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MCDEX Arbitrager Bounty II

MCDEX Arbitrager Bounty II

MediumMedium16 Jun 2021 | 11:03 am
MCDEX is calling for developers to produce arbitrage strategies based on MCDEX perpetual swaps. The arbitrage strategy is designed based on elements including the funding rate, cash and carry trade, and spread. The reward is disturbed to the arbitragers according to the date he passes the integration test.
Recommend and Reward Campaign Update

Recommend and Reward Campaign Update

MediumMedium11 Jun 2021 | 08:40 am
From May to June, we conducted a campaign that recommend MCDEX to your friends and get $MCB reward. You need to state one sentence to recommend your friends. We will distribute the reward when Arbitrum is open to public. We don't have a specific date yet, but will share with the community once we know.
读懂 MCDEX V3:用集中的 AMM 机制重塑去中心化衍生品

读懂 MCDEX V3:用集中的 AMM 机制重塑去中心化衍生品

ChainNewsChainNews07 Jun 2021 | 03:54 am
MCDEX V3 uses the "index price + complex AMM" method to price decentralized perpetual contracts, and its liquidity provision adopts a centralized AMM model similar to Uniswap V3.
Proposal 27: MCB Native Staking (ROUND 1)

Proposal 27: MCB Native Staking (ROUND 1)

MCDEX ForumMCDEX Forum04 Jun 2021 | 06:00 am
As the V3 mainnet is launching, I suggest launching the first round of MCB native staking to give back to the community. The staking reward is the MCB from the community incentive part. The MCB holders can stake their MCB in the smart contract on Arbitrum, and the reward is distributed according to the amount of staking.
MCDEX (MCB) Goes Live on Arbitrum

MCDEX (MCB) Goes Live on Arbitrum

The BlockThe Block03 Jun 2021 | 13:23 pm
Decentralized derivatives exchange MCDEX is now live on Arbitrum Rollup, the Ethereum layer-2 scaling solution. It is the first fully permissionless decentralised perpetual swap which is live on mainnet where anyone can create any perpetual market of on-chain or off-chain synthetic assets. The platform has an automated market maker with 1000 times higher efficiency than that of the AMM.
MCDEX V3 is live on Arbitrum Mainnet

MCDEX V3 is live on Arbitrum Mainnet

MediumMedium03 Jun 2021 | 12:59 pm
MCDEX V3 is now live on Arbitrum Mainnet and will go public after testing for a couple of weeks. Users can trade on our decentralized exchange with low network fees where gas fee will be reduced by up to 1/100 of that on Ethereum mainnet. The trades will be confirmed instantly, just like centralized exchanges.
MCDEX forms strategic partnership with MathWallet

MCDEX forms strategic partnership with MathWallet

MediumMedium31 May 2021 | 13:56 pm
MCDEX has partnered with Math Wallet to enhance its protocol and ecosystem. Perpetual swap is one of the most popular derivatives that have no expiration date, supports margin trading, and has its price soft pegged to index price. Traders’ assets are in the smart contract in a non-custodial way.
Proposal 26: Incentivize Early Professional Arbitragers

Proposal 26: Incentivize Early Professional Arbitragers

MCDEX ForumMCDEX Forum31 May 2021 | 08:29 am
The MCDEX Foundation has proposed to incentivize the early arbitragers to integrate their systems with V3 AMM. Arbitrageurs’ system shall work on the first day of V3 launching and work fine in the following 30 days if they pass the integration test. The earlier the arbitrage passes the test, the more reward will be distributed.
Proposal 25: Launch liquidity mining and transaction mining when v3 launch

Proposal 25: Launch liquidity mining and transaction mining when v3 launch

MCDEX ForumMCDEX Forum31 May 2021 | 05:02 am
MCDEX DAO will launch liquidity mining and transaction mining when v3 officially launches. MCDEX Foundation can set a rebate rate in the range [0, 100%]. The transaction mining has no specific end time. It should last until the budget is exhausted. We will begin the vote on June 3.
MCDEX Share & RT Campaign Update

