We are excited to announce that GeroWallet, Cardano’s first all-in-one decentralized finance (DeFi) wallet, will be integrated with Matrixswap, the home of decentralized perpetual swaps on Cardano!
Matrixswap is a Virtual Automated Market Maker, or vAMM. It’s a decentralized trading protocol like Uniswap (an Automated Market Maker), but the ability to trade synthetic assets opens the door for derivatives — in this case, perpetual swaps: users can indefinitely hold long or short positions (no strike dates!) in any asset, leveraged up to 25x. Matrixswap’s vAMM facilitates trading with infinite liquidity on the Cardano, Polkadot, and Polygon blockchains.
Matrixswap has already released the beta for a DEX Aggregator that provides swaps using SushiSwap, QuickSwap, Dfyn, Ape Swap, Polycat, and more within one clean interface. That’s the sort of commitment to the user experience we love to see, and we’re looking forward to the release of the beta for their Perpetual DEX, Matrixswap Perpetual v1.
Matrixswap is bringing derivatives to everyone from beginner users to advanced traders, and the GeroWallet team couldn’t be more proud to help.
Our users are our motivation. We are committed to building a dynamic environment for the advancement of blockchain by designing innovative, user-friendly tools for the DeFi community. Our promise is to continuously strive to provide accessibility to all through an intuitive user experience.
Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.