MCDEX is the first fully-permissionless DEX for trading perpetual contracts that is capital-efficient with top market liquidity and up to 15x leverage. Our fully decentralized trading platform, powered by AMM, allows anyone to create a contract, which dramatically increases market diversification. Perpetual contracts are one of the most popular derivatives, as they have no expiration date, support margin trading, and the prices are soft-pegged to index prices. Now, with MCDEX, anyone can create and trade perpetual contracts in a fully permissionless fashion.
Total Users: 4918; Cummulative Volume: $6.83B; November Volume: $2.12B
Previously raised $7M from Delphi Ventures and Alameda Research along with $1M from our community with all the same terms applied.
Other participants in this round included Multicoin, Fenbushi Capital, Defiance, Incuba Alpha, D1 Ventures, Defi Alliance, NGC, IOSG, Zeuth, OKEx Blockdream Ventures, Horizon Capital, Bixin Ventures, Digital Renaissance Foundation, Mask Network, Shata Capital, Finlink, Plutus.vc, Magic Ventures, ZBS Capital, and Meltem Demirors.
https://mcdex.medium.com/mcdex-closes-7m-investment-962512f40c97
Permissionless feature, high capital efficiency, and composability.
<aside> 💥 MCDEX is already generating revenue!
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USD 2M