dForce Partners with MCDEX
dForce is pleased to announce its partnership with MCDEX to power DeFi perpetual trading by launching a USX pool, initially supporting perpetual contracts of BTC, ETH, as well as BNB.
Users can either trade perpetual contracts & settle in $USX for up to 15x leverage & receive MCB mining rewards, or providing liquidity to the $USX pool on MCDEX to earn trading fee starting from 8am, UTC+8, 18 October.
As the first decentralized and non-fiat stablecoin supporting perpetual trading, USX will help dForce tap into derivative market, the largest trading segment (over hundred times the size of spot trading) within crypto spectrum. It will also bring dForceDAO additional protocol revenue in the format of trading fee and further expand the adoption of USX in non-lending use cases.
Compared to other stablecoins, USX, as dForce’s native stablecoin with yield-carrying collaterals, boasts many un-matched benefits to MCDEX users:
- Unlock Multi-Collateral Solutions to MCDEX.
- Huge Capital Efficiency Improvement
- Yield Assets Bridge
About MCDEX
MCDEX (Monte Carlo Decentralized Exchange) is a decentralized crypto derivatives trading platform supported by Mai Protocol.
About dForce
dForce is an integrated and interoperable platform of opening finance protocols, covering lending, assets and trading.
SOURCE:
https://medium.com/dforcenet/dforce-partners-with-mcdex-to-power-defi-perpetual-trading-a9392f13e5b9
