The migration of DeFi protocols to Ethereum L2 will be the real battlefield of derivatives in the DeFi space. Once built on Ethereum L2, perpetual swaps, the most popular way of trading cryptocurrencies, will be able to realize their full potential. The launch of MCDEX on Arbitrum is revolutionary and we are excited to launch our testnet on Arbitrum Rollup, which we chose for its visible product readiness and its smooth and developer-friendly capabilities for porting code. …
Liu Jie, our CEO, believes that the high Ethereum gas fee has severely constrained the development of the MCDEX decentralized perpetual swaps. While MCDEX is actively exploring L2 rollup plans, we are also looking for other plausible public chains. In Liu Jie’s opinion, there are several essential aspects that DeFi developers need to pay attention to — speed and fee, asset size and diversity, the compatibility across the public chain and Ethereum EVM, and the cost for user migration across chains.
Zora: Welcome to today’s “Blockchain 101”. We invited Liu Jie From MCDEX to talk about what DeFi participants can do to deal with the current expensive gas fee situation. …
Distribution: After every block, holders of the Uniswap token share will enjoy the share of the total amount.
Transfer: Every Monday. Sometimes because of high gas, MCB will be transferred with a threshold.
Metamask Wallet — https://metamask.io/
Add Liquidity to ETH-PERP AMM — https://mcdex.io/liquidity/ETH-PERP
Add Liquidity to LINK-PERP AMM — https://mcdex.io/liquidity/LINK-PERP
Add Liquidity to SNX-PERP AMM — https://mcdex.io/liquidity/SNX-PERP
Add Liquidity to COMP-PERP AMM — https://mcdex.io/liquidity/COMP-PERP
Add Liquidity to LEND-PERP AMM — https://mcdex.io/liquidity/LEND-PERP
Get Started — https://mcdex.io/trade
TRUMP Futures Contract on MCDEX — https://mcdex.io/trade/TRUMP2020-DAI
Twitter — https://twitter.com/MonteCarloDEX
Telegram — https://t.me/mcdex
Discord — https://discord.gg/uut3V3D
The last two weeks were mesmerizing. In this fifth bi-weekly report, we throw light on what happened at MCDEX in the past two weeks, the plans, discussions, campaigns, community engagements, and much more!
To give you a brief recap, our fourth bi-weekly report focused on The MCB Foundation, High Gas Fees, discussion for round ZHOU of liquidity mining, LINK-PERP launch, Voting on Proposals and Rules for Round ZHOU, MCB Chart-Art Competition & Memes Contest, Increase in the rate of Liquidation Penalty, the launch of MCDEX YouTube channel, welcoming DeFi Pulse to community governance, 300% mining efficiency, discussion on rewarding traders, a resource on all details about the MCB token, and community engagements. …
We are thrilled to announce that MCDEX has closed the first funding round from several renowned influencers and key stakeholders of the industry, including Arthur ( DeFiance Capital ), Qiao Wang, DeFi Dad, Daryl Lau, Tarun and Robert Leshner ( Robot Venture), Mariano Conti, Etienne ( TRG Capital ), 株式会社 Incuba Alpha and a few more from the DeFi community including Yang Mindao ( Founder of dForce ), David Lei ( Fortube CEO ), Zhang Yuanjie( Conflux Cofounder ), Steve Guo ( Loopring CTO ), Lei Mingda ( DODO Founder).
MCDEX has been dedicated to bringing perpetual contracts to the DeFi space along with providing a top-notch trading experience for traders. We are excited to be a part of the DeFi revolution and proud that we have such an amazing group of supporters. This is just the beginning. We strive to give our community the experience they deserve. The team has decided to lock the team tokens since the beginning of September for 6 months. …
Currently, the Etheruem Gas Price is extremely high (about 500 gwei), which is beyond our design (below 10 gwei). As a result, the trading cost (gas + fee) is too high for the traders. The platform is not able to make a profit from the fee. Besides, due to the current AMM’s design, the slippage is high, and capital efficiency is low.
The team is working hard to deal with the following problems:
MCDEX V2, since inception, has received tons of feedback and suggestions, which makes us believes that the future of MCDEX is propitious — As an ambitious and experienced team, we are on our way to build a decentralized Bitmex. It’s a long way to go, but we are confident and determined we’ll make it through.
Today, we announce that — the 25% MCB token share for the team and early investors, which has been vesting linearly, the vesting of which is now suspended for 6 months starting September 1st, 2020.
Our token metrics reveal that 25 million MCB tokens have been allocated for the team and early investors. As of now, 1 million MCB tokens have been released. This release will be paused for the next 6 months. The release of tokens will resume on March 1st, 2021. …
Things have been moving fast for us at MCDEX. Before we dive deep into MCDEX’s fourth bi-weekly report, you may want to read the third bi-weekly report again here.
To give you a brief recap, the third bi-weekly report focused on — liquidity mining calculator, the next round of liquidity mining “SHANG”, the eUSD proposal, increase in trading fees, our first governance meeting, research on L2 solution, the launch of ambassador and bug bounty program, community engagements, and plan for August.
Let’s dive deep into our fourth bi-weekly report!
The MCDEX Foundation will provide grants in MCB on a monthly basis for the tasks based on the performance of the Ambassadors. The Foundation’s Budget & Expenses will be disclosed every month! …