MCDEX Share & RT Campaign Update

MediumMedium25 May 2021 | 03:49 am
The gas fee can be saved up to 100x. Your tweet must have been existed for more than 3 months. Hunters are not welcome and please don't submit multiple claims. We have filtered the screenshots we have received and you can find the updated list of $MCB reward receivers here.
MCDEX Announces Strategic Partnership with INDEXED Finance to Diversify the Mutual Ecosystem

MCDEX Announces Strategic Partnership with INDEXED Finance to Diversify the Mutual Ecosystem

MediumMedium24 May 2021 | 14:51 pm
MCDEX has announced a strategic partnership with Indexed Finance, a project focused on the development of passive portfolio management strategies for the Ethereum network. In the near future, the two projects will work together to diversify and develop our mutual ecosystem. One of the initial steps would be adding the indices such as the DEFI5 (Defi Top 5 Index) to our DAO pool.
MCDEX Closes $7M Investment

MCDEX Closes $7M Investment

MediumMedium20 May 2021 | 13:31 pm
Mai Protocol has raised $6 million in a funding round led by Delphi Ventures and Alameda Research. Other participants in the round included Multicoin, Fenbushi Capital, Defiance, Incuba Alpha, D1 Ventures, Defi Alliance, IOSG, and Meltem Demirors. The funds will be used to bootstrap the liquidity of upcoming V3 through governance.
Proposal 23: Granting Foundation the Right of Vetoing Malicious Proposals

Proposal 23: Granting Foundation the Right of Vetoing Malicious Proposals

MCDEX ForumMCDEX Forum20 May 2021 | 08:39 am
MCDEX DAO uses a Compound-like smart contract to govern on-chain. The DAO smart contract has the right to do anything, including transferring the asset tokens in the vault and issuing a new MCB. The vault has a $7M initial fund. Hackers may propose malicious proposals to the DAO.
Proposal 22: MCDEX DAO Genisis Day

Proposal 22: MCDEX DAO Genisis Day

MCDEX ForumMCDEX Forum20 May 2021 | 07:31 am
Draft MCDEX DAO will launch on May 1st, 2021 as the "Genisis Day" of the DAO. This is relative to the MCB tokenomcis, which has a minimal issue speed of 0.2MCB per block. The liquidity mining smart contract needs to deposit a batch of MCB tokens in advance before launching the liquidity mining.
Invitation to Tender: Oracle for MCDEX DAO Pool

Invitation to Tender: Oracle for MCDEX DAO Pool

MCDEX ForumMCDEX Forum19 May 2021 | 15:50 pm
The MCDEX Foundation has launched the first round of tender for an oracle for the USDC pool operated by the MCDex DAO. The tender will be open to providers of a price feed for the pool. The first tender is for ETH and BTC, and the subsequent tender will come up when we plan to add new markets.
Proposal 21: Launch a v3 Pool operated by MCDEX DAO

Proposal 21: Launch a v3 Pool operated by MCDEX DAO

MCDEX ForumMCDEX Forum13 May 2021 | 05:51 am
MCDEX DAO should launch a pool as a benchmark and bootstrap the ecosystem in the early stage. MCDEX Foundation should be appointed as the acting operator for 3 months to set all the initial parameters of the pool and choose Oracle’s suppliers. The LP token of the liquidity shall be transferred to the MCD EXPO vault.
V3 Testnet UX bounty Program

V3 Testnet UX bounty Program

MCDEX ForumMCDEX Forum29 Apr 2021 | 09:29 am
Bounty will last until the middle of May. You will receive 5 MCB (around $150 at the moment) if your suggestion is adopted. The specific range includes but is not limited to UX design. The team member will contact you for further payment details.
We are HIRING

