Matrix Labs (MATRIX)

Matrix Labs (MATRIX) Price

This cryptocurrency is not listed for trading or services on Gate.

$0.000452
+$0.000023(+5.43%)

Market Cap

$15.34K

24h High

$0.000452

24h Low

$0.000452

24h Turnover

$1.19

Total Supply

100.00M

Market Sentiment

Neutral

About Matrix Labs (MATRIX)

Matrix Labs is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. While most decentralized derivative trading platforms face liquidity concerns, the Matrixswap vAMM offers infinite on-chain liquidity. A funding rate mechanism is incorporated to ensure MarkPrice closely tracks IndexPrice. Matrix Labs aims to be a fully community-owned and governed Defi protocol in the long run.FeaturesWhile most decentralized derivative trading platforms face liquidity concerns, Matrix Labs vAMM offers trades with up to25x leveragewithinfiniteon-chain liquidity.100% on-chain and 100% non-custodial trading.By interacting with Matrix Labs’s vAMM smart contracts, users can gain exposure to derivatives foranyassets on the market.Matrix Labs aims to deploy on two major blockchains:Polkadot and Cardano. By leveraging cross-chain bridges, Matrixswap aims to unlock liquidity from different blockchain networks thereby empowering traders with maximum capital efficiency.Matrix Labs provides users anEmergency Nuke Button(DEX aggregator) that allows users to convert multiple (or all) tokens into one single asset under one transaction. This is made possible by the nature of the underlying blockchain (low fees, high throughput) and shared liquidity amongst DEXs.The Matrix Labs platform utility and governance token MATRIX is built with adeflationary economic design. 50% of the platform trading fees will be allocated towardstoken buyback burnin order to offset rewards token emission.Perpetual SwapsPerpetual Swaps are cryptocurrency derivatives that enable traders to speculate on the valuation of specific underlying assets. Perpetual contracts have two key features:(i) There are no expiry dates on contracts. Contracts are effective until traders close their positions.(ii) The underlying asset itself is never traded, there

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