1,1 and 6,6 are all labels useful for defining certain actions when discussing Game Theory, on which Metavault is based.
In a wide sense, Game Theory is the study of mathematical models that serve as abstractions of the interactions between rational agents given a set of underlying rules and conditions. In Metavault's case, Game Theory is used to analyse and present the weight of benefits and drawbacks linked to the different ways in which the user interacts with the protocol.
The column indicates actions taken by the user, while the row indicates actions taken by others. Every action has a corresponding value, and these values translate to the appropriate positions on the table.
Let's look at an example. You and another user decide to purchase a 1,1 bond. The value of this outcome is 1 + 1 = 2. This is considered a positive, but not a highly positive outcome.
On the other hand, if you decide to purchase the same 1,1 bond, while another user decides to sell, the outcome will be overall negative, since 1 – 1 = 0.
With everything accounted for, it is in the best interest of all Metavault users to utilize 6,6 staking to the maximum extent. By maximizing the positive outcome, users enable the protocol to grow its reserves and provide more attractive APRs.
How did Metavault launch?
Metavault stealth fair-launched on 22/02/2022 at 16:30 CET. There were no whitelists, presales or pre-allocation. 100,000 MVD were pre-minted and allocated as follows:
90% to MVD-DAI LP over SpookySwap
10% locked and vested to the development team linearly over the period of 2 months to fund marketing and development costs
How is the DAO related to Metavault.Trade?
Metavault.trade is a decentralized perpetual exchange that shares the Metavault vision and returns a portion of its profits back into the Metavault treasury. This is also used to reward Metavault stakers as well as funding our Metavault VC investment arm. Furthermore, Metavault DAO will invest most of its treasury in its subsidiary product and will benefit from this twice over