This article is not at all financial advice, but based on the current market, I would just like to show you approximately what you can expect from Merchant Moe. If you didn’t know, then Merchant Moe is the number one DEX on the Mantle Network, and it has a very vibrant community.
There are plenty of ways in which you can spend and invest $500 on Merchant Moe, but here I would just like to color you the most basic way of them all… by buying MOE tokens and staking them on the platform.
- By the way, the website of Merchant Moe is at https://www.merchantmoe.com/
$500 worth of MOE tokens.
At the moment, you can buy approximately 7000 MOE tokens if you spend $500 on the platform. But, what can you expect if you buy those tokens?
Most cryptocurrencies are speculative investments, and if the price go up, you earn, if they dump, you loose. That is, of course, true about the MOE token as well, but there are lots of additional bonuses and rewards coming with the MOE token, making you better prepared for the volatile market we are in.
I have staked 7000 MOE tokens worth $500… what know?
Here you can see a little picture presenting a $500 investment on Merchant Moe. What do you see?
Do you see the number in the upper right corner? It says APR (30D). If the market and the traffic on the DEX remains the same, then you will get approximately 17% in interest within a year. Isn’t that neat? That interest is gathered based on the fees gathered on the platform, which is then paid out to the MOE stakers. So, just by staking your MOE tokens, you can expect an interest on your tokens (paid in MOE tokens that you can further stake or cash out) between 15% and 20%. But, if Trump says both good and bad things that makes the market go bananas, then the fees are often much higher, also leading to higher payouts and a better APY on your staked MOE.
But, that isn’t all.
With your staked MOE you receive veMOE, which you can use to vote for which liquidity pool should get the highest rewards. With the 7000 staked tokens, I receive a total of 7,000,000 veMOE. I can use these to vote for any pool (and it doesn’t cost anything, nor does it come with any risk).
Can you see the number in the picture which says best reward per 1M veMOE? At the picture, that is approximately $0.09. That sounds like nothing, but with my 7,000,000 veMOE, it means that I earn about $0.6 every day with no risk at all. This is normally paid out in MNT tokens, but it can also be paid out in other tokens (depending on who is bribing and which currency they decide to pay the bribes in). And if you earn $0.6 per day for a year, that is close to $200 in one year.
Once again, we are looking at something close to $200 paid out yearly in bribes. Of course, these bribes are not constant, and they come and go, so you cannot expect so good payouts all year around. But then again, there are times in which the bribes are way more crazy than this… so who knows?
With bribe payouts close to $150 and a 15% APY on your MOE investment, you are actually hedging quite well against drops in the market. However, Merchant Moe is the leading DEX on the Mantle chain, better known as the yield chain. What does that mean? If the markets go up, and if Mantle goes up, Merchant Moe will definitely go up. And when it does, your initial 7000 MOE tokens will be worth way more than the current price of $500.
