MDEX (MDX) is an automated market making (AMM) decentralised trading protocol. Launched in January 2021, it operates on the concept of fund pools and strives to provide a high-performance DEX ecosystem.
Essentially, MDEX users can increase their returns on the platform by using a dual-chain model of liquid and transaction mining. The model is based on the Ethereum network and the Huobi Ecological Chain (HECO), enabling it to offer considerably low fees and deep liquidity. This means users can swap currencies between Ethereum, HECO and BSC all through the MDEX bridge. MDEX also has a repurchase and burn program funded by it’s transaction fees.
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