MyTrade与KrystalAMA回顾

9月9日18:00，MyTrade合伙人DZ做客Krystal英文社区，接受Krystal英文社区加密资产爱好者的提问，以下是精彩内容回顾：

Q1: Please introduce yourself.

DZ：Hi everyone, I am DZ, a Canadian. I entered the crypto space during the last bull run in 2017. Prior to starting MyTrade, myself and a few cofounders incubated and invested in some crypto projects, and had a wide variety of businesses serving Centralized exchanges (CEXs). It's my pleasure to be here in the Krystal community introducing MyTrade.

Q2: What is MyTrade about in a few simple sentences?

DZ: MyTrade is a next generation decentralized exchange that looks and feels like a centralized exchange with a wide variety of quality tradable assets. Takers will get the best price, and Makers enjoy 0% trading fees.

MyTrade V2 can be deployed on all EVM-compatible chains and will be launching on Polygon soon.

Q3: There are already many DEXs out there, what makes MyTrade unique?

DZ: Sure, let me first briefly talk about the pain points of DEXs we have encountered. Order Book DEXs like IDEX have been around since 2017, but they suffer from poor trading depth and high slippage, resulting in poor user experience. AMMs like Uniswap V2 have become popular in 2020 because they have great trading depth (better than CEXs), but they have poor capital efficiency for LPs. Uniswap V3's innovations are focused on improving capital efficiency of Market Maker's through their Concentrated liquidity feature.

We have given a lot of thought to these DEX pain points when designing MyTrade. We have found a method to take the advantages of both Order Books and AMMs and leave behind the disadvantages. MyTrade V1 has developed a unique algorithm that precisely integrates liquidity from both order book and AMM pool. This integrated liquidity pool will always provide Takers with the best execution price by automatically matching orders from either the order book or the AMM pool.

Secondly, MyTrade V2 will feature a unique first of its kind 'Limit Order Mining' feature which will significantly increase professional Market Maker's capital efficiency.

These are our two core innovation pillars.

Q4: Besides the two core innovation pillars you mentioned, are there any other product highlights you can share?

DZ: We will be bootstrapping our initial liquidity on MyTrade V2 by routing trades to Quickswap (if there is no liquidity yet added on MyTrade V2). This way users will be able to enjoy a professional trading experience on MyTrade V2 with price charts, while also enjoying the trading depth of Quickswap. If you want to use the Limit Order feature, you can activate this feature and Order Book by adding liquidity to the AMM pool for that trading pair.

Next, due to the complexities of the algorithms and smart contracts introduced by MyTrade V2, MyTrade V2 will first launch a Beta version that features an experimental token eMYT first before MYT replaces it as the platforms token. This experimental phase with eMYT will last 1–2 months, and afterwards MyTrade V2 will smoothly transition to using MYT.

Lastly, MyTrade is a DEX that looks and feels like a centralized exchange, with a professional trading view and access to limit orders. We are bringing the centralized exchange user experience to DEXs.

All these features make us the Next Generation DEX of the future.

Q5: Can you tell us more about the current progress of MyTrade and can you share your roadmap?

DZ: We have already launched MyTrade V1 on HPB and HECO. MyTrade V2 Beta will launch on Polygon soon in September. We are happy to announce that we have received Polygon's Developer grant and are working closely with the Polygon team to build their global ecosystem. We are co-operating their developer network in China.

Furthermore, we are happy to announce that we have completed our seed investment round led by 4SV, LucidBlue Ventures, and Defi.Fund.

Q6: Where can our community find the MyTrade product and use it?

DZ: You can currently use our MyTrade V1 product (PC) on HECO and HPB below.

You can have a sneak peak of our private MyTrade V2 Alpha on Polygon below. We recommend holding off from trading for now until the Beta launch.

https://mytrade.org/

Mobile users can search ‘mytrade’ on a HECO supported wallet (Coinhub, Huobi Wallet, Token Pocket, Bitkeep, Hyperpay)

MyTrade V2 Beta will be launching on Polygon soon!

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编译者/作者：MyTrade

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