HomeCoinsEthereum (ETH)MCDEX (MCB) Goes Live on Arbitrum

MCDEX (MCB) Goes Live on Arbitrum

- Advertisement -


Decentralized derivatives exchange MCDEX is now live on Arbitrum Rollup, the Ethereum layer-2 scaling solution, and will go public after testing for a couple of weeks. MCDEX is the first fully permissionless decentralised perpetual swap which is live on mainnet where anyone can create any perpetual market. 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.

MCDEX V3 has an automated market maker (AMM) with 1000 times higher efficiency than that of the AMM that relies on the constant product formula. Built on Arbitrum, MCDEX V3 has the following key features:

  1. User experience on MCDEX is seamless and on par with centralized exchanges
  2. Users can save up to 100x in gas fees as compared to Ethereum layer 1
  3. With the sequencer feature, trades are confirmed almost instantly 

Though Arbitrum mainnet is only open to developers on 28 May, MCDEX has been testing on the Arbitrum testnet since February. So far, the feedback from users has been positive and one common feedback is that the platform runs “fast and smooth”.

“The ground-breaking features of MCDEX V3 help to solve the pain points for traders on Ethereum layer 1. We believe that this will elevate user trading experience on DEXes after deploying on Arbitrum.” – MCDEX 

“MCDEX V3’s advanced and innovative design is going to be game-changing for perpetual swaps, and Arbitrum’s low cost and fast response times will mean faster oracle updates, greater capital efficiency and an unparalleled user experience for MCDEX users. As one of our earliest partners, we’ve gotten to know the stellar team at MCDEX quite well, and we’re excited to reach this launch milestone together.” – Arbitrum Co-Founder, Steven Goldfeder

MCDEX (MCB) Goes Live on Arbitrum

MCDEX recently just secured a funding of $7M led by Delphi Digital and Alamada Research. 

Other participants in the round includes: Multicoin Capital, Fenbushi Capital, DeFiance Capital, 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 (angel investor).

MCDEX (MCB) Goes Live on Arbitrum





Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 24,228.49
ethereum
Ethereum (ETH) $ 1,920.86
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 142.29
litecoin
Litecoin (LTC) $ 62.38
eos
EOS (EOS) $ 1.31
okb
OKB (OKB) $ 21.43
tezos
Tezos (XTZ) $ 1.92
leo-token
LEO Token (LEO) $ 4.71
cardano
Cardano (ADA) $ 0.536488
monero
Monero (XMR) $ 166.25
stellar
Stellar (XLM) $ 0.125517
chainlink
Chainlink (LINK) $ 9.24
huobi-token
Huobi (HT) $ 5.38
tron
TRON (TRX) $ 0.070278
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 55.29
neo
NEO (NEO) $ 11.97
iota
IOTA (MIOTA) $ 0.358564
nem
NEM (XEM) $ 0.056011
zcash
Zcash (ZEC) $ 78.43
maker
Maker (MKR) $ 1,076.96
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 43.01
vechain
VeChain (VET) $ 0.033189
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX (FTT) $ 30.87
kucoin-shares
KuCoin (KCS) $ 10.64
waves
Waves (WAVES) $ 6.09