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1. Ranked among the top after half a year on the line, and the user experience is constantly approaching the centralized exchange

Backed by the huge ecology of HECO and the intercommunication of assets and data through cross-chain BSC, MDEX, which has been online for half a year, has become one of the top players in decentralized exchanges. According to Debank data, the trading volume of decentralized exchanges in June was 109.5 billion US dollars, and the trading volume in May was 253.2 billion US dollars, a decrease of 56.4% from the previous month. Among them, MDEX (BSC) ranked first in the total trading volume in June with a price of US$18.2 billion, followed by Uniswap V3 and PancakeSwap with US$17.3 billion and US$16.1 billion respectively.

In order to further expand its advantages and retain users, MDEX is still moving towards the direction of "closer to the experience of centralized exchanges". The specific methods are as follows:

• Optimize the existing AMA automatic market-making scheme to realize functions such as liquidity aggregation, range orders and limit orders;

• Build a cross-chain infrastructure that connects multiple heterogeneous blockchain networks to achieve more convenient and efficient cross-chain asset exchange;

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2. Added the lock-up function of the board of directors and handed over the power to the community

According to reports, the MDEX board of directors has repurchased and destroyed a total of 47.62 million MDX, with a total repurchase amount of over 135 million US dollars. At the same time, the MDEX board rewarded users with a total of nearly 220 million US dollars. In order to further increase the value of MDEX and create higher returns for users, the MDEX board has added a lock-up function. The specific rules are as follows:

1. Support different cycle lock-up strategies for single-pool pledged MDX, that is, users can complete current and regular (divided into 30 days, 90 days, 180 days and 365 days) lock-up operations in the single-currency pledge pool of the board of directors with one click;

2. Users can choose different lock-up periods to obtain corresponding lock-up profit weights. That is, the longer the lock-up period, the larger the total amount of lock-up, and the higher the weight of income;

3. During the lock-up period of the board, the user cannot withdraw the principal, but can withdraw the lock-up income at any time;

4. The principal that has reached the lock-up period according to the rules can be automatically converted to the current income model, that is, the unlocked assets can withdraw the principal at any time, and the unwithdrawn principal will be rewarded according to the weight of the active period.

In summary, the lock function has strong flexibility and continuity. While providing users with a variety of choices, it also focuses on encouraging users to lock their positions for a long time to shape the scarcity of circulating MDX.

In addition, MDEX will also start the board member election plan, that is, 21 super directors will be elected through MDX voting. Board members can enjoy the right to initiate proposals and obtain high income dividends. Users can vote through MDX to participate in community governance and Get corresponding rewards. This move can also be understood as the overall transfer of MDEX to DAO (Decentralized Organization).

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3. Realize the real DAO through value transfer

The core charm of DAO in the encrypted world is that all benefits and values ​​created in the community will be shared fairly by all contributors, which is almost impossible to achieve in the parallel traditional Internet world. With the advancement of digitalization, the weight of individual users in the online world is constantly being enlarged. The demand to demonstrate the spirit of DAO and satisfy users' interests more equally and reasonably is also becoming stronger.

Under this trend, MDEX's approach is more practical, because its core revolves around the proposition of transferring value to users. In addition to the new locking function, MDEX will launch three plans to create more potential benefits for users.

The first is the M-USD plan, which is to launch the multi-collateralization method to mint the stable currency MUSD, and provide adapted application scenarios and liquidity rewards within the ecology to provide token liquidity for MDX holders;

The second is the M-MEX plan, which is to launch a series of derivative instruments to provide users with ways and paths to create multiple benefits;

Finally, there is the M-LEAGUE plan, which injects more funds into a series of supporting projects such as IMO, ecological fund investment, and start-up project incubators, so as to better invest and serve global developers, and repay users with high-quality projects and ecology.

Although it is currently impossible to accurately infer whether MDEX can realize its grand vision through this series of measures, for decentralized exchange players, its new gameplay of pledge lock function and decentralized governance method have certain advantages. reference value.