According to the latest reports, BitMax.io has announced the listing of MahaDAO through its platform. BitMax.io is a platform that has been built by the quant trading veterans from Wall Street. The platform exists as an industry-leading trading platform for digital assets.
The platform has revealed that the listing of the MahaDAO means that it will be launching two different trading pairs for the users. The pairs that have been launched by BitMax.io include ARTH/USDT and MAHA/USDT. The firm also revealed that the ARTH/USDT trading pair was listed at 10:00 am EST and the MAHA/USDT trading pair was listed at 09:00 am on February 15, 2021.
MahaDAO is governed by a decentralized autonomous organization that exists as a set of decentralized finance (DeFi) protocols. The vaults that the platform offers are controlled by the smart contracts that are used to mint ARTH.
ARTH is different from Dai and USDT and is pegged against assets that are uncorrelated. These assets tend to provide users with a value that is stable and does not get impacted by price inflation.
On the other hand, MAHA exists within the ARTH ecosystem as a governance token. The MAHA tokens are available for the community members of the ARTH ecosystem. They can use these tokens in order to vote on stability fees, future actions, saving rates, and strategies.
The mechanism has proven to be extremely useful as the decision to make changes is not on a central entity but is distributed among all the members. As a result of this, the platform has been constantly gaining growth, adoption, and stability.
Over time, the MahaDAO teams have managed to bring together not only common users but also very prominent sectors. They have managed to bring together venture capital, artificial intelligence, and media industries. By bringing these sectors together, the platform is striving to bring more exposure to the cryptocurrency and decentralized finance (DeFi) sector.
Ever since the launch, the MahaDAO platform has managed to gain a lot of support and backing from companies ruling the investment industry. With their banking, the platform has recently launched a decentralized exchange (DEX) known as MahaSwap.
MahaSwap is a DEX that is the result of innovation and hard work from the teams at MahaDAO. Through the MahaSwap DEX, the users will be able to gain incentives through ARTH as they would be able to stake their LP tokens. As a result, they will be earning rewards and increasing their earnings on APY.
MahaDAO has also revealed that after the launch of the DEX, it is planning to launch another product in the market. The firm has announced that by the end of the 1st quarter of 2021, it is planning to launch ARTH CDP Portal.