mistX v2 is here. Welcome to a new beginning.

From front-running protection to instant cashback rewards, to a fully enhanced trading experience, your new default DEX has launched.

4 min readJan 10, 2022

We’re extremely excited to announce that mistX v2 beta is now live at mistX.io! This release marks our biggest upgrade since we initially launched last year. Make sure to read about our giveaways at the end!

And what a ride it has been! The mistX Labs team has been grinding out in the lab to make sure this release is the start of a new beginning in the DEX world. mistX v2 offers a new intuitive & enhanced trading experience, both visually and technically, with new unique features such as live analysis of your in-progress trade and custom recommendations to ensure maximum success.

As per our roadmap, the first milestone in 2022 was to build a new platform from the ground up. This important step opens the door to more flexibility and options to continuously enhance and add features without unnecessary obstacles.

We’ve made major improvements across the board and added newer core functionalities. Here’s everything we’ve packed into this release so far:

Best prices

Trade with peace of mind, you will now get the best prices across Uniswap v2, Uniswap v3 and Sushiswap. You don’t need to worry about comparing prices between those exchanges.

Intuitive & enhanced trading experience

From the moment you land on the site to when you complete your journey, every step of the way has been accounted for and makes DeFi trading easy. As one of the new major features, mistX will analyze your trade while it’s in progress and advise on how to efficiently speed it up. It will also analyze failed transactions and offer recommendations on how to retry your trade.

Stunning user-friendly interface

If you haven’t already, go check out the new interface first. It’s beautiful right? Our devs and designers have worked closely together to give the platform a complete overhaul.

Protection from bots (front running, sandwich attacks)

Bots make you trade at a more expensive price when using other exchanges. Traders lose over 300k USD to bots every day based on MEV analysis on Uniswap and Sushiswap. Our DEX protects all trades by default seamlessly utilising our native integration with Flashbots.

No money lost on failed transactions

If your transaction doesn’t go through, you pay no gas — simple. On other exchanges, miners keep the fees of the transaction even when it fails. On mistX, you can keep retrying and only pay the fees once the trade is successful.

Easy and free cancellations

On other exchanges, you need to pay fees to send a cancellation transaction and it is usually complex to follow. On mistX, cancelling is as easy as clicking a button and does not cost anything. Let’s save on those gas fees!

Instant cashback rewards

Eligible trades can earn you instant cashback rewards. Since we launched this feature in September 2021 there has been a total of 160k USD rewarded on 530 trades with the highest single reward so far being 11.2k USD! The way this works is if there is an arbitrage opportunity after your trade is complete, it gets executed and a large chunk of the profit is returned to you.

Fees and token approvals

We’ve revamped our fees architecture to make it optimized, simpler and as transparent as possible for the user.

Approvals are only needed once per token per exchange, and fees are taken from your wallet in ETH just like any other dApp. The mistX protection fee is now fixed at 9.99 USD per trade to cover all the benefits stated above and to help us keep running mistX.

New path

The team is growing and we’re currently looking to hire a talented Smart Contracts and Back-End Developer. You can find all the relevant information here.

mistX v2 will serve as a new foundation to innovate and build on going forward. Next on our roadmap, we will be working on L2 integrations, multi-chains, gamification, limit orders and more. The team is taking no break and will continue to plow through these upcoming developments to make 2022 a big year for Alchemist.