MDEX will be launched on January 19, 2021Since the launch, we have been looking for a better protocol solution to achieve the lowest cost, highest efficiency, fastest speed, and best experience transaction ecology. In the fierce and rapidly iterative competitive environment, MDEX constantly examines the giving under the background of the times and participates in it.
After 138 daysAfter running, MDEX is about to usher in the first halving, and will also announce our planning and layout for the next stage. The progress of MDEX in the past 5 months is as follows:
MDEX daily trading volume exceeds 2.7 billion US dollars;
· The highest TVL of MDEX dual-chain deployment (Heco&BSC) exceeded US$5.7 billion, and the cumulative transaction volume exceeded US$340 billion;
· The number of participants in the first phase of IMO (Initial Mdex Offering) exceeded 8,874, and the total amount of participation exceeded 387 million US dollars.
Created more than 1.3 billion US dollars of wealth for users, and continued to repurchase and burn MDX:
MDEX has accumulatively created $1.06 billion in wealth (430 million MDX) for users through trading subsidies and liquidity mining rewards;
· Boradroom repurchases and burns a total of 47.62 million MDX, and the total repurchase amount exceeds 135 million US dollars. At the same time, Boardroom rewards users with a total of nearly 220 million US dollars;
· In order to give MDX more ecological application scenarios, the first phase of "burning black hole" totaled more than 464,000 MDX, and finally destroyed more than 417,600 MDX.
Cooperation progress:
· MDEX deployed HECO and BSC ecology, and successfully landed on 23 exchanges such as Huobi Global, Binance, Gate.io, M XC;
· MDEX ecological fund investment
O3、Coinwind、Westater、Filda、Booster，Converter, Syn,Multiple high-quality projects such as Open Leverage;
MDEX's future plans：
1. Trading experience:
Composability and innovation are important factors to promote the development of DeFi, and they are also the direction of continuous exploration. MDEX will deepen the trading process and continue to provide users with a more efficient, convenient and freer trading experience. Next, MDEX will:
(1) The online liquidity optimization agreement has greatly improved the efficiency of capital utilization;
MDEX will optimize the existing AMM automatic market-making scheme to realize functions such as liquidity aggregation, range orders, and limit orders;
(2) On-line cross-chain transaction function to realize multi-chain network value transfer;
MDEX will build a cross-chain infrastructure that connects multiple heterogeneous blockchain networks to realize the asset exchange function across blockchains. It will provide more convenient and lower-cost asset circulation solutions for blockchain network assets and users such as ETH, HECO, BSC, and Polygon;
(3) Launch an innovative trading interface and order book to upgrade user trading experience;
MDEX will provide a market display page and order book trading functions that are in line with user habits, and at the same time provide more convenient and richer pending order strategies to create an operating experience comparable to that of centralized exchanges.
2. Ecological territory:
Trading is the core of DeFi value, but it is by no means the end of the DeFi world. MDEX will expand the ecological territory horizontally, and building more innovative products is an important path to create more value. Next, MDEX will:
(1) Implement the M-USD plan to release liquidity:
MDEX will continue to support over-mortgage, liquidity certificate LP mortgage, board of directors MDX mortgage and other ways to mint the stable currency MUSD, and provide rich application scenarios and liquidity rewards for MUSD, allowing users to greatly increase their funds while obtaining substantial benefits usage efficiency;
(2) Implement the M-MEX plan to create a one-stop solution for derivatives:
MDEX will rely on the original products, give full play to the composability of DeFi Lego, and gradually launch a series of innovative derivatives such as leveraged trading, option trading, and prediction markets, to provide users with richer, more convenient, and safer products. Create more income for MDX holders;
(3) Implement the M-LEAGUE plan to create a new Defi ecosystem:
We hope to prosper the ecology together with more partners and developers. Therefore, a series of support programs such as IMO, MDEX Foundation, and M-Accelerator will be given higher priority. The MDEX Foundation will provide global high-quality developers and innovative projects with comprehensive resource support such as funding, technology, and ecological cooperation. MDEX will carefully review each application and give feedback within 24 hours.
3. Earnings feedback:
At any time, the owner of MDX is the most loyal builder of MDEX. MDX will be the only core token of the MDEX ecology and the only beneficiary of all growth dividends of MDEX. In the next version, MDEX will:
(1) Implement the DAO plan and return all powers to the community;
MDEX will launch the election plan for board members. 21 super directors will be elected through MDX voting. Board members can enjoy the power to initiate proposals and obtain high income dividends. Users can vote in MDX to participate in governance and obtain corresponding rewards;
(2) Start a long-term lock-up plan, so that core supporters can reap rich returns;
In order to encourage MDX holders who are optimistic about the development of MDEX in the long term, a long-term lock-up plan will be launched, and more funds and equity will be invested for rewards.
(3) More product income empowerment, sharing the growth dividend of MDEX;
Transaction fees will only be part of the revenue of the MDEX platform in the future, but the revenue of any product will be rewarded to MDX holders through rewards/repurchase and destruction.
