MCDEX Integrates The Graph
MCDEX integrates The Graph to secure open data indexing & query support for trading activities.
The Graph adds immense value for our development and operation productivity through query support using GraphQL and subgraphs. Subgraphs are open APIs that provide access to on-chain data.
The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It makes it possible to query data that is difficult to query directly. With a hosted service that indexes blockchain data. These indexes (“subgraphs”) can then be queried with a standard GraphQL API. In the future, the hosted service will evolve into a fully decentralized protocol with the same capabilities. Both are backed by the open-source implementation of Graph Node.
What is The Graph?
The Graph is the indexing and query layer of the decentralized web. Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from Ethereum, IPFS, and PoA with more networks coming soon. To date, over 10,000 subgraphs have been deployed by ~18,000 developers for applications, such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, Decentraland, and many others.
What is MCDEX?
Mai Protocol V3 designed by MCDEX is an AMM-based decentralized perpetual swap protocol. Perpetual swap is one of the most popular derivatives that has no expiration date, supports margin trading, and has its price soft pegged to index price. We have designed an AMM specially for perpetual trading and it is able to reach 1000x Uniswap’s constant product formula capital efficiency. Furthermore, anyone can create their own perpetual market with the price feed of the underlying asset and choose any ERC20 as collateral. Especially, certain real-world markets are encouraged and will potentially be incentivized on MCDEX V3. Please check out the BigMac Program for specific info. At last, anyone can trade perpetual swaps permissionlessly. Traders’ assets are in the smart contract in a noncustodial way and the process of trading is conducted on-chain completely.
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