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| Marginswap 
| #MFI
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| MFI Price: | $0.026 | | Volume: | $272 | | All Time High: | $3.85 | | Market Cap: | $185.3 K |
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| Circulating Supply: | 7,052,148 |
| Exchanges: | 1+
| | Total Supply: | 10,000,000 |
| Markets: | 1+
| | Max Supply: | 10,000,000 |
| Pairs: | 5
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The last known price of #MFI is $0.026 USD.
 Please note that the price of #MFI was last updated over 340 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #MFI statistics should be considered as 'last known value'.
The lowest MFI price for this period was $0, the highest was $0.026, and the exact last price of MFI was $0.02627.
The all-time high MFI coin price was $3.85.
Use our custom price calculator to see the hypothetical price of MFI with market cap of BTC or other crypto coins. |
The code for Marginswap crypto currency is #MFI.
Marginswap is 3.2 years old. |
The current market capitalization for Marginswap is $185,278.
Marginswap is ranking downwards to #1808, by market cap (and other factors). |
There is a weak daily trading volume on #MFI.
Today's 24-hour trading volume across all exchanges for Marginswap is $272. |
The circulating supply of MFI is 7,052,148 coins, which is 71% of the maximum coin supply.
Note the limited supply of Marginswap coins which adds to rarity of this cryptocurrency and increases perceived market value. |
| Note that there are multiple coins that share the code #MFI, and you can view them on our MFI disambiguation page. |
Marginswap $300k Lending and Trading Incentive on Avalanche
Marginswap has been experiencing increased demand for lending from traders on the platform. With less than 500.000 in TVL on Avalanche, assets like PNG and USDT.e have experienced interest rate swing of up to 260%. In order to turbocharge the next stage of growth on Avalanche, Marginswap will be distributing a total of 200.000 MFI, currently valued at $330.000 to lenders and margin traders. — Reward for Lenders. — Lenders for the token PNG, AVAX, USDT, and WETH will accrue MFI rewards, payable when a withdrawal of any amount of lending for the particular token is made. — Lending Incentives is scheduled to begin at 15:00 UTC on the 28th of Aug.. — — Reward for Traders. — Traders pay a total of 0.4% for trades made on the margin side of the platform. 0.3% to AMM liquidity providers and 0.1% to Marginswap. Traders will be able to claim up to a total of 110% on the 0.1% fee paid to Marginswap. The total fees paid by traders will be calculated 2x a month, after which the MFI reward can be claimed. — PS:. — Our lending contract has been switched to support the distribution of MFI to lenders! So please migrate to the new platform. Read more hereAbout Marginswap Marginswap is a decentralized trading protocol that natively supports spot and cross margin swapping of assets on AMMs like Uniswap, SushiSwap, and Pangolin. Using Marginswap, you can trade a wide variety of tokens, much ... 
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Polygon Support, Staking, and More
We want to use this medium to share an updated roadmap that leads us up to the point of on-chain Governance.From now to Governance — Polygon Support and Incentivising lending. — We are looking forward to supporting Polygon, an EVM compatible chain with a lot of liquidity on the chain’s Sushiswap and native exchange Quickswap. Combined, both DEXes command a total of over $2 Billion worth of liquidity. Marginswap will be live on Polygon on the 9th of June with margin trading support for $ETH $WBTC $DAI $USDC $MATIC $USDT $WBTC $LINK $AAVE About a week after deployment on Polygon, $MFI incentives will be activated for lenders of crypto assets. — Staking and v1.0 on Ethereum. — We are finally at the point where we can safely move the platform from the Beta to v1.0! So, the 23rd of June will mark v1.0 and the beginning of staking for $MFI holders. Since our Certik audit and Code423n4 competitive audit, the Marginswap protocol has undergone rigorous testing and usage by beta users and we successfully pushed fixes for issues reported by users. — What’s next…. — After v1.0 is live, BSC support and on-chain governance will be the priority. More info will be released in the future. Have fun using Marginswap! Website https://marginswap.finance Twitter: https://twitter.com/marginswap Discord http://discord.gg/TC64NSpnPq Telegram http://t.me/marginswap Polygon Support, Staking, and More was o...