We are HIRING

MediumMedium29 Apr 2021 | 01:58 am
As MCDEX continues to expand, we would like to invite more talented ones to join this magical journey. Please reach out to us if you are interested in the positions listed below. If your skillsets do not fit in these two roles, we still welcome your self-pitch!
MCDEX Integrates The Graph to Secure Open Data Indexing and Query Support for Trading Activities

MCDEX Integrates The Graph to Secure Open Data Indexing and Query Support for Trading Activities

MediumMedium25 Apr 2021 | 11:40 am
The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. Subgraphs are open APIs that provide access to on-chain data. MCDEX creates a subgraph on The Graph’s hosted service to monitor related new blocks and generate backend data for trading activities.
MCB Community Sale is LIVE

MCB Community Sale is LIVE

MediumMedium21 Apr 2021 | 07:17 am
MCDex has launched Community Sale, a subscription service for institutional investors. If the subscription is over $1M, the size for each one will decrease proportionally. There is no subscription max, and you can subscribe as many times as you would like during this period. After 7 days, you will be free to unstake your MCB and USDC deducting your subscription
Proposal 20: Raise $7M fund for MCDEX DAO

Proposal 20: Raise $7M fund for MCDEX DAO

MCDEX ForumMCDEX Forum16 Apr 2021 | 12:21 pm
As the MCDEX V3 launch approaches, we propose to raise $6 million from institutional investors and $1 million from current MCB holders to collect bootstrap liquidity as well as to become well-rounded with reputable resources. We have reached a preliminary intention with the following investors: Delphi Ventures, Alameda Research
V3 UX bounty Program

V3 UX bounty Program

MediumMedium15 Apr 2021 | 02:44 am
MCDEX has launched a bounty program to encourage more valuable opinions regarding MCDEX V3 UX. You will receive 5 MCB (around $150 at the moment) if your suggestion is adopted. The dev team will evaluate and select the reasonable ones to receive a reward.
MCDEX V3 Testnet Liquidity Mining Tutorial

MCDEX V3 Testnet Liquidity Mining Tutorial

MediumMedium13 Apr 2021 | 06:01 am
The first ETH is used to pay the GAS fee, the second ETH is automatically sent by MCDEX, used for trading, and the USDC is used for the trading. The first ETH will be used for testing and the second will be sent to the test network.
MCDEX Arbitrage Strategy Bounty

MCDEX Arbitrage Strategy Bounty

MediumMedium09 Apr 2021 | 12:55 pm
MCDEX is looking for developers to produce arbitrage strategies based on MCDEX perpetual swaps. The arbitrage strategy must be based on elements including the funding rate, cash and carry trade, and spread. The strategy that is accepted will share the reward of 50MCB.
An interview with Liu Jie, Founder of MCDEX: “The Design Logic of MCDEX V3”

An interview with Liu Jie, Founder of MCDEX: “The Design Logic of MCDEX V3”

MediumMedium11 Mar 2021 | 14:57 pm
MCDEX V3 is an AMM-based decentralized perpetual swap protocol designed by MCDEX. Perpetual swap is one of the most popular derivatives that have no expiration date, supports leverages, and has its price soft pegged to index price. The protocol is designed to allow anyone to create and trade in any perpetual market.
MCDEX Partners With Band Protocol to Secure V3 Launch With Extensive and Scalable Decentralized…

MCDEX Partners With Band Protocol to Secure V3 Launch With Extensive and Scalable Decentralized…

MediumMedium10 Mar 2021 | 10:05 am
MCDEX has partnered with Band Protocol to integrate their oracles on its Beta2 Testnet for the launch of MCDEX V3 on Arbitrum. The oracles include BTC, ETH, S&P500 and DPI oracles that update on a frequent 0.1% deviation basis. Perpetual swap is one of the most popular derivatives that has no expiration date, supports margin trading, and is soft pegged to index price.
Bigmac Program: Call for Real-World Markets

