Introducing Single Asset Staking Feature on MatrixPerp!

As we’ve just released our much anticipated MatrixPerp mainnet on Polygon, we’d also like to announce our next most wanted feature, Single Asset Staking.

Single Asset Staking

The brand new Single Asset Staking feature on MatrixPerp allows your MATRIX tokens more earning power. You stake MATRIX for xMATRIX (xMATRIX represents your staked shares) which allows you a risk-free way to earn without having to worry about impermanent loss. If you currently hold the MATRIX token, the single Asset asset staking effectively allows you to grow your holdings and do more with MATRIX.

How does it work?

For every trade made on MatrixPerp, our Perpetual trading exchange, a 0.05% fee is collected and used to purchase MATRIX tokens on the open market and sent to xMATRIX pool. Currently, this automated process is occurring every 24 hours. Your MATRIX token will be continuously compounding each and every single day when staked.

When you unstake, you will receive all of the originally deposited MATRIX and any additional rewards from the trading fees themselves.

Additionally, the Matrix Labs team will provide you with an initial APR of 60% so you can start yielding more MATRIX tokens right from the start.

Quick Start Tutorial

About Matrix Labs

Matrix Labs is building an ecosystem of DeFi products that will interoperate to maximize returns while minimizing risks for users. Matrix Lab’s products focus on capturing unaddressed demand in DeFi in an innovative and user-friendly way that is open to everyone.

Trade Perpetuals Using MatrixPerp

MatrixPerp is finally live on Mainnet! With high throughput, fast transactions, and minimal slippage, you can now long or short assets on a decentralized exchange.

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Use Matrixswap on Polygon, BSC, Avalanche, & Fantom

Matrixswap, our DEX Aggregator, is now LIVE on four different chains — Polygon, BSC (Binance Smart Chain), Avalanche, & Fantom. Trade all of your favorite assets within these three chains and enjoy the unique features Matrixswap has to offer.

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