2021 is in the past and in this past year, DeFi gradually became the ‘old story’ in the blockchain world, and concept s such as NFT, GameFi, DAO and metaverse took turns to be the next new trend. With the rapid change in the industry, the development of the first generation of DeFi projects has attracted attention. MDEX, which is about to celebrate its first anniversary, is a prime example of how the first generation of DeFi has evolved with the changing industry. It opened its DAO governance...