Bigmac Program: Call for Real-World Markets

MediumMedium05 Mar 2021 | 09:31 am
MCDEX V3 aims to empower anyone to create any market in a permissionless way. While certain assets are popular in markets off the chain, MCDEX aims to agglomerate the power of our community to create more perpetual contracts for these hotcakes. The results of this attempt will benefit all DeFi participants as everyone will be able to trade perpetual contracts of popular assets.
A Step-by-Step Instruction on How to Trade on MCDEX V3 Testnet

A Step-by-Step Instruction on How to Trade on MCDEX V3 Testnet

MediumMedium15 Feb 2021 | 15:58 pm
The MCDEX V3 beta test is officially out. The platform supports an isolated margin system, so there are two steps you will need to complete in order to trade: to deposit and to place the order. V3 also supports limit and stop orders.
EthHub Weekly #152

EthHub Weekly #152

ethhub.substack.comethhub.substack.com08 Feb 2021 | 23:52 pm
Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar) Over the last few months the network fees on Ethereum have obviously been quite expensive and it doesn’t look like they’ll be going down anytime soon (especially not during a bull market). Though there is hope as plenty of layer 2 solutions are rolling out with some already live with plenty of activity (which I wrote about here). I know it’s painful now, but I think that it’s going to get a lot better for end-users over the next year or so - after all, we are currently experiencing the Ethereum scaling war effort. Our friends over at Cryptocurrency Jobs put together a short recap thread on their journey and growth thus far - check that out here. Have a great week everyone! - Anthony CME Group launched its long-awaited ether (ETH) futures product today. CME's ETH futures were announced in mid-December to much fanfare. Per contract details published on the CME website, the futures are cash-settled and based on the CME CF Ether-Dollar Reference Rate. Each monthly contract represents 50 ETH -- an amount worth roughly $78,000 at press time -- with a minimum block trade size of five contracts. The CME Group website lists a range of liquidity providers for its ETH futures, some of whom also provide liquidity for the exchange's bitcoin futures and options products. The firms providing liquidity for ETH futures include BlockFi, Galaxy, Genesis, CoinShares and NYDIG. The number of visitors to crypto exchange websites surged in January, according to data collected by The Block. Some 344 million visitors flocked to crypto exchanges, per SimilarWeb data, surpassing December's total of 196 million. The data signifies the highest point since January 2018, when exchange sites drew in roughly 531 million. Additional data shows that Binance continued its streak, having drawn in approximately 28.8% of the total number of visitors. Binance was followed by Coinbase (25.11%) and Kraken (6.19%). That January was such a big month for website visits is unsurprising, given the movements in the digital asset market. January saw the price of bitcoin eclipse $40,000 for the first time. This month, the team made important improvements to their UI on desktop and mobile to provide a more transparent and seamless user experience, poured more resources into simplifying Swaps for new users, incorporated community feedback into their feature roadmap and more. DeFi platform Yearn.Finance said Thursday that one of its pools of funds had been exploited, resulting in the loss of $2.8 million. The platform has vowed to make affected users partially or fully whole. A team that has been working in pseudo stealth alongside UMA for the last 3 months launched their inaugural products last week: BTCDOM and ALTDOM. Tradable now, these derivatives give traders access to these indexes. The team, Domination Finance, will be