M: Actually, I really want to talk about what you learned during the evolution from v2 to v3, and let us briefly talk about some key features of V2 and V3 and what changes have been made.

L: This is a very good question. What we learned from v2 is that liquidity is the first principle of financial products, which means we should focus on how to improve liquidity, including high capital efficiency, which leads to low slippage for traders, and lower cost to provide liquidity.

How did we discover this? V2 is a hybrid model with both order book…

This is the Transcript of podcast 51% hosted by Mable Jiang.

Part I Where the idea of MCDEX comes from?

M:Today, I have invited Liu Jie, the founder of MCDEX, to be the guest on 51% podcast. Before we start, Liu Jie will give the audience a self-introduction.

L: Hi, I am Liu Jie, the founder of MCDEX. I used to be a developer at Baidu. At Baidu, I developed a distributed system and created a distributed database called Doris. This project is open-source and is widely used. In addition, I also developed a mining software called Minerbabe, a management tool for GPU mining. …

Based on the proposal 26, We are glad to extend our bounty with hummingbot to widen the participants of the arbitrager bounty.


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. Arbitrager shall write to contact@mcdex.io to apply and introduce himself and his professional arbitrage system.
  2. The MCDEX foundation shall review the application and reply to the…

From May to June, We conducted a campaign that recommend MCDEX to your friends and Get $MCB reward. We are super grateful for the enthusiasm from the community.

What’s not qualified the reward

You need to state one sentence to recommend MCDEX to your friends.

We are thrilled to share that we are live on Arbiturm Mainnet and will go public after testing for a couple of weeks.

We launched the testnet on Arbitrum in February and have been constantly incorporating users’ feedback since then. As of today, 2575 users have conducted over $4.2B trading volume through 180 contracts. We also have 110 operators that created their pools to contribute to the ecosystem’s liquidity.

So what exactly will MCDEX V3 offer?

As we are approaching the mainnet launch, we cannot wait to share some good news with our communtiy. MCDEX are pleased to announce that we have partnered Math Wallet to enhance our protocol and ecosystem. This partnership will allow our users to conveniently manage their ERC-20 digital assets with top-level security provided by Math Wallet. We believe the integration between two teams will generate the market-leading user experiences for perpetual traders in DeFi.

About MathWallet

MathWallet is a multi-platform (mobile/desktop/hardware) universal crypto wallet that enables token storage of 60+ chains including BTC, ETH, Polkadot, Filecoin, EOS, Solana, BinanceChain, Cosmos etc, supports cross-chain…

We are delighted to see the community's enthusiasm for this Share and Retweet campaign! Based on the feedback we’ve received so far, we would like to clarify on several matters:

The gas fee can be saved up to 100x.

  1. Please make sure that you retweet our original tweet instead of just leaving the screenshot and your address.

Below is an example of what the screenshot should look like. Please pay close attention to the circled part as it fulfills the requirement of “ your position screenshot”.

MCDEX is thrilled to announce our strategic partnership with Indexed Finance, a project focused on the development of passive portfolio management strategies for the Ethereum network. In the near future, the two projects will work together to diversify and develop our mutual ecosystem. One of the initial steps would be adding the indices such as the DEFI5 (Defi Top 5 Index) to our MCDEX DAO pool. As we are already experimenting with it on our testnet, it benefits both communities as it is a derivatives market use case for the indices as well as an interesting market on MCDEX. This…

We are excited to announce that MCDEX has raised a $6M led by Delphi Ventures and Alameda Research along with $1M from our community with all the same terms applied.

Other participants in this round included Multicoin, Fenbushi Capital, Defiance, Incuba Alpha, D1 Ventures, Defi Alliance, NGC, IOSG, Zeuth, OKEx Blockdream Ventures, Horizon Capital, Bixin Ventures, Digital Renaissance Foundation, Mask Network, Shata Capital, Finlink, Plutus.vc, Magic Ventures, ZBS Capital, and Meltem Demirors.

“Delphi is proud to back MCDEX, a differentiated derivatives exchange that allows for single sided liquidity provision and uses both a funding rate and pricing arbitrage together to…


We are about to launch MCDEX V3 on Arbitrum rollup. The permissionless nature of our protocol shifts the power of flourishing the ecosystem to our dear community. The liquidity pools and perpetual markets are run by `operators’, who are the creators and managers of perpetual markets, and the market could be anything with an index. Therefore, a price feed is required. Operators are in charge of finding and choosing an appropriate oracle for their market.

Approved by the community in proposal 21, The MCDEX foundation will lead the process of searching for and integrating an oracle for the pool operated…

MonteCarlo DEX

Building MCDEX V3 (Decentralized Perpetual) | Trade #PerpetualContracts - #Permissionless #1000x Uni’s capital efficiency #Anyone can create any market

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