Meta Defender, which is a multi-chain decentralized imitative marketplace that was created for Liquid Staking Tokens (LST), will be positioned on Acala. This will open the doors for the users of Polkadot to make use of trade DOT staking yields in general and particular within the ecosystem. Further, there will be the availability of a true fixed yield product for bringing DeFi closer to the users.
In the upcoming days, LST is set to be the base part of Proof-of-Stake (PoS) networks. The inconsistency in LST yield rates is similar to the rates of interest in conventional finance (TradFi). In this, the initiatives are responsible for lessening risk factors(hedging) or accepting risks, hoping for proportional profits. The TradFi interest imitative market comes with a hypothetical value of more than $500 trillion. The volume of trading in crypto initiatives is going through an increase to over $2 billion value wise, which is equal to 70% of the total cryptocurrency market.
Current imitative market situations are beneficial in the case of vast traded assets having robust liquidity, the priority being centralized exchanges. The basic character of the LST market invariably leads to a break up, since liquidity is allotted throughout multiple LST protocols. The aim of Meta Defender is to introduce the TradFi magnitude in interest derivatives to the DeFi space.
Meta Defender is the initial decentralized off-shoot marketplace for LST and tokenized yields. It has been created on Ethereum, as well as Arbitrum and Acala. Its purpose is to offer perpetual and set yield products dependent on staked Ethereum and staked polkadot. Meta Defender’s perpetual contract will allow a 50x utility trading in the case of long and short, for LST yields and the general yields.
This is done via innovative token quality and liquidity systems having more capital effectiveness and trading exposure. Further, Meta Defender provides a set yield product that makes use of its perpetual contracts and tokenized LST principle for obtaining futuristic and maintainable set rate returns.
Acala is the liquidity window for Polkadot within which projects such as Meta Defender is able to make use of DeFi primitives, conventional DOT, and staked DOT liquidity in an EVM adaptable scenario. As per Meta Defender’s intentions, there will be an array of deliverances on Acala and Polkadot.
This will have an options market for aSEED, a yield market for staked DOT incorporating with LDOT, along with a perpetual market for encouraging long and short staked DOT yield rates and a set rate product for staked DOT. Imitations for Polkadot and Acala will help in lessening the price of trading and lower the instability factors pertaining to the market.
Meta Defender is a decentralized imitation marketplace protocol that has been created for encouraging trading in yield. It provides a perpetual market with individualistic yield tokenization and capital effective liquidity pools, along with a set yield product having no lock up and futuristic and balanced yield in spite of market instability.
Acala on the other hand, is building a liquidity base for Web3 finance that is locked up and maintainable. Its goal is to offer frameworks for HyFi, DeFi, and CeFi solutions with crypto and real-time assets. Acala provides a universal asset space that handles multi-chain LST protocols, an AMM decentralized exchange, and an application base which is EVM adaptable.
Source: https://www.cryptonewsz.com/meta-defender-connects-with-acala-ecosystem/