EMDX partners with Matba Rofex

Published on: 11.04.2022

EMDX has entered into a partnership with Matba Rofex to work on the integration of the official Matba Rofex (MTR) Chainlink nodes on Avalanche network. By integrating the industry-leading decentralized oracle network, EMDX will have access to high-quality, tamper-proof price feeds needed to securely relay real-time asset prices to EMDX’s existent perpetual swap market, as well as all the derivative and structured products soon to come. The partnership’s future roadmap also includes the development of infrastructure for the next generation of regulated DeFi facilities, including oracles, staking, node operation, AMMs, and tokenization.

The EMDX decentralized application will consume market data and prices supplied by MTR Chainlink nodes and initially use them to reflect the spot price for some of the products listed on EMDX’s perpetual markets. Index prices are the bedrock for building robust and reliable perpetual swaps and derivatives markets in general. This is because most critical operations, including funding payments, liquidations, or settlements, require accurate price data during execution.

Since EMDX needs access to fresh asset prices that are supplied directly on-chain in a highly reliable manner, MTR’s Chainlink node will help secure EMDX’s index price mechanisms and help give accurate price references for perpetual swaps on a wide variety of assets.

“One of MTR’s strategic goals is to lead innovation in our industry — this means building market infrastructure for the future. As a regulated exchange, we have always provided unrestricted free real-time access to our market data. Becoming a node operator on the Chainlink Network allows us to extend this philosophy into the vibrant crypto space” said Ismael Caram from Matba Rofex Group.

About EMDX

EMDX is a decentralized derivative protocol that partners with leading TradFi operators to expand and boost the traditional assets and risk hedging tools. Available on the Fuji-C Avalanche Network. Learn more about EMDX by visiting emdx.io. To speak directly to one of the team members please visit us

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.