What Is Matrix-labs? (MATRIX) Complete Guide Review About Matrix-labs.

What Is Matrix-labs? (MATRIX) Complete Guide Review About Matrix-labs.

What Is Matrix-labs?

Matrix-labs Coin is a fully decentralized virtual-AMM-based perpetual futures trading protocol and a DEX aggregator deployed on the Polygon, Polkadot and the Cardano blockchain. Unlike traditional AMMs, Matrixswap offers leveraged trades for assets with guaranteed on-chain liquidity. Matrixswap’s DEX aggregator finds the best pricing for users when performing AMM spot trades and it allows traders execute single-to-multiple, multiple-to-single token swaps.

Matrixswap’s DEX aggregator also features an Emergency Nuke Button that allows users to convert all tokens into stable coin under one transaction. Matrix Labs is building an ecosystem of DeFi products that will interoperate to maximize returns while minimizing risks for users.

Matrix Lab’s products focus on capturing unaddressed demand in DeFi in an innovative and user-friendly way that is open to everyone. Matrix Labs is currently compromised of 3 core DeFi products – Matrixswap, MatrixPerp, and MatrixZap. All of these products will work synergistically together to provide a seamless DeFi experience for new & advanced users.

Matrix-labs Coin Storage Key Points

Coin BasicInformation
Coin NameMatrix-labs Coin
Short NameMATRIX
Circulating Supply
Total Supply100,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How does it work?

Matrix-labs For every trade made on MatrixPerp, the Perpetual trading exchange, a 0.05% fee is collected and used to purchase MATRIX tokens on the open market and sent to xMATRIX pool. Currently, this automated process is occurring every 24 hours. Your MATRIX token will be continuously compounding each and every single day when staked.

When you unstake, you will receive all of the originally deposited MATRIX and any additional rewards from the trading fees themselves. Additionally, the Matrix Labs team will provide you with an initial APR of 60% so you can start yielding more MATRIX tokens right from the start.

How to Set Up MetaMask?

Matrix-labs Coin can be downloaded on Chrome and Firefox, or on iOS and Android if you’re a mobile user. For the purposes of this tutorial, we’ll use the Firefox version, but the instructions will be more or less the same for every platform.Firstly, you’ll want to head over to the MetaMask Download page. From there, select whichever platform you’re using, and follow the steps to install it on your device. Easy!

How to Start Trading on MatrixPerp

As the name suggests, ‘beta’ implies this stage is mostly for testing purposes only. Users will be able to test trading via mock or test USDC. However, you still do need $MATIC in your account to pay for gas fees. Luckily, Polygon’s fees are very low.

Multiple chains. One decentralized exchange.

Matrix-labs MatrixSwap is currently available on four different chains – Polygon, BSC, Avalanche, and Fantom. Aggregating over $3billion in liquidity, you can now swap your favorite tokens within these four chains for the absolute best prices. Enjoy some unique features, too.

  • Multi Token Swaps
  • Emergency Nuke Button

Trade Perpetuals. Up to 25x Leverage.

Using the power of Virtual AMMs (vAMMs), derivatives traders can leverage their favorite assets on Polygon with perfect price execution, low fees, and fast transactions. MatrixPerp offers infinite on-chain liquidity and allows traders up to 25x leverage.

Instantly “Zap” Your Tokens With 1 Click

Matrix-labs Coin Another amazing feature within the suite of tools is “MatrixZap.” MatrixZap allows you to quickly “Zap” your tokens quickly into a Liquidity Pool that allows you to earn interest with specific APRs. You can also “Zap” out of your positions allowing you more freedom to do as you choose with your tokens.

Decentralized. Secured by Halborn.

They heard too many horror stories within this industry and that’s why they make the security of your funds the absolute priority. Trusted by industry leaders such as Avalanche, Terra Labs, Dapper, Phantom, and more, Matrix Labs’ products have been audited by Halborn Security.

Single Asset Staking

The Matrix-labs brand new Single Asset Staking feature on MatrixPerp allows your MATRIX tokens more earning power. You stake MATRIX for xMATRIX (xMATRIX represents your staked shares) which allows you a risk-free way to earn without having to worry about impermanent loss. If you currently hold the MATRIX token, the single Asset asset staking effectively allows you to grow your holdings and do more with MATRIX.

Governance

Considering Matrix Labs would still be at its early stage upon Mainnet launch, the Matrix Labs’ core contributors will spearhead the decision-making and execution of the project in order to ensure long-term growth. As the platform matures and they have a robust on-chain governance mechanism in place, the Matrix Labs’ core contributors will let the community govern decisions and executions.

During Matrix-labs Coin this period, they will still hear the community’s voice and factor in their interest for every step they take. Community feedback will be obtained from Telegram, Discord, and also through external voting platforms as and when needed.