Mdex announces partnership with Alpaa Finance

Mdex announces partnership with Alpaa Finance

[press release - October 5, 2021]

mdex , the second largest decentralized trade app (Dex) from TVL, with a total assets of 2.3 billion USAs at the time of writing, would like to Latest cooperation with Alpaca Finance, one of the most successful, one step further extensive defi protocols that offer loan services.

MDex is facing another milestone, since the well -known Dex announces a new collaboration with Alpaa Finance, one of the best -known credit protocols.

The cooperation between Mdex with Alpaa Finance is important in many ways. MDEX has a daily trade volume in the millions and a much higher effective annual interest rate than most pools that Alpaca Finance has added over the years. In addition, Alpaa Finance hopes that the partnership with MDEX will offer its customers much higher effective annual interest. Mdex would use the AUM of AlpaCa Finance in the context of this collaboration in all secure pools, which would lead to larger return purchases, burns and performance fees for alpaca holders.

Both MDEX and Alpaca have significant market shares in the defi sector. With this newly founded partnership, Alpaca will continue to grow by offering users new liquidity incentives. At the same time, Mdex can recapture his first place as the largest decentralized trading app and work more efficiently and smoothly.

Both Alpaa Finance and Mdex benefit from this collaboration. One of the reasons why Mdex is at the top of the Dex sector for so long is the existence of rich retailers, which was also an important factor in the decision of Alpaca.

The first round of pool integrations will take place on September 30th, October 5th and October 7th.

about Mdex

mdex continues to set a high standard for the next generation Dexs. Mdex has managed to be one step ahead of the competition by reducing temporary losses, keeping the slippage and transaction fees low and gradually passing over to a more active user government. With this new partnership with Alpaca Finance, you don't want to leave the tip so quickly. Instead, they show consistency with their aim of offering dealers a fantastic user experience and accelerating the growth of Defi.