To kick off this special lunar new year, year of the bull, MCDEX V3 will present you with a few special gifts: a brand new AMM, a revolutionary market structure, and an exceptional trading experience.
A glimpse of the UI:
What To Expect
ANYone can create ANY perpetual market.
Permissionless is the key of DeFi. MCDEX maximizes this nature of DeFi projects by introducing a new role — the operator, the creator and manager of a new perpetual market. Anyone can create a pool to support one or several perpetual markets by choosing an oracle and setting several risk parametres, without any permission or approval needed. Operators are also able to adjust risk parameters to provide proper market making strategy based on the volatility of the underlying asset.
By doing so, MCDEX empowers the community to list more synthetic assets, especially long tail assets. This revolutionary democratization makes market making accessible for everyone, thus bringing waves of fresh blood to the DeFi world.
Shared-liquidity AMM with 1000x better capital efficiency
As TVL is one of the prominent factors of a protocol, capital efficiency is even more crucial,
We have redesigned the AMM pricing formula to better utilize funds by aggregating a big percentage around index price. In such a way, MCDEX V3 can provide much better liquidity around the spread with the same liquidity in the AMM pool.
As shown in the image below: Assuming that the Index price is $100 and the spread on MCDEX V3 is 0.16%(set by the market creator), with the best bid at $99.92 and the best ask at $100.08. The order size within the spread with the MCDEX AMM is around 1000x larger than that with a constant product AMM.
Furthermore, a traditional AMM pool can support only one perpetual market. The MCDEX V3 AMM is equipped with a shared-liquidity pool which is able to support multiple perpetual markets. This AMM feature further improves our capital efficiency to a new level.
MCDEX DAO
Based on proposal 19 (https://forum.mcdex.io/t/proposal-19-mcb-new-tokenomics/262/9), the new MCBnomics has been executed(Details: https://github.com/mcdexio/mcdex-references/blob/v3/en-US/mcb-tokenomics.md)
MCDEX DAO will capture value created by MCDEX ecosystem, for example, transaction fee. MCB Holders can govern the assets of MCDEX DAO.
Next Up
Both V2 and V3 will run simultaneously for a while. Here are what’s left before mainnet launch:
V3 marks a significant milestone for the MCDEX community. Stay tuned!
MCDEX Community:
Telegram: https://t.me/Mcdex
Discord: https://discord.gg/yWngJ5BXd6
Twitter: https://twitter.com/MonteCarloDEX[/list]
A glimpse of the UI:
What To Expect
ANYone can create ANY perpetual market.
Permissionless is the key of DeFi. MCDEX maximizes this nature of DeFi projects by introducing a new role — the operator, the creator and manager of a new perpetual market. Anyone can create a pool to support one or several perpetual markets by choosing an oracle and setting several risk parametres, without any permission or approval needed. Operators are also able to adjust risk parameters to provide proper market making strategy based on the volatility of the underlying asset.
By doing so, MCDEX empowers the community to list more synthetic assets, especially long tail assets. This revolutionary democratization makes market making accessible for everyone, thus bringing waves of fresh blood to the DeFi world.
Shared-liquidity AMM with 1000x better capital efficiency
As TVL is one of the prominent factors of a protocol, capital efficiency is even more crucial,
We have redesigned the AMM pricing formula to better utilize funds by aggregating a big percentage around index price. In such a way, MCDEX V3 can provide much better liquidity around the spread with the same liquidity in the AMM pool.
As shown in the image below: Assuming that the Index price is $100 and the spread on MCDEX V3 is 0.16%(set by the market creator), with the best bid at $99.92 and the best ask at $100.08. The order size within the spread with the MCDEX AMM is around 1000x larger than that with a constant product AMM.
Furthermore, a traditional AMM pool can support only one perpetual market. The MCDEX V3 AMM is equipped with a shared-liquidity pool which is able to support multiple perpetual markets. This AMM feature further improves our capital efficiency to a new level.
MCDEX DAO
Based on proposal 19 (https://forum.mcdex.io/t/proposal-19-mcb-new-tokenomics/262/9), the new MCBnomics has been executed(Details: https://github.com/mcdexio/mcdex-references/blob/v3/en-US/mcb-tokenomics.md)
MCDEX DAO will capture value created by MCDEX ecosystem, for example, transaction fee. MCB Holders can govern the assets of MCDEX DAO.
Next Up
Both V2 and V3 will run simultaneously for a while. Here are what’s left before mainnet launch:
- Beta1 will be launched on “God of wealth day” — Feb. 16th.
- Beta 2 on Arbitrum Rollup
- Audits complete
- Mainnet launch!
V3 marks a significant milestone for the MCDEX community. Stay tuned!
MCDEX Community:
Telegram: https://t.me/Mcdex
Discord: https://discord.gg/yWngJ5BXd6
Twitter: https://twitter.com/MonteCarloDEX[/list]