launching a suite of related products over 2021. Goldfinch is a DeFi lending protocol that aims to address emerging markets. It raised $1 million from a group of industry stakeholders that includes Kindred Ventures, Coinbase Ventures, IDEO CoLab Ventures and Dragonfly Capital co-founder Alex Pack. Balancer V2 brings with it a host of new features including improved gas efficiency, a protocol vault for all Balancer pool assets, customizable AMM logic and much more. A host of new features in this release including the ability to cancel & speed up transactions, adjustable nonces, auto-hide settings and much more. Mask Network will build a strategic partnership with Loopring Protocol. They’ll have deep cooperation in L2 scaling, zkRollup and other decentralized technologies. On the application layer, Mask Network and Loopring will work together on developing more second layer “Red Packet” functions. 0x Labs, the startup behind the decentralized exchange protocol and a provider of DEX infrastructure, has raised $15 million in a Series A funding round. The round was led by Pantera Capital with participation from Jump Capital, Coinbase Ventures, Blockchain.com Ventures, Nima Capital, IOSG, the DeFi Alliance. A bunch of improvements with this release including new crypto synths, shorting rewards and more. V3 will come with a brand new AMM, a revolutionary market structure, and an exceptional trading experience. This post recaps the last month of progress in Shell Protocol and charts out their future course. The first user of Vector, Decentral Games, is live with instant transfers of DAI and MANA from Ethereum to Matic and back. The raise had participation from 1kx, CoinFund, ParaFi and Coinbase. Update on EIP-1559 timeline from Tim Beiko Update on EIP-1559 timeline from Tim Beiko Mike Shinoda (Co-Founder of Linkin Park) talking about NFTs Mike Shinoda (Co-Founder of Linkin Park) talking about NFTs Why Alpha Finance is yield farming on steroids Why Alpha Finance is yield farming on steroids Market cap or FDV/TVL is a meme metric Market cap or FDV/TVL is a meme metric Flashbots MEV of the week Flashbots MEV of the week Economic security flippening Economic security flippening I Choose You Layer 2 I Choose You Layer 2 DeFi to Finance DeFi to Finance Good Stewards Good Stewards MEV and Me MEV and Me How Ethereum Governance Works How Ethereum Governance Works What's up with Optimistic Ethereum What's up with Optimistic Ethereum 20 Charts of “Numba Go Up” 20 Charts of “Numba Go Up” Why We're Building Maple Finance Why We're Building Maple Finance Crypto-Dollars, Regulation, and DeFi | Jeremy Allaire - Bankless Crypto-Dollars, Regulation, and DeFi | Jeremy Allaire - Bankless Ethereum Push Notification Service: The Decentralized Notification Protocol - Epicenter Ethereum Push Notification Service: The Decentralized Notification Protocol - Epicenter DeFi and the SEC - Coin Center DeFi and the SEC - Coin Center The Daily Gwei Data Pump #2 - Ethereum and DeFi On-chain Analysis The Daily Gwei Data Pump #2 - Ethereum and DeFi On-chain Analysis Complete revamp of the “Stateless Ethereum” roadmap Complete revamp of the “Stateless Ethereum” roadmap ACD’s Thoughts on ACD ACD’s Thoughts on ACD Ethereum 2.0 mainnet client metrics Ethereum 2.0 mainnet client metrics Flashbots Transparency Report Flashbots Transparency Report February 7th 2021 Growth Lead - xToken Labs Growth Lead - xToken Labs Smart Contract Developer - mStable Smart Contract Developer - mStable Blockchain Integration Manager - Chainlink Blockchain Integration Manager - Chainlink Meme Lord/Lady & Community Manager - Reflexer Labs Meme Lord/Lady & Community Manager - Reflexer Labs +1000’s more on the Cryptocurrency Jobs website! +1000’s more on the Cryptocurrency Jobs website!
Why Arbitrum — Our Response to a Frequently Asked Question

Why Arbitrum — Our Response to a Frequently Asked Question

MediumMedium29 Jan 2021 | 11:47 am
MCDEX is looking for an appropriate L2 solution to reduce gas fees and improve liquidation efficiency. MCDEX V3 will use a multi-chain deployment strategy in order to better serve more communities over various ecosystems. The gas fee of perpetual swap trading is approximately 5 times higher than that of a typical spot trading (e.g. Uniswap) transaction. The platform must have the capability to promptly liquidate positions
2021, Footprints Eventually Forms a Path

2021, Footprints Eventually Forms a Path

MediumMedium15 Jan 2021 | 11:26 am
MCDEX is launching MCDEX V3, the first decentralized exchange to launch perpetuals for ETH, LINK, SNX, LEND, and COMP. The Arbitrum option is significantly lower gas usage compared to the Ethereum mainnet, saving gas cost up to several hundred times. With the “ operator” role introduced, any user will be able to “self-list” whatever asset by their choice.
How does DeFi deal with high Ethereum gas fee?

How does DeFi deal with high Ethereum gas fee?

MediumMedium02 Nov 2020 | 05:36 am
MCDEX CEO Liu Jie believes that the high gas fee has severely constrained the development of the MCDEX decentralized perpetual swaps. He believes that DeFi developers need to pay attention to speed and fee, asset size and diversity, the compatibility across the public chain and EVM, and the cost for user migration across chains.
Fifth Bi-Weekly Report — MCDEX

Fifth Bi-Weekly Report — MCDEX

MediumMedium18 Sep 2020 | 10:35 am
MCDEX has announced the suspension of team vesting starting September 1 for 6 months. The proposal for reducing the mining rewards for 2 MCB/block to 0.2 MCB was passed by the community. MCDEX CEO Liu Jie was on a live show organized by Binance Smart Chain on Sep 3.
Liquidity Mining Round — Qin

Liquidity Mining Round — Qin

MediumMedium15 Sep 2020 | 08:07 am
The maximum mining efficiency is 500% for those who hold more than 3 months of mined MCB. After every block, holders of the AMM share token will enjoy the share of the total amount. Sometimes because of high gas, MCB will be transferred with a threshold.
MCDEX Announces The Closing of its First Round of Funding

MCDEX Announces The Closing of its First Round of Funding

MediumMedium08 Sep 2020 | 13:31 pm
MCDEX has closed its first funding round from several influencers and key stakeholders of the DeFi space. The team has decided to lock the team tokens since the beginning of September for 6 months. MCDEX is dedicated to bringing perpetual contracts to the DeFI space along with providing a top-notch trading experience for traders.
MCB Vesting Suspended For 6 Months For Team and Early Investor Tokens

MCB Vesting Suspended For 6 Months For Team and Early Investor Tokens

MediumMedium02 Sep 2020 | 08:45 am
The 25% MCB token share for the team and early investors, which has been vesting linearly, is now suspended for 6 months starting September 1st, 2020. The release of tokens will resume on March 1st 2021. 25 million MCB tokens have been allocated for MCDEX Foundation to cover operation cost.
Fourth Bi-Weekly Report — MCDEX

Fourth Bi-Weekly Report — MCDEX

MediumMedium28 Aug 2020 | 10:14 am
MCDEX has released its fourth bi-weekly report for August. The report focused on liquidity mining, the next round of liquidity mining “SHANG”, the eUSD proposal, increase in trading fees, our first governance meeting, research on L2 solution, the launch of ambassador and bug bounty program, and community engagements.
Everything About The MCB Token

Everything About The MCB Token

MediumMedium26 Aug 2020 | 15:03 pm
MCDEX Co-Founder Jean Miao has opened up about the governance and distribution of the MCB token. He said that the team won’t participate in proposals related to liquidity mining, which means that the rules of liquidity mining can be changed via governance voting. However, the team will vote for other proposals, for example, penalty fee.
Liquidity Mining Round — ZHOU

Liquidity Mining Round — ZHOU

MediumMedium25 Aug 2020 | 03:40 am
The MCDEX governance app has voted on several proposals to increase the mining efficiency of AMM. Holders of the AMM share token will enjoy the share of the total amount after every block. Since the gas fee has been pretty high lately, MCBs will be distributed to liquidity providers every day based on a threshold (let’s say 40 or 50%).
Third Bi-Weekly Report (July-August)

Third Bi-Weekly Report (July-August)

MediumMedium07 Aug 2020 | 11:10 am
MCDEX has implemented a new trading fee structure for order book trades. The trading fee for the order book came into effect on July 29th, 2020. MCDEX launched the ambassador program and received many applications for the same. We are looking forward to onboarding a few more ambassadors. We invite bug bounty hunters and traders to find bugs in our platform.