MyTrade Core Innovations

MyTrade's core unique innovations are Integrated Liquidity and Limit Order Mining.

Integrated Liquidity

MyTrade has been able to precisely integrate the liquidity from both order book and AMM pool on chain. They have coined a new term called "Integrated Liquidity" to describe this. The easiest way to understand this is that the "gaps" between positions on the Order Book are being filled by the AMM liquidity. Thus, MyTrade's algorithms will always provides Takers with the best execution price compared to any other DEXs or CEXs.

Integrated liquidity offers traders with better trading depth and less slippage, which saves costs!

Integrated Liquidity Example

Increasing Market Maker's Capital Efficiency

MyTrade V2 introduces a new concept of Limit Order Mining. This feature is designed to incentive Makers with platform tokens (MYT) to build up trading depth around the current market price.

Professional Market Makers are able to use this feature to repeatedly place limit orders near the current market price, after their orders are taken, they can immediately hedge from other AMM pools on the same chain. Continuously repeating this process leads to dramatically increased capital efficiency.

Uniswap V2 LPs (and their clones) provide capital through the price range of 0 to ∞. This is very inefficient as most tokens trade within a much narrower price range. Uniswap V3's innovations aim to solve this low capital efficiency problem by allowing LPs to customize the price range they provide capital to. This results in better capital efficiency for LPs.

MyTrade V2 offers an alternative solution to improve Market Maker's capital efficiency. With Limit Order Mining, Market Makers are only providing capital very close to the current market price. All their capital is being 'utilized' as their orders are constantly being taken on the order book.

The above diagram compares DEX Capital Efficiency amongst Uniswap V2, V3, and MyTrade V2. Uniswap V2 has the lowest capital efficiency as capital is spread out over a wider price range. Uniswap V3 improves upon Uniswap V2, allowing capital to be deployed within a more narrow price range. MyTrade V2 allows capital to only be deployed around a very narrow range near the current market price, leading to the highest capital efficiency.