Matrixswap partners with Kylin Network

Kylin Network is extremely pleased to add yet another DeData ecosystem partner: Matrixswap!

What does Matrixswap Do?

Matrixswap is a decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and Cardano blockchain. 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, Matrixswap’s vAMM offers infinite on-chain liquidity.

What will we do together?

  1. Kylin’s innovative system provides an opportunity to access multiple, real-time sources of information with complementary data from off-chain workers which can be used in various ways like to identify fraud or improve machine learning accuracy by adding human intelligence on top of statistical algorithms.
  2. Kylin’s oracle data allows for more transparency and precise data feeds for Matrixswap’s Virtual AMM futures market where traders rely heavily on accurate price feeds for funding rate calculations. Matrixswap understands the importance of receiving accurate index pricing on assets and has already begun the process to implement and utilize Kylin’s Oracle to further enhance its platform.
  3. Matrixswap’s strategic partnership with Kylin will continue to foster more innovations and improve user experience as well as set the bar for other protocols to improve efficiency among online marketplaces well as increase their profits while decreasing unnecessary transactional costs for users.

About Kylin Network

Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.

Contact Kylin Network

About Matrixswap

Matrixswap is a decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and Cardano blockchain. 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, Matrixswap’s vAMM offers infinite on-chain liquidity.

Contact Matrixswap

Building a Cross-chain Platform Powering the Data Economy on Polkadot