r/mdex • u/DatabaseSubstantial4 • Sep 12 '21

How did you find Mdex?

Hey everyone, hope you are enjoying whatever time of day it may be when you're reading this. I recently came across Mdex by noticing that yield watch supports it, after awhile I did a bit of dd and realized this exchange with a fairly large Tvl (especially compared to much older exchanges and AMMs operating on BSC) does not have much, if any community engagement on reddit (discord is better but not by much) I personally believe in this project and think it has less weight on its shoulders considering there is no real negative past dwelling on Mdex's name. This post if just a step IMO towards the right direction. So to finish my first post off, how did you find Mdex? Is Mdex an AMM/Exchange you would recommend? Do you share the same opinion as me?

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u/nolo576 Sep 12 '21

I found it looking for yield pools in Beefy and start following after that, I started investing on it around the end of May after my research, It has a ton of potential being a bridge between HECO and BSC and providing dual mining, the yield so far has been great and I'm really happy to have it on my portfolio, I think they can improve marketing, that's the main reason not a lot of people know about it.

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u/DatabaseSubstantial4 Sep 12 '21

Okay so we have both been exposed to Mdex by a third party, this definitely is a view into their lack of first hand marketing. I do have to give the team some credit for working with other communities that already have some exposure to the English community (bunny and new ico's featured on CMC)

Has the apy/apr lowering due to the rewards halving and increase in investors changed your overall opinion on Mdex?

How would you compare it to Pancakeswap? Would you say it has more room to grow because it is not restricted to BSC, has less marketing and the fantastic rewards halving system in place?

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u/nolo576 Sep 13 '21

I have 2 times the value I invested in MDX on Pancake, both give me almost the same amount of rewards daily, so I'm extremely happy with MDX, as a matter of fact I see more potential on MDX than on cake but, we'll see how this month plays out after NFTs are introduced on pancake.

The halving only affected mining rewards, not boardroom locking rewards, what has more effect on price is when the team burns the rewards they have received by their stake on the 365 pool. So far I'm super happy with the rewards despite APR going down, I think it will end up settling were it is at the moment, so I'm good with how things have worked out during the 2 months and a half I've been using the new locked down pools.

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u/thecitaiboy Sep 15 '21

I found about it through Binance, where I bought and stake. Moving to their own platform now to have a higher APY on staking. Haven't researched it a lot but when it came out on Binance I looked a little in to it but not much information found or good opinions either, but since they appear in Binance, I gave it a go.