What Is Maiar (MEX) ?
Maiar (MEX) Decentralized Exchange (DEX) is the Automated Market Maker (AMM), rearchitecting some of the key elements to build a product that can leverage the entire performance of the Elrond architecture, to offer global, near-instant, inexpensive transactions among an expanding suite of assets. The Maiar DEX will feature an Automated Market Maker (AMM) application, enabling seamless p2p exchange (actually a peer-to-contract: P2C) of native Elrond tokens without the need of maintaining an order book.
Maiar (MEX)You could think of an Automated Market Maker as a bot that’s always willing to quote you a price between two assets. These swaps instantaneously happen against assets that are pooled to provide liquidity. You can also provide liquidity in these pools and be rewarded based on their utilization. This allows essentially anyone to become a market maker on an exchange and earn fees for providing liquidity.
Maiar (MEX)An AMM relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm. This formula can vary with each protocol. For examaple, Maiar DEX uses the industry standard “x*y=k” constant product AMM model, which has proven its reliability in existing implementations, and has been formally modelled and verified. In this formula, k is a fixed constant, meaning the pool’s total liquidity always has to remain the same.
Maiar (MEX) Coin Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Maiar |
| Short Name | MEX |
| Circulating Supply | 4,353.77B MEX |
| Market Map | $1,280,629,615 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
DeFi Innovations Created for Internet-Scale
Maiar (MEX) Join the natural evolution of DeFi with powerful financial products
on a truly scalable architecture
For Traders
Maiar (MEX)Securely swap between crypto assets with extremely low slippage and minimal fees.
For Liquidity Providers
Maiar (MEX) Earn yield from transaction fees and liquidity incentives.
For Developers
Maiar (MEX)As a core DeFi building block, Maiar DEX can easily be integrated into your app.
Governance
Maiar (MEX) Decide the path for the future of financial services using the MEX governance token.
How To Guides
Maiar DeFi Wallet
Maiar (MEX) Simply click the appropriate button on the web extension pop-up and you can create or import multiple different wallets and connect to different networks, such as mainnet, testnet or devnet. You can securely swap between multiple wallets and sign messages or transfer funds, without having to login again.
Maiar App
Maiar (MEX) Scan a QR code with your Maiar App and connect your Maiar wallet to the exchange. Your Maiar app will then be used to sign all your actions on the exchange.
Ledger
Maiar (MEX) Use your Ledger hardware wallet to connect. You will be prompted to confirm actions taken on the exchange on your device.
Elrond Web Wallet
Maiar (MEX) You can login using a .JSON file + password. You will be prompted to login for every action.
Swap
- Log into the Maiar Exchange
- Select “Swap” from the top menu
- The swap interface presents you with a choice of original token and destination token
- Select the two tokens
- Enter the amount of original token you want swapped
- The amount of destination token will be automatically calculated based on its current price
- Select a slippage (default 0.5%)
- Click continue
- You will be asked to confirm 2 transactions (wrap EGLD, swap token), as per your login method -> confirm
- The 2 transactions will be sent and your new balances will be automatically updated, pending the transactions’ execution
Remove Liquidity
- Log into the Maiar Exchange
- Select “Liquidity” from the top menu
- Click on “My Liquidity”
- Expand the token pair you want to remove liquidity from
- Click “Remove”
- Select the amount of liquidity tokens you want removed.
- Select the Slippage (0.1% by default)
- The actual amount of tokens will be displayed below
- Click on “-Remove Liquidity”
- You will be asked to confirm 2 transactions*, as per your login method -> confirm
- The 2 transactions will be sent, your LP tokens will be burned and your new balances will be automatically updated, pending the transactions’ execution
Tip: you need LP Tokens to be able to remove liquidity. If your “My Liquidity” is empty, remove the LP tokens from the farm first.