Mainnet Ahoy!
After a ton of hard work, we are excited to announce our mainnet launch coming June 24th.
Get a head start on MPX! You can claim your MKT tokens and make your first trade before our official launch with market makers.
Our First Product
Soon you will be able to buy or sell bitcoin (as an ERC-20 token) on the Ethereum blockchain with our first product, BTC/DAI!
Shorting or going long BTC/DAI is as simple as buying any other ERC-20 token. You store them where you want. All collateral is held in a smart contract, we do not control your funds and settlement happens on chain. Safe leverage is built in, so you can do more with less capital!
In the next couple of weeks our liquidity providers will come online, allowing us to provide a robust trading experience at launch on June 24th.
Overview of MARKET Protocol
Our BTC/DAI tokens are powered by MARKET Protocol, which enables users to mint tokenized assets like NASDAQ shares, a crypto VIX, or even leveraged derivatives like 2x BTC Short — all as tokens.
It is built using smart contracts which enforce token rules that ensure there is no counterparty risk. Our protocol never auto-deleverages, socializes losses or changes the contract rules.
We’re changing the way you trade:
- Synthetic price exposure. Derive value from cross-chain or off-chain assets
- SAFE leverage. The same price exposure with less collateral
- Long or short positions. No need to borrow or use margin
- No margin calls, socialized losses or capital calls
- Loss potential is capped and known ahead of time
- No forced liquidations or market blowouts
- Decentralized. Collateral and settlement on chain
Tokens minted using MARKET Protocol are called Position Tokens. They are ERC-20 tokens that track the price of any traditional or crypto asset, allowing any exchange or application to easily add new asset classes and products for users to trade. Position Tokens can represent either long and short exposure, tracking the value of a reference asset in either direction.
On June 24th, we are launching a minting platform where traders can mint Position Tokens by depositing collateral into MARKET Protocol smart contracts.
BTC/DAI is just the beginning. In the future, we will launch more crypto to crypto pairs and also off-chain assets.
In the next two weeks, we will share more information leading up to our launch:
- Pricing
- Trading
- Minting & Redemption (coming soon!)
- Expiration & Settlement
- The MKT Token & Rewards
- Leverage
Stay tuned by subscribing to our newsletter and joining our Telegram channel.
If you are interested in listing Position Tokens or making markets, send us an email at partnerships@marketprotocol.io.
