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Friday, July 19, 2024

Matrix Airdrop Review: Retrograde Performance & Treasury Statistics

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About Matrix Airdrop

Matrix Airdrop is a farm aggregator that helps users to maximize their returns through an auto-compounding yield farm system, able to take advantage of the compounding interest. Their long-term goal is to make yield farming as simple as possible without losing the benefit of an ultra low-fee chain like Fantom.

Matrix will be airdropping free MATRIX tokens to early users of the platform. Continuous snapshots of users will be taken until the launch of the token and based on the duration in which they’ve invested and the amount invested, users will get free MATRIX

PlatformTotal ValueMax. ParticipantsWebsite
Binance Smart Chain1,000,000 WRKX & 500 USDTUnlimitedClick Here To Visit

Step No 1

Register for the Matrix Airdrop , by creating an account.

Step No 2

Verify your email & log in to your account.

Step No 3

Take part in the referral program and invite 3 friends.

Step No 4

Join Matrix Airdrop on Telegram group & Telegram channel

Step No 5

Follow Matrix Airdrop on Twitter & like/share the pinned tweet and tag 3 friends.  

Step No 6

Like/follow Matrix Airdrop Now, everyone can become a Airdrop on Facebook & like/share the pinned post.  

How does it work? 4 steps

  1. Click Approve on the pool in which you would like to deposit your Fantom
  2. 2.Wait until Deposit shows up
  3. 3.Insert the number of Fantom you want to deposit
  4. 4.Click on Deposit
  5. 5.Accept the transaction on Metamask
  6. 6.There you go, from this moment, Matrix will start working for you
  7. 7.Enjoy the power of the compounding interest while doing what you like

What do you need to start using Matrix?

  1. 1.A Metamask account (it’s free and rapid to download)
  2. 2.Add the Fantom chain on Metamask (guide)
  3. 3.Buy Fantom from your favorite exchange and transfer them to Metamask
  4. 4.Connect Metamask to Matrix (top right of Matrix homepage)
  5. 5.Stake your Fantom on your favorite pool

Tokenomics

Warren Buffett, later quoted among the others by Jeff Bezos, famously said: “You can hold a ballet and that can be successful. And you can hold a rock concert and that can be successful. Just don’t hold a ballet and advertise it as a rock concert.”The way we interpret this concept at Matrix is very straightforward: be clear with your tokenholders with what you want to achieve from the start.

And the mission is quite clear: “becoming the first auto-compounder with a strong focus on analytics and valuation metrics that will bridge the DeFi with the TradFi world, while also providing long-term sustainable value to holders”. The first step in order to build a long-term community-oriented project is to envision an ecosystem token supported by strong intrinsic economics.

Luckily, among the Matrix team we have different bright minds coming from leading financial institutions around the world. With their help, and in accordance with our value proposition toward the users, they have built what we think to be a tokenomics system well-suited to support the success of the project in the long-run

Zapper

If automated compound does not already make our users life easier, we have added a new functionality that does. Indeed, for using Matrix you just need to have FTM on your wallet. The Zapper functionality allows users to just deposit FTM and LP will be create automatically by Matrix. Thus, even when withdrawing the users will receive a total amount of 100% FTM.

Where can see the Impermanent Loss risk of a pool?

By pressing the “More Info” button at the right of every vault you will be able to see the historical 14 days IL of the selected LP pair. Each info-graphic shows you 3 important things:

  1. 1. The riskiness of the pool (in IL terms). Indeed, from the bar at the bottom left of the info-graphic you can asses very straightforwardly the risk of the pool. I.e., low risk, medium risk, or high risk.
  2. 2.The historical chart of the pair. With data in real time (provided by Coingecko), prices are always the last ones available and so the chart is always up-to-date.
  3. 3.Yield and fees summary. The info-graphic gives you all the necessary info to understand how much you are gaining from the pool and helps you understand if there are any reinvesting fees (which do not depend on Matrix).
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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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