By
Kseniia Klichova
October 3rd, 2023
With innovative features, a unique vAMM, and cross-chain liquidity, Matrixswap’s community-first trading platform brings decentralized perpetual swap contracts to DeFi.
Traditional automated market makers (AMMs) proved beneficial with the onset of decentralized finance (DeFi) but as things progressed, better alternatives were created. Enter Matrixswap. With cross-chain functionality, immediate listings, and zero volume limitations due to its virtual automated market maker (vAMM), perpetual swaps trading in DeFi will never be the same.
Matrixswap is working to push the limits of what’s possible in DeFi. Let’s take a look at how it’s doing that.
Issues with in the Current DeFi Trading Landscape
Crypto trading platforms have played an integral role not only in the adoption of cryptocurrency but have also enabled users to expand their portfolios and move away from the tight controls of centralized finance. However, despite these benefits, there are several drawbacks to existing CEXs and common DEXs. For example, users miss out on huge trading opportunities because of the absence of specific altcoins, and trading volume on DEXs is often limited by liquidity pools.
Volatility in the market is an inevitable part of the crypto and may cause users to want to switch all of their assets to stable coins or a single asset. But right now, there’s no platform that enables them to do so. The last issue is that users frequently get stuck on one blockchain and end up paying high gas fees when executing trades.
Matrixswap is the solution to all of these. Let’s take a look at how Matrixswap is not only enhancing but also improving asset trading in DeFi.
Launching New Markets
Getting your hands on new tokens can be frustrating, as many CEXs wait to list them or often don’t due to reasons beyond our understanding. Matrixswap, on the other hand, helps launch new markets for various tokens via DAO that fit certain criteria while also ensuring that there are users trading these pairs.
Powerful DEX Aggregator
Matrixswap’s DEX aggregator, Nebuchadnezzar, also known as an Emergency Nuke Button, connects with high-volume AMMs operating on the Polkadot, Polygon, and Cardano networks. Nebuchadnezzar aims to provide traders the ability to swap multiple tokens into a single asset under one transaction. Want to exit multiple positions in a single transaction? Nebuchadnezzar can do that thanks to low fees, high throughput, and shared liquidity amongst AMMs on the blockchains it operates.
Virtual Automatic Market Maker
Matrixswap utilizes a variation of the constant product formula “X*Y=K,” where its platform takes the K value and places it into its virtual AMM within a smart contract. This allows users to take positions out of these virtual AMMs. Essentially, users are betting on their own collateral, which is why Matrixswap doesn’t need liquidity providers and isn’t restricted by liquidity pools. Matrixswap’s vAMM allows the platform to operate with infinite liquidity with zero impermanent loss for stakeholders.
Cross-chain Bridges
One blockchain is great, but several are better. That’s why Matrixswap features cross-chain bridges in its ecosystem, which allow users to bring assets from Ethereum to Cardano, Polkadot, Polygon, and back. Matrixswap believes that users should be able to execute trades with unlocked liquidity and without the limit of gas fees.
Matrixswap has a lot of exciting developments in the pipeline, so follow them on social media to stay up to date with all upcoming announcements.
About Matrixswap
Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot, Cardano, and Polygon blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a DeFi protocol that is fully owned and governed by its community.
