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Cryptocurrency Miscellaneous in Cryptocurrency . 2 months ago
MCFinance DEX (MCF DEX) will be a permissionless decentralized exchange (DEX) based on Ethereum, powered by Polygon’s scalability infrastructure.
Just like current leading DEXs, such as Uniswap and SushiSwap, anyone can trade any ERC20 tokens on MCF DEX. If an asset isn’t currently tradeable on the platform, users can list any ERC20 token by providing liquidity to enable instant asset swaps. They will then earn fees every time other users trade via that trading pair.
Liquidity providers will be incentivized by both yield farming and liquidity mining opportunities. Users who provide liquidity for trading pairs on MCF DEX will not only be entitled to 0.25% of the platform’s 0.3% transaction fees, but will also earn MCF DEX’s native MCF governance token for their participation on specific trading pairs.
Posted on 28 Oct 2024, this text provides information on Cryptocurrency related to Miscellaneous in Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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