Cryptomustar
Sunday, February 5, 2023
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Cryptomustar
No Result
View All Result
Home Press Release

Combination of MDEX and Alpaca Finance

by Press Release
September 28, 2021
in Press Release
0
Combination of MDEX and Alpaca Finance
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

MDEX, a well-known DEX on both HECO and BSC chain, announced its collaboration with Alpaca Finance, the largest lending protocol allowing leveraged yield farming on Binance Smart Chain recently, by which users from Alpaca Finance can benefit from farming liquidity pools with massive rewards on MDEX. The first rounds of pool integrations will take place on 30th September, 5th October and 7th October respectively.

This is a win-win collaboration for MDEX and Alpaca Finance. MDEX is the second-largest decentralized trading app in terms of TVL with a total lock-up asset of $2.3 billion (24th Sep 2021) and occupied the first for a long time a few months ago. Alpaca Finance is the largest lending protocol that attracts assets with a total amount of $1.41 billion (24th Sep 2021). MDEX and Alpaca Finance are two stars that have significant market shares in their respective sectors in the Defi space where DEX and leveraged yield farming protocol are naturally combinable. Alpaca Finance will generate more liquidity incentives for users, while the TVL on MDEX will increase to result in a better liquidity performance as multiple pools are integrated with leverage, and the asset exchange involved in several pools will become smoother and more cost-effective for traders.

RELATED POSTS

AI Smartchain Ecosystem : Ecosystem with various dApps that utilize AI technology and enhance successful solutions.

VOLT Sees Price Pump Following Latest Announcements; New ATH Getting Closer

In the announcement published by Alpaca Finance, it revealed the reasons for this collaboration which is MDEX is the second-largest DEX in terms of TVL and daily trading volume of hundreds of millions of dollars per day and the APR on MDEX are higher for most of the pools Alpaca Finance had added. As MDEX focuses on stablecoin asset pools, Alpaca Finance’s cooperation with MDEX will bring users higher annualized returns (APR). In particular, this integration will utilize the AUM of Alpaca Finance in all safe pools on MDEX and create larger buybacks, burns, and performance fees for ALPACA holders!

The existence of rich trading pairs is one of the reasons why MDEX has been at the top of the DEX sector for a long time. As Alpaca Finance mentioned, MDEX pays more attention to stable cryptocurrencies. In the liquidity farming pool list of MDEX, there are 19 pairs related to USDT, among which, 12 are top mainstream assets, including BTC (B), ETH, ADA, etc., What’s more, pairs related to BUSD are also rich enough to support the exchange between mainstream stable currencies such as USDT, BUSD, USDC, DAI and so on.

As mentioned above, the trading volume on MDEX ranks among the top of the DEX sector for a long time with the help of the trading mining mechanism by which the transaction fees for traders can be negligible.

In the fierce competitive environment where new products appear and disappear rapidly, MDEX keeps its initial intention in mind as a DEX, mitigating impermanent loss for liquidity providers, maintaining low slippage and transaction fees for traders and gradually becoming a decentralized autonomous organization (DAO) for the community to make the platform work more transparent and efficient.

Important Links – 

Official website link: Click Here

Alternative websites: Click Here and Click Here

Ann Channel: Click Here

Telegram Chinese: Click Here

Telegram English: Click Here

Telegram Russian: Click Here

Discord: Click Here

Twitter: Click Here

Medium: Click Here

Youtube: Click Here

Tags: Alpaca FinanceMdex
ShareTweetShare

Related Posts

AI Smartchain Ecosystem : Ecosystem with various dApps that utilize AI technology and enhance successful solutions.

AI Smartchain Ecosystem : Ecosystem with various dApps that utilize AI technology and enhance successful solutions.

by Press Release
February 4, 2023
0

AI Smart Chain Ecosystem, a project based on ETH blockchain, has launched its token $AISC, as its first step towards...

VOLT Sees Price Pump Following Latest Announcements; New ATH Getting Closer

VOLT Sees Price Pump Following Latest Announcements; New ATH Getting Closer

by Press Release
February 4, 2023
0

The token has seen a surge in activity on exchanges, reaching the top trends on Twitter and many of the...

Skills-profit – trade your format with premium and  advanced tools on the market.

Skills-profit – trade your format with premium and advanced tools on the market.

by Press Release
February 3, 2023
0

Skills-Profit.com, a leading trading platform created to support every trader, announces the launch of its automated brokerage services for traders...

A new ORIGIN for NFTs – Building confidence and trust in the market

A new ORIGIN for NFTs – Building confidence and trust in the market

by Press Release
February 3, 2023
0

Origin is launching its NFT marketplace and I hooked up with the Origin CEO to discuss the new site and...

MSBG 2023 Update: Meternet Secure Blockchain Grid Upgraded with Corda v4.1 to Better Service Decentralized Energy Grids

MSBG 2023 Update: Meternet Secure Blockchain Grid Upgraded with Corda v4.1 to Better Service Decentralized Energy Grids

by Press Release
February 3, 2023
0

MSBG Corporation has announced the retooling of its Meternet Secure Blockchain Grid solution to better service Decentralized Energy Grids with...

POPULAR NEWS

HyperEarn Officially Opens Its Token IDO

HyperEarn Officially Opens Its Token IDO

May 24, 2022

Voyage in Paradise announces Plastik Funk as its official partner and NFT Art sneak peek

June 11, 2022
BitMart Innovates with Exclusive “Vote to Earn” NFT

BitMart Innovates with Exclusive “Vote to Earn” NFT

September 21, 2022
EverCash is Taking BUSD Rewards to the Next Level

EverCash is Taking BUSD Rewards to the Next Level

March 17, 2022
Bitcoin futures ETF is available for trading on NYSE Arca, see how ZT shines in the ETF market

Bitcoin futures ETF is available for trading on NYSE Arca, see how ZT shines in the ETF market

October 25, 2021

EDITOR'S PICK

Zodia Custody Introduces Service to Protect Against Crypto Exchange Insolvency

Zodia Custody Introduces Service to Protect Against Crypto Exchange Insolvency

December 7, 2022
World Of Farms, A P2E Game Pushed into the Limelight Owing to its Strong Core Foundations

World Of Farms, A P2E Game Pushed into the Limelight Owing to its Strong Core Foundations

October 3, 2022
vEmpire DDAO Launches New Greek Mythology Experience in The Sandbox Alpha Season 3

vEmpire DDAO Launches New Greek Mythology Experience in The Sandbox Alpha Season 3

August 24, 2022
Mushrooms Club NFT (MCN) Announces Its NFT Project With A Business-Focused Community

Mushrooms Club NFT (MCN) Announces Its NFT Project With A Business-Focused Community

March 16, 2022

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation

Recent Posts

  • Bank of England and UK Treasury Supports ‘Digital Pound’ Project, Says UK is Likely To Need CBDC
  • AI Smartchain Ecosystem : Ecosystem with various dApps that utilize AI technology and enhance successful solutions.
  • X2Y2 Rallies as Core Team Refuses to Sell Unlocked Tokens
  • VOLT Sees Price Pump Following Latest Announcements; New ATH Getting Closer
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptomustar.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 cryptomustar.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • yfBetayfBeta(YFBETA)$4.27-0.10%
  • IDLEIDLE(IDLE)$1.44-12.39%
  • WPP TokenWPP Token(WPP)$0.006826-3.49%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Werewolf CoinWerewolf Coin(WWC)$0.098082-2.58%
  • PolkaBridgePolkaBridge(PBR)$0.439784-6.92%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • EvidenZEvidenZ(BCDT)$0.122949-3.85%