MUXMUX: Leveraged Trading with Universal Liquidity
Hey everyone, we are back! 👋 Founded in 2019, MCDEX has been one of the vanguards to explore leveraged trading in DeFi. From V1 to V3, MCDEX has been continuously innovating on AMM with leverage trading, capital efficiency optimization and seamless trading experiences. Last year, we launched the V3 protocol, which accomplished several key milestones like reaching $7.2B cumulative trading volume and attracted more than 5000 users. However, we have also identified room for improvement along th...
MUXMUX Airdrop to Eligible GMX Traders
Offering optimized on-chain trading experiences has been MUX’s top focus since launch, and the MUX Leveraged Trading Aggregator is released to push this vision further. The Aggregator offers GMX position liquidation price optimization, automatic position routing, leverage boosting and more innovative features to empower traders. To celebrate the new year and help expand the adoption of MUX Leveraged Trading Aggregators, MUX will airdrop MUX tokens to GMX traders.Who's Eligible for the Ai...
MUXIntroducing MUX V2: Leveraged Trading Aggregator
TL;DRThe leveraged trading aggregator is added on top of the existing MUXLP pool in MUX V2.MUX V2 will integrate with leading leveraged trading protocols on the market, starting with GMX.MUX V2 selects the most suitable liquidity route and minimizes the composite trading cost for traders.MUX V2 can supply additional margin for traders to boost the leverage up to 100x on aggregated underlying protocols.Try MUX V2: https://app.mux.network Leveraged trading is one of the fastest-growing domains ...
Zero price impact leveraged trading protocol with universal liquidity
MUXMUX: Leveraged Trading with Universal Liquidity
Hey everyone, we are back! 👋 Founded in 2019, MCDEX has been one of the vanguards to explore leveraged trading in DeFi. From V1 to V3, MCDEX has been continuously innovating on AMM with leverage trading, capital efficiency optimization and seamless trading experiences. Last year, we launched the V3 protocol, which accomplished several key milestones like reaching $7.2B cumulative trading volume and attracted more than 5000 users. However, we have also identified room for improvement along th...
MUXMUX Airdrop to Eligible GMX Traders
Offering optimized on-chain trading experiences has been MUX’s top focus since launch, and the MUX Leveraged Trading Aggregator is released to push this vision further. The Aggregator offers GMX position liquidation price optimization, automatic position routing, leverage boosting and more innovative features to empower traders. To celebrate the new year and help expand the adoption of MUX Leveraged Trading Aggregators, MUX will airdrop MUX tokens to GMX traders.Who's Eligible for the Ai...
MUXIntroducing MUX V2: Leveraged Trading Aggregator
TL;DRThe leveraged trading aggregator is added on top of the existing MUXLP pool in MUX V2.MUX V2 will integrate with leading leveraged trading protocols on the market, starting with GMX.MUX V2 selects the most suitable liquidity route and minimizes the composite trading cost for traders.MUX V2 can supply additional margin for traders to boost the leverage up to 100x on aggregated underlying protocols.Try MUX V2: https://app.mux.network Leveraged trading is one of the fastest-growing domains ...
Zero price impact leveraged trading protocol with universal liquidity
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After successfully launching the MUX protocol, we are thrilled to kick off the liquidity mining and MCB staking programs.
August 2nd, UTC 0am
Go to the Liquidity page on the MUX protocol.
Use assets allowed by the MUXLP pool to buy MUXLP tokens.
Please check the Liquidity Composition section on the MUX protocol for the allowed assets list. Example: ETH, BTC, BNB, AVAX, FTM, USDC, USDT, etc
Please note that there are fees for buying MUXLP tokens. The fees will be lower when the asset weight is below its target and higher when above its target.
Stake MUXLP on Arbitrum to earn multiplexed protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.
MUX uses Arbitrum as the base chain to handle multi-chain liquidity management and staking. Please bridge your MUXLP tokens to Arbitrum for staking.
Please check the Provide Liquidity section on the docs for a step-by-step tutorial.
Protocol fees depend on the on-platform trading volume; third-party DEX mining profits will vary due to market conditions. Please check the Liquidity Multiplexing section on the docs for more details.
