[PRESS RELEASE – October 5, 2021]
MDEX, TVL’s second largest decentralized trading (DEX) application, with total locked assets of $2.3 billion at the time of writing, is looking to take it a step further with this latest collaboration with Alpaca Finance, one of the leading DeFi protocols that offer lending services.
MDEX is on the cusp of another milestone, as well-known DEX announced a new collaboration with Alpaca Finance, one of the most prominent lending protocols.
MDEX’s collaboration with Alpaca Finance is significant in a variety of ways. MDEX has a daily trading volume of millions of dollars and an APR that is much higher than most pools that Alpaca Finance has added over the years. Furthermore, Alpaca Finance hopes the partnership with MDEX will offer significantly higher APRs to its clients. MDEX will use Alpaca Finance’s managed assets across all secure pools as part of this collaboration, resulting in more buybacks, burns and significant performance fees for alpaca holders.
Both MDEX and Alpaca have significant market shares in the DeFi segment. With this newly formed partnership, Alpaca will grow even further by providing new liquidity incentives to users. At the same time, MDEX may regain its first place as the largest decentralized trading application and operate more efficiently and smoothly.
Alpaca Finance and MDEX both benefit from this collaboration. One of the reasons MDEX has been at the fore in the DEX sector for so long is the presence of rich trading pairs, which was also an important factor in Alpaca’s decision to partner with MDEX.
The first round of pool integration will take place on September 30, October 5 and October 7, respectively.
About MDEX
MDEX, as a leading decentralized exchange, continues to set high standards for the next generation of DEXes. MDEX has been able to stay ahead of the competition by mitigating non-permanent losses, keeping slippage and transaction fees low, and gradually moving to a more proactive user governance model. With this new partnership with Alpaca Finance, they don’t intend to leave the top any time soon. Instead, they show consistency with their goal of providing traders with a great user experience and accelerating the growth of DeFi.
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