by MDEX Foundation
Quick Fact
MDEX combines automated market-making with a dual mining mechanism, allowing users to earn rewards through both liquidity provision and transaction mining across multiple blockchains.
MDEX is a decentralized exchange (DEX) that integrates automated market-making (AMM) with a dual mining mechanism, operating across HECO, BNB Chain, and Ethereum. Launched in January 2021, MDEX offers users efficient and low-cost trading, yield farming opportunities, and governance participation through its native token, MDX.
MDEX's dual mining mechanism rewards users for both providing liquidity and executing trades, enhancing user engagement and platform liquidity. Its cross-chain capabilities enable seamless asset transfers and trading across HECO, BNB Chain, and Ethereum, broadening access to diverse assets and user bases.
Holders of the MDX token can participate in the platform's governance, influencing decisions on protocol upgrades and development initiatives. MDEX's commitment to community-driven growth fosters an inclusive DeFi ecosystem, encouraging innovation and user involvement.