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Mew Finance#

Overview#

Mew Finance is a decentralized finance (DeFi) platform operating on the Ergo Blockchain. Launched in October 2024, it aims to provide a suite of innovative, accessible, secure, and user-centric financial applications. The platform is known for its distinctive visual theme and focus on community engagement.

Visit the official platform: https://mewfinance.com/

Products and Services#

Mew Finance launched with six core products in Q4 2024:

  • Mew DEX: A decentralized exchange designed for simple and fast token trading on Ergo.
  • Mew Mart: A marketplace for trading various tokens and NFTs within the Ergo ecosystem.
  • Mew Store: A marketplace focused on physical assets, including collaborations like the Sigma Shop.
  • Mew Fund: A platform facilitating community-driven investments.
  • Mew Tools: A collection of utilities to assist users with blockchain transactions.
  • Mew Fun: A lottery service developed in collaboration with ErgOne, aimed at improving liquidity for both projects.

MEW Tier System#

Mew Finance utilizes a tiered system to reward user engagement and investment in the platform. Higher tiers offer greater benefits.

  • Tiers: The system consists of Tiers 1 through 6.
  • Benefits:
    • Revenue Sharing: Tier 4, 5, and 6 members share 5% of the service fee revenue (from Mart, Store, Tools, Fund).
    • DEX Fee Revenue Sharing: Tier 6 members exclusively share 5% of the DEX fee revenue.
    • Zero DEX Fees: Tier 6 members enjoy zero fees on transactions made through Mew DEX.
  • MEW Kitty NFTs: Associated with the tier system, these NFTs provide additional benefits or recognition. As of Q4 2024, 25 out of 50 had been claimed.
  • Q4 2024 Snapshot:
    • Tier 6: 20 members
    • Tier 5: 3 members
    • Tier 4: 0 members
    • Tier 3: 1 member
    • Tier 2: 3 members
    • Tier 1: 4 members
    • Revenue Share Distributed (Q4 2024): 93.48 ERG (equivalent to 8,113.08 MEW) was distributed to eligible Tier ⅘/6 members.

Liquidity#

  • MEW Token: As of the end of Q4 2024, the MEW token was reported as the 3rd most liquid asset on the Ergo Blockchain (after RSN and SigUSD), with approximately $200,000 in DEX liquidity.
  • Liquidity Boosting: A "Mew Christmas Sale" in Q4 2024 successfully sold 20,000 ERG worth of MEW tokens. All ERG proceeds were used to increase the liquidity of the MEW token.

Partnerships#

Mew Finance actively collaborates with other projects and initiatives within the Ergo ecosystem:

  • Sigmanauts: Partnered to launch the "Sigma Shop" on the Mew Store, offering Ergo-based merchandise.
  • ErgOne: Collaborated to integrate the Mew Fun lottery, aiming to boost liquidity for both Mew Finance and ErgOne.
  • Ergosanta: Mew Finance supported the 2024 Ergosanta community initiative, helping to collect and distribute over $2,000 worth of prizes.

Future Developments (As of early 2025)#

Mew Finance plans to expand its ecosystem with:

  • Mew Lend: A decentralized platform for borrowing and lending assets securely on the Ergo blockchain.
  • Offer Functionality in Mew Mart: An upcoming feature allowing users to make offers on specific assets listed in the marketplace.

Financial Highlights (Q4 2024)#

  • Total Revenue: 2,289.17 ERG ($3,662.67 USD)
  • DEX Fees: 1,633.17 ERG ($2,613.07 USD) - 76.3% of total revenue.
  • Service Fees (Mart, Store, Tools, Fund): 656 ERG ($1,049.60 USD, including $150 from token listing fees) - 23.7% of total revenue.
  • Team Operating Costs: Reported as 1000 ERG per month during this period.

Note: Financial figures and tier counts are specific to Q4 2024 as per the source document.