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Borrow from Marginswap and add Liquidity on Pangolin
Marginswap is a decentralized trading platform that currently supportsBorrowingLendingMargin trading The Avalanche and Pangolin community can now farm even more $PNG simply by borrowing assets (undercollateralized loans) from Marginswap and then supplying liquidity on Pangolin. Marginswap currently supports AVAX, PNG, ETH, USDT, and WBTC. So before taking a loan to add liquidity and farm $PNG, it is essential to check which pools on Pangolin have the highest APY (click here). At the point of writing, the APY on AVAX-PNG is one of the highest at 110% and by using Snowball for auto-compounding, you can get this rate as high as 200%. Borrowing on Marginswap Borrowing an asset on Marginswap is easy. Click on “Margin Account” on the application, deposit the crypto asset you would like to use as collateral, click on borrow and then withdraw the borrowed assets from your margin account.Deposit, borrow, and withdraw When deciding how much to borrow, there are two vital pieces of information to take into account that is the “Interest Rate (APR)” and “Margin Risk Level.” Please note that marginswap only lets you withdraw up to 66% of your collateral.Borrowing crypto assets on marginswap In the example above we deposited 1 eth (2770$), borrowed 300 $PNG + 30 $WAVAX. — What next?. — After withdrawing the tokens borrowed on marginswap, all that is left to do is heading over to Pangolin to add liquidity and stak...
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Permissionless Isolate Margin
Margin trading is commonly offered in one of two different flavors: isolated or cross margin. Marginswap launched with a cross margin system, which means that the health of a margin trader’s portfolio is calculated jointly, such that gains in one asset can balance out potential losses in another. This approach can save users time, sometimes gas, and headache around rebalancing their portfolio. — What Isolated margin means for Marginswap. — Marginswap is a decentralized exchange much like Uniswap, so we believe that users should be able to choose between a more tightly integrated system for lower-risk assets and an open playing field for trading and lending a wider variety of crypto assets for short and long trades. Users should be able to choose between saving gas on rebalancing by going cross margin vs. saving gas on every individual swap by using isolated pairs with cheaper liquidity checks and higher leverage. Also, with isolated margin, we can open up the system to a much wider range of tokens because lenders decide to take on the risk and the reward of one specific token pair; this interestingly insulates the community as a whole from any of the risks that are associated with cross margin. — How cross margin works. — Tokens are selected based on liquidity on Uniswap and SushiswapLenders supply bonds denominated in any of these tokens using the bond lending pageTraders deposit funds in any of t...
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Marginswap Welcomes John Jordan as Frontend and Web3 Development Lead
The Marginswap dev team is pleased to announce the hiring of John Jordan as the protocol’s UI and Web3 Development Lead. Marginswap, an advanced on-chain spot and margin trading protocol for crypto assets, allows traders to trade a wide variety of assets with up to 5x leverage. The new addition to the team John Jordan is a Web3 engineer with a wealth of experience in technical leadership positions. John led the development of a donation app for Mastercard and you can check out the app here. He has also worked at Origin Protocol, leading the development of a calendar-based scheduling system that powered various fractional usage listing types for the blockchain-based marketplace. Prior to Joining Marginswap, John has worked with Disney Streaming Services for four years. During this tenure, he has proposed, prototyped, and worked on a patent for a system that used machine learning and a neural network to identify and track animated characters in a video stream, providing an interactive UI overlay for the video player. We believe John will make a fantastic, lodestar addition to our team. His clear-eyed honesty and depth of knowledge in making user experiences that delight is just what we need as we embark on building the Marginswap permissionless isolated margin trading protocol. Website https://marginswap.finance Twitter: https://twitter.com/marginswap Discord http://discord.gg/TC64NSpnPq Telegram http://t.me/marginswap
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The Journey to Beta Land
Hi, this is Gabe, your Marginswap tech lead! Checking in about the roll-out of our beta: You may have noticed we are currently behind relative to our announced timeline. I’m sorry that we were off in our estimation, and we’re all working hard to make it right. In the lead-up to our launch, I focused heavily on the smart contract side of things — building a full feature set and putting it through our two audits, with some (upcoming) extras thrown in the mix (isolated margin, overcollateralized loans…). While focusing on the contracts, I managed the UI development with a light touch. Mid last week, after our second audit, we finally came to focus entirely on our user interface, which you’ll hopefully soon be delighted to use! It turns out we weren’t as far as I thought, and I really should have been on top of things! I sprang into action once I realized that we were behind. Ever since I took full charge of the UI process, we have been working a lot… I recently had a 25-hour workday! Nevertheless, our announced dates have slipped by, and we still have a number of user experience issues to fix. It just takes however long it takes to write the software. So here comes my ask: We do need to sleep at night, so if you like, please bear with us until the end of next week while we work on the UI. We have our contracts deployed, and you can inspect them on etherscan. We have funds sitting in the contracts. If you want...
