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Mercurial Finance

Mercurial Finance MERPrice N/A

MER Price

N/A

General Info

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Tags (Sub-Categories):

# Inactive

Funds and Backers

Description

Mercurial Finance is a dynamic vault for stable assets on Solana, focused on low slippage swaps and maximizing capital utilization.

Mercurial Finance (MER) Chart

Mercurial Finance price Index provides the latest MER price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

IDO

21 May 2021 — 21 May 2021

Raised

$ 112.50K

Price:

$ 0.125

Tokens For Sale:

900,000

Platform:

N/A

ATH ROI:

15.32x  +1,432%

Additional Data

ATH Market Cap

$ 105.32M

Max Supply

MER 1,000,000,000

Total Supply

MER 1,000,000,000

IDO ROI

100%

0.00x

IDO Price

$ 0.125

21 May 2021

All Time High

$ 1.91

22 May 2021


All Time Low

$ 0.0000753

22 Jun 2024

Trending Mercurial Finance Fiat Pairs

What is Mercurial Finance (MER)?

Mercurial is building DeFi’s first dynamic vaults for stable assets, providing the technical tools for users to easily deposit and mint stable assets, generating liquidity for their own requirements or offering them to ecosystem participants with such demands.

To optimize performance, assets will be dynamically used to facilitate a wide range of use cases, from low slippage swaps, lending, flash loans and external third-party decentralized protocols. Key transactions like withdrawing and swapping in the same transaction are made possible thanks to the strong performance capabilities of Solana.

To further increase the availability of pegged assets in the Solana ecosystem, we will allow the creation of synthetics, like mUSD or mBTC. These assets can be added to our vaults to both improve liquidity for other stables, as well as ease the interaction with other third-party decentralized protocols.

Innovation and Roadmap

We will be innovating on several key technical features, including on-chain algorithms to regulate the flow of assets, and dynamic fees that tap on the market and price data to assist LPs to optimize performance. We are developing a unique pricing curve that will be the first to combine high efficiency, multi-token support and generalizability for all types of token sets.

For our roadmap, we will start with a vault for USDC, USDT, wUSDC, and wDAI, facilitating low slippage swaps with dynamic fees. As key technical and ecosystem pieces (like inter-program composability and price oracles) become available on Solana, features will be added accordingly. Furthermore, a beta on Solana testnet will be deployed along with a lite paper containing key technical and system details next week.

The DeFi ecosystem on Solana is evolving at an extremely fast pace, with stablecoins of primary importance. We believe that a dynamic system such as Mercurial will be able to provide a robust platform for users to easily get liquidity for channeling towards the most productive channels.

Powered By Solana

Mercurial is built on Solana due to strong product possibilities on the high-performance blockchain and the growth potential of the ecosystem. Not to mention, the active support of key players in the ecosystem.

Technically, we are able to build more sophisticated systems, including supporting multiple complex actions in a single transaction and having on-chain algorithms that execute based on on-chain logic while performing operational roles like interest collection with high frequency.

Ecosystem-wise, we believe that Solana is one of the most exciting ecosystems to be in right now, with plenty of potential to eventually become a DeFi ecosystem on the scale of the other prominent blockchains.

We have been extremely impressed by the core Solana architecture, as well as the technical support provided by the core engineers at Solana. Additionally, we aim to contribute to the developer ecosystem as well, in terms of education and adoption.

Historical events:

12/27/2022 Mercurial Finance has rebranded to Meteora, which includes new MER token functionality. More information:

https://blog.mercurial.finance/unveiling-the-meteora-plan-8b4164d8a5a5. Meteora token page: https://cryptorank.io/price/meteora.

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