MDEX.com is holding an AMA session on BSC Daily today, details as follows:
Date: April 12th (Monday) ,
Time: 12PM UTC
Where: On Telegram - t.me/bsc_daily
Send in your questions to win $50 BUSD!
Other exciting updates include:
• On April 9, 2021, MDex officially integrated with BINANCE Smart Chain (BSC). More than half a million USD Total Value Locked (TVL) flowed in 5 seconds after the announcement. An hour later, MDex boasted USD 1.3 billion TVL, which continued climbing up to USD 1.5 billion, surpassing its 2-hour trading volume of USD 268 million. Latest update, figures stand at USD 4.3 billion TVL and over USD 4.7 billion in trading volume!
This news is huge, as it gives a glimpse into what trends and goals are currently at the forefront of the DeFi (decentralized finance) DeX (decentralized exchange) space.
MDex, a leading DeX, has shown the market potential that lies in cross-chain integration and inter-operability.
• However, MDEX has announced that this is still the first step in a comprehensive, multi-chain deployment across public chains. The grand plan is to achieve multi-asset interoperability amongst Heco, BSC, OKexChain, the Layer-2 network of Ethereum and Polkadot etc.
More info here: https://techbullion.com/dex-leader-mdex-says-binance-smart-chain-is-first-step-in-multi-chain-expansion/
MDEX now successfully supports the decentralized cross-chain protocols of both BSC and Heco, enabling efficient cross-chain interoperability in asset services such as liquidity mining, single token staking and transaction mining.
• With Ethereum 2.0 is coming out soon, MDex hopes to continue its vision of multi-chain expansion, eventually integrating ETH 2.0 and OKexChain.
• MDEX anticipates that multi-chain interoperability can yield the following :
- Massive increases in user base and trading volumes.
- Improved user experience and convenience on its trading platform because of interoperability with all the mainstream DeFi chains.
- More opportunities for projects to profit from the exchange of multi-chain assets.
- More DeFi mining opportunities on the MDEX platform for investors, especially retail investors.
- Attract and facilitate large funds from big investors and financial institutions to mine.
- Increase the value of MDX for token holders.
- Improve the development of the entire DeFi ecosystem by virtue of its multi-chain initiatives which will impact not only the projects and users but also the other DEXes who will likely follow suit.
• The integration with BSC has already produced remarkable results for MDEX. Besides the impressive TVL amounts and trading volume increases mentioned earlier in this article, the liquidity pool rewards are also notable with very high APYs.
The MDX/WBNB pair is earning 1.795% APY, MDX/BUSD pair is earning 1,672% APY and the list goes on. Single token staking is also earning high APYs such as 241% for EPS, 117% for CAKE, 112% for HMDX and so on.
For more info about MDEX, visit the official website: https://mdex.com/#/
MDEX official channels:
Twitter: https://twitter.com/Mdextech
English Telegram: https://t.me/MdexEN
Chinese Telegram: https://t.me/MixDex
Medium: https://mdex.medium.com/
