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 MCDEX decentralized perpetual swaps. While MCDEX is actively exploring L2 rollup plans, we are also looking for other plausible public chains. There are several essential aspects that DeFi developers need to pay attention to — speed and fee, asset size and asset diversity, the compatibility across the public chain and Ethereum EVM, and the cost for user migration across…
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: