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Wiretap Wednesday: Decentralized Perp Trading Challenge ($32K in 3hrs testnet)
McDEX is releasing their v3 with an innovative take on DEX trading. The combined Order Book and AMM blends two popular order-routing solutions for an optimized fill price.
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This was a doozy. First off McDEX is setting the bar high when it comes to Decentralized Exchanges. Here’s a quick primer for the video below.
Most DEX’s offer an AMM solution. They use an algorithm to match traders with liquidity providers who provide a counterparty for traders.
Most Centralized Exchanges use offer an orderbook. Traders place their orders and fill trades when buyers and sellers overlap at a price.
These are two different approaches to the same problems. Slippage and Liquidity.
McDEX takes the best of both worlds and remains decentralized the entire way.
Watch the DeFi Slate team try out the new v3 on Testnet.
⚠️ PSA: Leverage trading isn’t for the weak. You will get rekt.
🙏 Big Ups To Our Great Sponsor Aave: Earn Interest & Leverage Your Assets with Aave, a non-custodial money market protocol leading the #DeFi charge.
Quick Flip. Watch a trade from open to close on the new McDEX v3
You know what they say…not your keys, not your coins ;)
⚠️ DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. At certain points throughout this post, we might get commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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