Please describe your proposed solution.
Investing and asset management are difficult tasks for most people due to the complexity and hands-on activities they entail. Moreover, investing in web-3 native assets can become a daunting task. Users need to fully understand the assets in which they are investing; they are also exposed high volatility, native to the ecosystem.
Metera Protocol is a marketplace for tokenized investment strategies called MTKs, that will help users navigate the fast-growing Cardano Ecosystem by providing instant diversification using a wide range of tailored indexes mitigating the user's exposure.
What are MTKs ?
MTKs are baskets of assets created by vetted portfolio managers that provide exposure to an specific sector, or curated list of Cardano Native Assets (. i.e.: DeFi, RealFi, Exchanges, Metaverse, etc.)
Diversification is Key
One of the most important rules for safe and effective investment is diversifying your holdings. Never put all eggs on one basket.
Most successful traditional investment strategies rely on diversification to minimize the exposure to single assets. Blockchain is a fast-growing space with a lot of opportunities, but there is no denying the risks involved by investing in this fast-paced ecosystem. So, diversification is the key.
Overview
Our platform offers a wide range of tokenized strategies/indexes – MTKs. By doing this we create benchmarks across all sectors of the ecosystem, providing data on reliable returns that properly replicate the current market conditions.
Metera’s solution includes various rating systems for indexes to effectively provide users with relevant information that will allow them to make conscious and informed decisions on whether to invest on the products offered, or look for a better opportunity.
Our solution
Metera portfolios provide instruments for users to diversify their investment by minting $MTK in return for depositing a specified set of tokens in a smart contract.
A portfolio manager can create a new portfolio with a set of tokens of their choice, specifying the value weight each token must have in the portfolio. In the initial version, the site admin will act as portfolio manager; nevertheless, the smart contract will be designed in a way that it is possible to allow any authorized user to create a portfolio.
Two oracles are created for this portfolio: one which will tell at all times the target weights the portfolio must have, and another that will tell the current tokenX / ADA ratio for each token in the portfolio. These oracles will be present in every transaction that involves the portfolio.
Once created, any user can place an order to deposit in the portfolio. A fee will be charged to each user that makes a deposit. This fee will be a percentage set and fixed in the portfolio, and will be charged in ADA. The fees will be stored in the portfolio for later collection by the portfolio manager.
Once created, any authorized user can place an order to deposit in the portfolio. A fee will be charged to each user that makes a deposit. This fee is a set percentage, fixed in the portfolio, and will be charged in ADA. The fees will be stored in the portfolio for later collection by the portfolio manager.
These MTK can then be redeemed by placing a withdraw order, which results in users burning MTK and getting paid back tokens from the portfolio, again, approximating the target weights specified in the oracle.