Understanding MCDEX's Decentralised Perpetual Contract With Jean Miao, Co-Founder of MCDEX - Ep.38

In this episode, Bobby Ong, co-founder of CoinGecko is joined by Jean Miao, co-founder of MCDEX. Bobby interviewed Jean on the background of MCDEX, the launching of MCDEX V3, as well as their upcoming plans for MCDEX.[00:00:38] Intro[00:02:40] What is MCDEX?[00:03:47] Differences between MCDEX V2 and V3[00:10:10] Fees on MCDEX[00:11:26] Maximum leverage on perpetual trades on MCDEX[00:14:42] How does liquidation work on MCDEX?[00:15:53] Why did MCDEX choose to launch on Arbitrum?[00:19:07] Differences between MCDEX V3 and Perpetual Protocol V2[00:26:21] Upcoming plans for MCDEX in the second half of 2021Quotes from the episode:“Our V3, the capital efficiency is about 1000 times better than our V2, which means the traders can enjoy lower slippage. And the LP can enjoy more features.” [00:05:14]“We do charge a liquidation penalty for the traders, and the penalty will basically go to the LPs for now. But this could be changed by the governance, that maybe parts of them will go to insurance funds.” [00:15:02]“We are also considering kicking up our own incubator program. Because we have many ideas that some products can build on top of us, but because we don't have enough developers to implement those ideas. ” [00:26:53]Watch the Podcast on YouTubeLinksMCDEX - https://mcdex.io/CoinGecko - https://www.coingecko.com/MCDEX (MCB) on CoinGecko - https://www.coingecko.com/en/coins/mcdexSocial MediaMCDEX:https://twitter.com/MonteCarloDEXhttps://t.me/McdexCoinGecko:https://twitter.com/coingeckohttps://t.me/coingecko