MetaFinance R & D Progress & update (2021–4–15)

3 min readApr 15, 2021

I. Technical Progress

Due to the high throughput and low handling fee, we have extended MetaFinance to several Ethernet side chains, and recently completed the migration between Heco and OK public chain. Heco chain produces 100 pieces per day, and enjoys different coefficients according to the time of pledge. The real-time pledge has reached 14,000 pieces, with the highest yield of 300% , forming a multi-chain mining pattern with ETH chain. As the OK chain main network has not yet online, in the OK chain online the first time, we will complete the deployment in time.
MFS second period Equity Dividend Line, support MFS conversion strategy pool part of the USDT, MFS enabling is a long-term task for us, we will support more classes of asset conversion, will be open at least once a month project amount dividend. This month, it is expected to open an additional tranche of the DEFI program on its soon-to-be-launched exchange.
MetaOP is in the process of being developed, MetaOP is a racetrack for decentralizing financial derivatives, UNISWAP is a decentralizing spot trading platform, and MetaOP is defined as the largest decentralizing futures trading platform, which adopts the forward trading model, assist in decentralizing the ecosystem to build aggregations of options, futures, swaps, etfs, CDS , and other derivatives. Based on the underlying protocol of MetaOP, users can forecast MFI Futures Price on the official website, exchange assets on the chain, and exchange MFI-mfs-peth between users.

MFI has been launched on Hoo, after we voted at MetaDAO to eliminate the expense of a 2% transfer fee, greatly reducing transaction attrition and increasing MFI liquidity. The launch of Hoo, with seven bonus activities totalling 100 MFI, has seen a cumulative increase of up to 350 per cent, and we are in close discussions with some of the head exchanges.

The Asian community has completed a number of online AMA on MetaFinance, and has collaborated with local Asian blockchain industry head media to promote it. We have received positive feedback from Asian community consultants, including golden finance, ostrich blockchain, vernacular blockchain, top finance, etc. , the market is responding well, and the METAFINANCE community is growing in influence over an increasing number of online AMA rhythms.
NFT and DeFi are two major trends in cryptocurrency development, and this week we debuted NFT in collaboration with Vogue. The NFT products of MetaFinance ecology are being incubated, and the “Mascots”with MFI characteristics are being incubated, which can be purchased by MFI, confer NFT qualification on the chain, and realize the whole ecological circulation of high-value IP.

The month long MetaFinance push has generated a large number of incremental users, with a maximum of 54.24 ETH. We submitted the DOT address to the poca foundation on March 20, and the award for the direct tweet ranking is complete.
MetaFinance global community is growing, MetaFinance Discord channel is ready, multi-language room for international communities and users to discuss the latest developments, topics of concern, etc. , Community Manager is responsible for MetaFinance Discord and answer questions.