McDex operates a decentralized perpetual contract trading platform and has developed V3 of its protocol. V3 is currently on the Arbitrum Beta Net and is scheduled to be deployed to the Arbitrum Mainnet on May 28. The company closed a $7 million funding round whose proceeds will be deposited into the McDex DAO vault. Funds from the round will be used primarily to provide liquidity after the V3 mainnet launch. McDex has fully integrated the Farcaster protocol. The V3 release will be made available to users after deployment.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

May 2021