MUX Protocol is a decentralized derivatives exchange deployed on 5 public chains: Arbitrum, Optimism, BSC, Avalanche, and Fantom. Cryptocurrency influencer Salazar.eth analyzed the advantages of the MUX protocol and upcoming catalysts.
MUX supports 100x leverage on ARB, BNB, FTX, OP, AVAX chains. It has aggregated liquidity from GMX, Yield, and others, with super-fast speed, zero price impact, and other features. MUX also supports assets such as forex, stocks, and cryptocurrencies.
- Is USDT decoupling? Searching for answers through on-chain data analysis
- Over $100 million borrowed: analyzing the lending situation of Curve’s founder
- Comprehensive analysis of zkSync Era: the pioneer of zero-knowledge proof scaling solution
MUX has locked over $37 million in its LP, which demonstrates its liquidity advantage. MUX has four tokens: MCB, MUX, MUXLP, and VeMUX. MCB is the main token of the protocol, and users can lock MCB to earn veMUX, protocol revenue, and MUX rewards. VeMUX is the governance token, while MUXLP is the LP token that can be purchased with assets allowed by the funding pool.
MUX has been favored by Andrew Kang, and its investors include Binance Labs, Delphi Capital, and others. Notably, MUX received a $1.2 million ARB airdrop from the Arbitrum Foundation and will soon incentivize its community.
Reference: https://twitter.com/0xSalazar/status/1669357023539113986
Like what you're reading? Subscribe to our top stories.
We will continue to update Gambling Chain; if you have any questions or suggestions, please contact us!
