V3 UX bounty Program
Since the launch of the MCDEX V3 testnet, it has been our pleasure to see discussions around various aspects of the product. Inspired by our fellow community members who have given us feedback from multiple perspectives, we would like to officially initiate this bounty program to encourage more valuable opinions regarding MCDEX V3 UX. Any suggestion is welcomed! The dev team will evaluate and select the reasonable ones to receive a reward.
You will receive 5 MCB (around $150 at the moment) if your suggestion is adopted. Our team member will contact you for further payment details.
Tutorial about how to start liquidity mining in v3 testnet: https://mcdex.medium.com/mcdex-v3-testnet-liquidity-mining-tutorial-8ced3e95a6d
Please make sure you contact us in discord #Hummingbot bounty channel or directly reach us at telegram handle @Lee_MCDEX. Anyone interested in this bounty must be approved beforehand.
The bounty program is established for the development of arbitrage strategy between MCDEX and other exchanges.
MCDEX is calling for developers to produce arbitrage strategies based on MCDEX perpetual swaps. This arbitrage strategy is designed based on elements including but not limited to the funding rate, cash and carry trade, and spread.
1.The coding must be based on Hummingbot (you can find the MCDEX connector here)
2.In order for your work to…
Crypto derivatives have been a hot topic this year. Mainstream investment institutions are accelerating the layout of this field. In the first installment of this column, we’ll talk to McDex, the trailblazer of the crypto derivatives market.
MCDEX, an early adopter of decentralized perpetual contracts, recently announced an update to the V3 along with the move to Layer2. …
To create a decentralized perpetual swap protocol that is widely accessible with low barrier to entry and the highest degree of security, it is critical to use a fully decentralized oracle solution that has capacity to provide real-time price updates at precise update intervals without compromising security or having any centralized layers.
We are proud to strategically partner with Band Protocol, the emerging leader of scalable decentralized oracles on all leading blockchain platforms on L1 and L2, to support the launch of MCDEX V3. Our team has worked with Band Protocol to create a highly accurate and robust price feed…
Beyond providing our LPs and traders a carefully constructed product with superb capital efficiency and smooth trading experience, a key objective of MCDEX V3 is to empower anyone to create any market in a permissionless way. While certain assets are popular in markets off the chain, MCDEX V3 aims to agglomerate the power of our community to create more perpetual contracts for these hotcakes. The results of this attempt will benefit all DeFi participants as everyone will be able to trade perpetual contracts of popular assets (or anything at all) on MCDEX V3!
-Precious metals: gold, silver, copper, platinum…
Hot and fresh! MCDEX V3 beta test is officially out! Please follow the steps below to play around with the platform.
Go to mcdex.io, click on go to V3 Testnet, connect wallet, and change your network to Kovan testnet. Test coin will be automatically distributed to your wallet. V3 currently supports an isolated margin system, so there are two steps you will need to complete in order to trade: to deposit and to place the order. Whenever you go to a new market, you need to deposit first to trade.
Let’s begin with choosing your trading pair…how does ETH-USDC sound?
Although MCDEX V3 will apply a multi-chain deployment strategy in order to better serve more communities over various ecosystems, Ethereum is still the central focus. However, both the skyrocketing gas fee and the heavy congestion of Ethereum L1 are hindering a smooth user experience of the platform. We are rigorously searching for an appropriate L2 solution due to the following reasons:
- Decrease Gas Fees: Due to the complexity of perpetual swap trading, the gas fee of perpetuals on MCDEX is approximately 5 times higher than that of a typical spot trading (e.g. Uniswap) transaction. …
As dramatic as 2020 had been, a bullish market has lightened up a bright gateway to the 2021 version of this beloved crypto world. While we are rolling up our sleeves for the launch of MCDEX V3, we would like to take a moment to map out MCDEX’s footprints in the past year of stepping forward together with all our dearest friends in the community.
We would like to thank you all for staying with MCDEX and witnessing these incredible events in the past year. …
We are thrilled to announce our partnership with Binance Smart Chain (BSC) to maximize the potential of derivatives!
We’ve been relentlessly working on MCDEX V3 (white paper referred to here). Mai Protocol V3 is an AMM-based decentralized perpetual swap protocol. The goal is to allow ANYONE to create and trade ANY perpetual swap. Permissionless is the key feature of this protocol, which can empower the whole community to contribute to the MCDEX ecosystem — anyone can create any perpetual market of on-chain or off-chain synthetic assets.
“The high Ethereum gas fee and inefficiency has severely constrained the development of the…
Building MCDEX V3 (Decentralized Perpetual) | Trade #PerpetualContracts - #Permissionless #1000x Uni’s capital efficiency #Anyone can create any market