ErgoDEX and MatrixSwap partnership announcement
We are proud to announce our next strategic partnership with MatrixSwap! We love MatrixSwap’s vision of a cross-chain future and believe that there will be a lot of things we can learn from each other!
❓ What is MatrixSwap?
MatrixSwap is a decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano and Polygon [Ethereum Layer 2] blockchain. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. While most decentralized derivative trading platforms face liquidity concerns, the Matrixswap vAMM (virtual AMM) offers infinite on-chain liquidity.
MatrixSwap also offers a DEX aggregator that features multi-token swaps, allowing users to batch several tokens under one transaction.
MatrixSwap aims to be a fully community-owned and governed DeFi protocol in the long run.
🎯 Purpose of the partnership
The general purpose of our partnership is collaborative research and ensuring a continuous exchange of knowledge in terms of cross-chain technologies. We believe that the joint work of two teams with similar principles and values will generate breakthrough ideas in this innovative field.
We also agreed to complete the exchange of tokens in order to provide initial liquidity both within the ErgoDex protocol and for the MatrixSwap aggregator. Trading pairs with the $MATRIX token will become available for swap after the release of ErgoDex on the Cardano network.