What is Mean Finance? Mean Finance is an advanced open DCA protocol that allows users (or dapps) to cost average (DCA) any ERC20 token at their preferred time interval without having to provide personal information. identification or authentication.
Let’s find out what is special about this project with Weakhand in this article.
What is Mean Finance?
Mean Finance is the most advanced DCA protocol. It allows you to set up actions like “Swap 10 USDC for WBTC every day, for 30 days”. You can create these actions with other ERC20 tokens on the platform at a frequency of your choosing.
What is Mean Finance?
On the Mean Finance platform, it only supports a few tokens such as: ETH, WETH, WBTC, USDC, DAI and allows users to conduct DCA daily or weekly.
Main participants on the Mean Finance platform:
- User: Implement price averaging (DCA) strategies for the tokens you desire. User must pay gas fees for the platform with activities such as: Creating transactions, withdrawing balance, … and protocol fees for market makers (As of now, that fee is 0.6%).
- Market Makers (market makers): Execute the user’s desired DCA campaign and receive a reward of a 0.6% fee on the user’s swap amount upon completion.
Mean Finance is a great platform for minimizing price impact on user assets. Especially useful for those who do not have much time to research the market or have a long-term investment strategy.
Here I will give an example so everyone can better understand Mean Finance:
Example of a model that works on Mean Finance
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User wants to swap 10 USDC to ETH every day for 30 days. Users need to prepare enough money for the strategy and a small transaction fee, specifically 300 USDC and a small fee in ETH.
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After confirming the transaction, Mean Finance will mint 1 NFT (ERC721) on behalf of the owner. The image of the NFT will display the current status of the user’s position such as: amount to withdraw, total amount swapped, remaining amount to be swapped,…
Visual representation of an NFT
3. Market Maker swaps 10 USDC into ETH once a day (Market Maker is allowed to swap tokens at any time within 1 day) for 30 consecutive days (user’s USDC balance will gradually decrease and the amount of ETH will decrease). ascending). For each transaction they will receive a fee of 0.6% of the transaction amount.
4. After completing 30 days, the User will receive ETH – a fee of 0.6% of the total amount of ETH received to the market maker.
In addition to the DCA feature, Mean Finance also supports swapping 2 tokens at the best price, with liquidity taken from many different platforms.
Liquidity summary on Mean Finance
Users can Swap 2 tokens at the suggested platform price or choose according to their liking.
What is the Difference of Mean Finance?
Without the need to perform identity verification, users can execute DCA bid or DCA sell campaigns within a certain period of time automatically on the Mean Finance platform.
Mean Finance only charges users 0.6% for transactions completed by Market Makers. Users can cancel their positions at any time. When this happens, all remaining and swapped balances are returned to the user.
Core Team
Update…
Investor
Update…
Tokenomics
Currently the project does not have a token
Mean Finance Project Information Channel
- Website: https://mean.finance/create
- Twitter: https://twitter.com/mean_fi
- Discord:
summary
Mean Finance has a quite interesting and unique development direction, serving the needs of a group of participants in the Crypto market. Hopefully the information I provide above helps you understand What is Mean Finance?
