invention since the Internet, and now an ideological battle is underway between fringe utopists and mainstream capitalism. The film shows the players who are defining how this technology will shape our lives.