Multi-Asset Vault (MAV)
The MAV assets are vital for establishing a strong protocol backing value and rewarding holders. They provide stability by creating a price floor, supporting MONSTA's intrinsic value.
Through protocol taxes, accumulated non-native assets are stored in their specific vaults. These assets (e.g. BNB) are preferably deflationary themselves so we can ensure their value is not being diluted over time.
Our multi-asset vault is the value-backing reward reserve of the MONSTA protocol. When MONSTA reaches its cycle end (after 2 years or an end supply of 1 million tokens), all MONSTA holders will be rewarded with a portion of the accumulated assets from the vaults relative to their share of held supply.
How It Works
A part of the collected transaction fee (2.5%) is used to buy non-correlated assets like BNB
90% of this 2.5% transaction tax is used to buy the non-correlated asset through the 'Kitchen Make' function. The remaining 10% is used to add MONSTA and WBNB to the liquidity pool
The asset is continually added to the vault during a cycle
After a cycle has passed, the vault assets will be distributed to MONSTA holders proportional to their percentage of holdings from the circulating supply
Holders then must manually claim their portion of the accumulated assets from the dApp and they will have 30 days to do so. Unclaimed rewards will be rolled over to the next cycle, and will stay in their specific vaults unless otherwise changed via community vote/proposal
After the claim period has expired, the protocol supply resets and a snapshot will take place. Users will be able to claim their newly minted MONSTA for the next cycle based on the total percent of supply they held at snapshot time
All parameters are subject to change in the future via community votes/proposals
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