Matrix Labs

Matrixswap Community Update #1 — IDO, Liquidity Mining Program, Partnerships, and More

Welcome to Matrixswap’s first monthly update!

The month of September has been an exhilarating and fulfilling month for us here at Matrixswap. From our IDO to launching our Liquidity Mining Program, to multiple partnerships, a lot has happened! First things first, we want to start by telling you how grateful we are for the Matrixswap community’s continued support, positive energy, and excitement for what’s to come.

September Highlights -

  1. Matrixswap closed a private round of funding for $1.25m with strategic investors such as X21 Digital, SkyVision Capital, PetRock Capital, and more.
  2. Matrixswap launched a successful IDO on Cardstarter with 17x at all time high and over $20m in trading volume at launch post listing on Uniswap.
  3. Bridged MATRIX tokens to Polygon for better gas fees and speed of transactions.
  4. Partnered and launched a Liquidity Mining Program with with an ETH/MATRIX pool delivering MATRIX token rewards.
  5. Strategic Partnerships with two phenomenal Cardano projects, Charli3 & MELD

Matrixswap IDO on Cardstarter

The month began with a successful IDO on Cardstarter, signifying a milestone for Matrixswap’s mission for bringing a decentralized exchange focused on trading perpetual futures with up to 25x leverage.

We’d like to give a huge thank you to everyone who has participated in the IDO itself or participated in regular trading after we were listed on Uniswap the following day.

Matrixswap Liquidity Mining Program

Following our IDO and listing on Uniswap, we announced our strategic partnership with Dfyn, one of the fastest-growing AMMs on the Polygon network. At Matrixswap, we believe in the power of community, that’s why we want to get the $MATRIX distributed to more individuals across communities

The first phase of the liquidity mining program allows users to provide the liquidity pair of MATRIX/ETH and earn $MATRIX tokens as rewards. The liquidity pool has a daily reward of 15,000 $MATRIX tokens.

Stay tuned for the second phase.

Charli3 & MELD Partnerships

We have also announced Strategic Partnerships with two amazing Cardano projects, Charli3 and MELD.

As we move beyond our IDO and become the first perpetual swaps platform for the Cardano blockchain, connecting with some of the best in the Cardano ecosystem is an absolute priority.

As the premier decentralized oracle for Cardano, Charli3 will provide accurate and trusted price data services to our perpetual swap trading platform so that traders can know where the index market is headed at all times.

We are also proud to team up with MELD Labs, a decentralized non-custodial lending protocol built on Cardano.

Matrxiswap and MELD are aligning objectives when it comes to the growth of DeFi on both Cardano and Polygon. Working together, we will support each other’s tokens as primitives and coordinate composable functionality between our protocols.

Development Updates

Matrixswap is working hard behind the scenes to BUIDL an amazing trading platform for users all around the world.

This starts with our initial product, The Nebuchadnezzar (our DEX aggregator), on Polygon. The Nebuchadnezzar will be connected to high-volume AMMs on Polygon such as SushiSwap, QuickSwap, and Dfyn DEXs. Our users now have even more liquidity when swapping multiple tokens into one single asset in one quick transaction.

Stay tuned for a Public Beta and get first access to start trading using our DEX Aggregator soon.

That’s it for our September Update — feel free to follow us on all of our social platforms here.

Monthly Community Calls

We’ve also held our first Community Call on October 2nd. And yes, this will be a monthly occurrence to keep the community informed about Matrixswap and what lies ahead.

We believe that transparency is key to growing a fruitful and meaningful project within the crypto space.

You can catch the recap of the 1st Community Call here.

About Matrixswap ($MATRIX)

Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.

Follow Matrixswap For Latest Updates

Website | Twitter |Telegram|Telegram Announcement Channel| Discord

Redefining What’s Possible in Decentralized Finance