MATRIXSWAP is Decentralized Cross-Chain Perpetual Swaps, Deployed on Polkadot, Cardano. It is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. While most decentralized derivative trading platforms face liquidity concerns, the Matrixswap vAMM offers infinite on-chain liquidity. A funding rate mechanism is incorporated to ensure MarkPrice closely tracks IndexPrice. Matrixswap aims to be a fully community-owned and governed Defi protocol in the long run.