MCDEX is a decentralized exchange (DEX) for futures built on the Ethereum layer-two scaling solution Arbitrum and Binance Smart Chain. It prioritizes censorship resistance, security, and self-custody. Trading is permissionless, and MCDEX uses an automated market maker for liquidity. The protocol aims to allow anyone to create perpetual markets and trade in them.

MCDEX was launched by Liu Jie, a former developer at Baidu. The current version, V3, is backed by investors like Delphi Digital, Alameda Research, and Multicoin Capital.

The V3 version of MCDEX offers excellent liquidity, low fees, and features like stop-loss and limit orders. It allows permissionless creation of markets, with operators setting initial parameters. Liquidity providers benefit from trading fees and other profits. Keepers and delegators play roles in account management and custody of trading strategies.

The total supply of MCB is 10 million, with a circulating supply of 2.2 million. A portion is vested to the team, advisors, and investors. Daily MCB issuance depends on the protocol's trading volume.

MCDEX has bug bounties and has been audited by Quantstamp and Certik. It is a DAO-governed protocol and operates on the Ethereum blockchain, which is secured by a proof-of-stake consensus mechanism. MCDEX also utilizes Arbitrum, a layer-two scaling solution.

MCB is available on BKEX, Uniswap (V3), PancakeSwap (V2), and LBank.