MCDEX Update — Jan. 2022

  1. Product cumulative trading volume reached $7.2B
  2. More than 5000 traders used the product
  3. DAO treasury incremental revenue reached $2.6M
  4. The successful launch of trading mining program epoch 0–7

Core Features Improvement

  1. Multi-Collateral: More collateral assets approved by MCDEX governance will be allowed for trading in the initial release of V4.
  2. Cross-Margin: To better improve the trading experiences by allowing users to utilize full amount of funds
  3. Lower Slippage
  4. Multichain Deployment: we are currently in talks with the major L1 chains on an upcoming multichain deployment

UX Improvement

  1. Increase traders’ capital efficiency by allowing at least up to 30x leverage
  2. Simplify trading interface: the current trading UX is similar to centralized experiences.

Tokennomics Improvement

  1. Token Utility. Currently MCB is only a governance token. We are planning to add more utilities to benefit our token holders.
  2. Introducing veMCB by leveraging ve and ve(3,3) model

Next Steps

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