Ahoy, Metapeers!
There’s a new port-of-call coming to Flow, a safe harbour for all your financial needs. Welcome aboard to Metapier, an innovative and efficient suite of decentralised finance (DeFi) tools for the Flow ecosystem. On Metapier, you’ll be able to trade, launch projects, provide liquidity, and more with its Pier services — Shipyard, Wharf, and Deepsea. It will also include a versatile trading API. Read on to find out all about Metapier’s vision in becoming the liquidity infrastructure backbone on Flow!
Why DeFi?
Metapier seeks to bring a complete suite of DeFi tools to Flow. These tools, which allow people to trade, deposit, and receive money in a completely peer-to-peer fashion, represent the realisation of fundamental financial freedoms that we and many in the crypto community have long believed in facilitating. Through our goal of becoming Flow’s “one-stop shop” for DeFi, Metapier hopes to bring crypto fundamentals, such as genuine self-custody and permissionless finance, to the Flow ecosystem. We sincerely believe that widespread DeFi adoption will bring a revolution in freedom, censorship-resistance, and personal financial control worldwide — and we’re doing our best to make this dream a reality!
Why Build on Flow?
Flow, in particular, has a lot of potential for new and exciting DeFi functionality, including chain-native liquidity pools, a strong demand for a customisable project launchpad, effective interoperability, and closer integration of different Flow ecosystem projects. This potential has yet to be fully realised. Metapier seeks to bring this functionality, in an easy-to-use and efficient way, to the Flowverse at large and help it achieve deep liquidity and collaboration between projects.
Flow also has the advantage of having a very involved and connected team, which has a history of working with high-profile projects such as NBA Top Shot. This has made it the blockchain of choice for NFT projects seeking a professional, accessible blockchain to build on. Throughout our development process, the Flow team has worked with and supported the Metapier crew in creating a project that everyone would benefit from. Even though there are only a handful of tokens on Flow right now, we believe that, with Flow’s building focused community, the need for a dedicated IDO and liquidity platform will steadily increase. The $725 Million Flow ecosystem fund is evidence for our conviction.
Why Metapier?
Metapier is not just another DEX — it’s a complete collection of DeFi tools developed just for Flow. It consists of three different suites of tools: Shipyard, Wharf, and Deepsea.
Pier Wharf is the decentralised exchange part of Metapier, allowing you to swap any Flow token with ease. To determine optimal token prices for end users, Pier Wharf uses an Automated Market Maker (AMM) algorithm, which is non-custodial and well-established in the DeFi world at large.
Pier Shipyard is a platform for launching ideas and building communities. Its customisable and transparent decentralised auction process builds trust between founders and funders and makes it easy to bootstrap liquidity for your exciting new Flow project, just the way you want it.
Pier Deepsea is a service for providing liquidity where you can deposit tokens into liquidity pools and earn rewards by staking your LP tokens. When you stake, you gain the right to vote on Metapier Steering proposals, which set the course for Metapier’s future. This form of community governance incentivises community stewardship and allows everyone’s voice to be reasonably heard.
These three suites together form the multifaceted toolbox that is Metapier — a comprehensive collection of state-of-the-art DeFi primitives.
Why Now?
Now is the best time! It’s true that market conditions in crypto are complex right now. However, counterintuitively, this is exactly why we chose to launch our project now rather than later. Bear markets may be bad for token prices, but they’re the best time to be building. In fact, a bull market’s most successful investments tend to be projects that spent the previous bear market building up their product. In a bear market, there’s also more time for devs to work on the features and to test them properly, with little pressure to release too quickly. In our view, there’s no better time than now to bring DeFi to Flow.
Who are We?
Our crew consists of crypto natives, including alumni from CMU, Georgia Tech, and Waterloo, to guarantee your voyage across the vast seas of Web3 to be as secure as can be. The crew brings with it years of technical and business experience at major firms like AWS and Bloomberg, so even tradlubbers will find using Metapier a breeze.
Our Vision
In the early days, DeFi protocols were first created for users who had experienced the downsides of centralized exchanges and were attracted to the decentralized nature of the DeFI world. To build a Flow-native DeFi protocol that works for all kinds of users, we will ensure that Metapier is easy and convenient to use for newcomers, without compromising on the ideal of decentralized finance that veterans have learned to trust. We invite all Flow users to shape the future of DeFi on Flow with us!
Interested in Learning More?
To learn more and get involved with Metapier, make sure to visit the official website website, follow us on Twitter, and join the Discord server. Also, feel free to stay up-to-date with the latest Metapier news on the Metapier medium.
Metapier is expected to launch in the end of July 2022, so stay tuned for any updates. We’re looking forward to seeing you off on your Web3 voyage with Metapier!