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MFI distribution plan and liquidity mining event
The Marginswap token distribution is designed from the get-go to drive adoption of the marginswap protocol. That is why the remaining MFI tokens will be distributed to users and early adopters of Marginswap. — Distribution of protocol incentive tokens: 2,500,0000. — Tokens will be distributed starting at 4000 MFI daily, with a 0.1% daily contraction. These tokens will be distributed for 981 days, starting from 04.03.2021( 4 March 2021) with the last distribution happening on 9.11.2023. At that point, the protocol won’t have to incentivize trading and bond lending. Though in case any new forms of incentives should be needed, the treasury will be more than capable to fund it.Protocol incentive distribution curve — The daily distribution will happen in 2 stages:. — Before Beta: Before Beta, Uniswap liquidity providers for the MFI-USDC pair will receive all the daily token distribution. More info as well as the staking contract will be shared in another post. After Beta: After the beta launch MFI will be distributed as follows:Uniswap liquidity mining 20%Bond lending 40%Margin swaps 30%MFI Staking 10% — Distribution of marketing, bounty, treasury: 1,000,000. — 200,000 of these tokens will be unlocked on 04/04/2021 and the rest of the tokens will be sent to a new vesting contract from which 100,000 MFI will be released every 60 days. A good number of the 1,000,000 MFI will be reserved ...
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AMA: Read to learn more about Marginswap
Photo by Matt Walsh on Unsplash Q: Is Marginswap built on top of the Uniswap and Sushiswap system or a completely new DEX? A: We are a DEX but source liquidity from Sushi and Uniswap. In the future, we hope to be connected to 1inch, curve and many more AMM Q: So, margin trading, a beloved feature in the world of crypto, yet it’s relatively difficult for new traders, can you explain how margin trading works for the people unaware of it? A: Let’s assume you have 1 BTC, margin gives you the power to trade up to for example 5 BTC. In essence margin trading can give a tiny fish the power of a whale and that is the beauty of leverage. It gives you the potential to exponentially increase your PNL from a trade/swap, all the while only risking a tiny % of your funds Q: The MFI token is part of the Marginswap ecosystem, but what role does it have in this system? Is it used as a utility token? Transaction token? Or maybe a staking token? A: The token powers the protocol, it drives adoption in every way possible. 1. It is a reward token (think fee distribution, incentives, etc) 2. Governance: After the launch of v1.0 only token holders can decide which token to activate cross margin for and initiate upgrades. 3. A collateral asset: when the token has over 10m$ in Uniswap liquidity, it can also be used as collateral to trade other assets on the protocol. 4. The token is needed in order to call liquidation on underwater trades. So...
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Marginswap — Trade the hottest tokens on margin
Marginswap — Trade the hottest tokens on margin Although 2020 was not a great year overall, there is one thing we all were happy about — The rise of the crypto bull market. Bitcoin crossed its 2017 ATH in November 2020 and has remained over $20,000. Crypto’s total market cap has now crossed one trillion for the first time ever. Also, most of the crypto market experts believe that this rally will continue for the rest of 2021. These market conditions have amplified the scope of crypto exchanges as the number of people who want to get involved in the cryptocurrency market is increasing exponentially. These exchanges do a great job in serving their users as the crypto market inherently comes with many complexities such as market illiquidity and price volatility. About Marginswap Marginswap is a new age decentralized exchange (DEX) built on the back of DeFi giants; Uniswap and Sushiswap. Users of Marginswap get to trade some of the most popular crypto tokens in the market with ease. The best part about trading with Marginswap is the leverage it offers its users on these tokens. For instance, tokens like Bond or MTA as of right now cannot be traded on margin on any typical closed-system exchange, largely due to liquidity constraints. But Marginswap would be listing these assets already with the release of the beta platform, safely, by using the liquidity of existing decentralized exchanges. Our goal is to improve t...
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Introducing the token that will power Marginswap Protocol
Introducing the token that will power the Marginswap Protocol Over the past few years, many projects have come forth to offer decentralized margin trading exchanges. Yet all of these projects have faced the same issues: Liquidity, security, dangerously high slippage, and lack of token options, which are all extremely important factors to any trader who fears liquidations due to market volatility, security exploits, and slippage. What if you could harness all the best parts of the biggest decentralized exchanges AND leverage trade on them? That is why we are building Marginswap. A decentralized margin and spot trading platform built on the back of DeFi Giants like Uniswap and Sushiswap. By using Marginswap and the Marginswap protocol token, users will be able to margin trade with up to 5x leverage using the most popular DeFi exchanges available. The Marginswap token will offer an array of exciting functions to benefit all users of the platform: Governance: Like all great DeFi projects, token holders will decide the future of Marginswap through a DAO. Community members can vote on fee distribution, buybacks, addition and removal of margin assets, and much more. The possibilities are endless. We believe the community knows best and so it is the community of token holders who decide. Margin trading and collateral assets: To a reasonable safe margin on any crypto-asset trading on any of the DEXs we support, the individual tokens w...
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Crypto Coin Prices and News 