We are thrilled to announce that, following the successful approval of the community proposal on the Governance System, EMDX has added perpetual swaps on ARS/USDC to its market.
Beginning today, September 7th, 2022, at 5 p.m. UTC, users can trade perpetual swaps on ARS/USDC, on the EMDX platform.
The Argentine Peso (ARS) is one of the world’s most volatile currencies, having lost nearly 99% of its value against the US dollar over the past years. Argentine citizens do not have an easy way to protect their wealth from devaluation, so EMDX addresses this lack of solutions, by providing them with a new tool to secure their capital by hedging ARS/USDC in a simple and decentralized way without the use of financial broker-dealers as intermediaries.
Through a technological partnership with MatbaRofex, one of the world’s leading futures and options exchange, EMDX worked on the integration of the official MatbaRofex (MTR) Chainlink nodes on the Avalanche Network, gaining access to high-quality, tamper-proof price feeds required to securely relay real-time and accurate price references for perpetual swaps.
By adding this new product, EMDX is also creating a Web3 version of FX derivatives on LATAM, opening up a universe of opportunities for retail investors and financial players in Emerging Markets to enjoy tools for easily hedging while allowing those in developed countries to freely gain exposure in these types of assets.
Start trading now: https://app.emdx.io
About EMDX
EMDX is a decentralized derivative protocol with an in-house spot market, expanding risk hedging tools for traditional assets into the DeFi environment and allowing token listing “on demand” with “liquidity as a service” from the start.
