☄️MM Finance (Arbitrum)

Greeting, Meerkats!

Welcome to Arbitrum, a Layer 2 scaling solution that brings fast and low-cost transactions to Ethereum. It uses a unique rollup technology that allows smart contracts to be executed off-chain, resulting in significant cost savings and faster transaction confirmations.

This move is a significant step forward for our platform, as it will bring a host of benefits that will improve the user experience and help us achieve our goals of creating a more efficient and accessible DeFi ecosystem.

What are the benefits of Arbitrum?

As DeFi developers, we are always on the lookout for newer and exciting chains to work on. By migrating to Arbitrum, MM.Finance will be able to take advantage of the network's unique rollup technology. This will allow us to significantly reduce gas fees and transaction times, making our platform more accessible and user-friendly for all types of users, from casual investors to sophisticated traders.

But our move to Arbitrum is not just about technical improvements. It's also about taking a step forward in creating a more inclusive and equitable DeFi ecosystem. By reducing gas fees and transaction times, we'll be able to make our platform more accessible to users who may have been priced out of the market due to high fees. This will help to level the playing field and make it possible for more people to participate in the DeFi revolution.

What are we building on Arbitrum?

🔄 DEX (Decentralized Exchange)

We will be launching our DEX with low trading fees of 0.17%, which will allow us to be a rather competitive DEX for users to trade on. 0.1% of trading fees goes towards liquidity providers. 0.04% of fees goes towards building protocol-owned-liquidity for our native token on Arbitrum. Our DEX will operate a vote escrowed liquidity bribe model to allow new community projects to easily and cheaply gain liquidity.

💰 Yield Optimizer

We will be launching a yield optimizer with similar mechanics to our current MMO (Mad Meerkat Optimizer) that exists on Polygon and Cronos. There will however be 3 huge differences that will form a bullish narrative for our native DEX token. 1) There will be no additional token launched for the Yield Optimizer, profits will be paid out in xMMF tokens (a locked/escrowed version of aMMF). 2) All performance fees that are accrued from the Yield Optimizer will go towards the building of protocol-owned-liquidity for aMMF, further reinforcing price stability. 3) We will build Yield Optimizing strategies for huge protocols on Arbitrum such as GMX. Imagine a situation where you could stake GMX tokens to earn ETH and xMMF at an additional 10% APR boost (Huge yield boost for GMX users, while benefiting our token holders at the same time).

⚖️ NFT Marketplace

Seeing as MM is historically strong in the NFT space with our MMB, MMT, MMD collections etc, we are confident that it is sensible for us to build a NFT marketplace for which we already have a strong userbase. There’s a chance we can potentially compete with bigger names. This is especially so, given that there’s no dominant NFT marketplace on Aribitrum yet. That said, platform fees generated from our NFT marketplace will also go towards forming protcol-owned-liquidity for MMF.

💵 Money Market

We will launch a money market with the intention to become one of the larger liquidity moats for borrowing and supplying of assets on Arbitrum. Today, Arbitrum is a chain that is still in its growth stage, where protocols do not have any clearly defined winners in the money market space yet. There’s still a huge opportunity for us to potentially build the go-to money market for Arbitrum. That said, fees that are accrued via the money market will also go towards building protocol-owned-liquidity for MMF.

Overall, as you can see, we have placed huge emphasis on building protocol-owned-liquidity through fee accruals. In our experience, this is one of the most important factors to allow us to succeed in building a truly sustainable protocol. Rain or shine, FUD or otherwise, having liquidity that is not succumb to the whims and fancy of mercenary liquidity providers will allow our ecosystem to weather through markets’ peaks and troughs.