The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
Total Protocol Income × 50% × (1 - POR): Allocate for MUXLP stakers (in ETH)
POR = Protocol Owned Liquidity / Total Liquidity
1,000 MUX will be distributed to veMUX holders and MUXLP stakers daily, allocated as follows:
1000 × (1-veRate) × (1-POR): Allocate for MUXLP stakers
veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)
Profit Sources
A portion of the protocol fees
Funding payments
Multiplexed third-party DEX mining income
Liquidation penalties
MUX token rewards
Risks
Since the MUXLP pool is the counterparty of traders, MUXLP has positions holding related risks and can suffer losses
Pooled assets price drawback
August 4th, UTC 0am
Go to the veMUX Locked-Staking page on the MUX protocol
Lock MCB (from 2 weeks to 4 years) to receive veMUX, the community’s governance token
veMUX tokens are minted when users lock MCB and / or MUX and will be burnt as the lock time decreases.
Hold veMUX to earn multiplexed protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.
MUX uses Arbitrum as the base chain to handle multi-chain liquidity management and staking. Please bridge your MUXLP tokens to Arbitrum for staking.
Please check the veMUX Locked-Staking section on the docs for a step-by-step tutorial.
Protocol fees depend on the on-platform trading volume; third-party DEX mining profits will vary due to market conditions. Please check the Liquidity Multiplexing section on the docs for more details.
The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
Total Protocol Income × 50% × POR: Allocate for veMUX holders (in ETH)
POR = Protocol Owned Liquidity / Total Liquidity
1,000 MUX will be distributed to veMUX holders and MUXLP stakers daily, allocated as follows:
1000 × (1-veRate) × (1-POR): Allocate for MUXLP stakers
The rest will be allocated for veMUX holders
veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)
After successfully launching the MUX protocol, we are thrilled to kick off the liquidity mining and MCB staking programs.
August 2nd, UTC 0am
Go to the Liquidity page on the MUX protocol.
Use assets allowed by the MUXLP pool to buy MUXLP tokens.
Please check the Liquidity Composition section on the MUX protocol for the allowed assets list. Example: ETH, BTC, BNB, AVAX, FTM, USDC, USDT, etc
Please note that there are fees for buying MUXLP tokens. The fees will be lower when the asset weight is below its target and higher when above its target.
Stake MUXLP on Arbitrum to earn multiplexed protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.
MUX uses Arbitrum as the base chain to handle multi-chain liquidity management and staking. Please bridge your MUXLP tokens to Arbitrum for staking.
Please check the Provide Liquidity section on the docs for a step-by-step tutorial.
Protocol fees depend on the on-platform trading volume; third-party DEX mining profits will vary due to market conditions. Please check the Liquidity Multiplexing section on the docs for more details.
The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
Total Protocol Income × 50% × (1 - POR): Allocate for MUXLP stakers (in ETH)
POR = Protocol Owned Liquidity / Total Liquidity
1,000 MUX will be distributed to veMUX holders and MUXLP stakers daily, allocated as follows:
1000 × (1-veRate) × (1-POR): Allocate for MUXLP stakers
veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)
Profit Sources
A portion of the protocol fees
Funding payments
Multiplexed third-party DEX mining income
Liquidation penalties
MUX token rewards
Risks
Since the MUXLP pool is the counterparty of traders, MUXLP has positions holding related risks and can suffer losses
Pooled assets price drawback
August 4th, UTC 0am
Go to the veMUX Locked-Staking page on the MUX protocol
Lock MCB (from 2 weeks to 4 years) to receive veMUX, the community’s governance token
veMUX tokens are minted when users lock MCB and / or MUX and will be burnt as the lock time decreases.
Hold veMUX to earn multiplexed protocol income (protocol fees and third-party DEX mining rewards) and MUX rewards.
MUX uses Arbitrum as the base chain to handle multi-chain liquidity management and staking. Please bridge your MUXLP tokens to Arbitrum for staking.
Please check the veMUX Locked-Staking section on the docs for a step-by-step tutorial.
Protocol fees depend on the on-platform trading volume; third-party DEX mining profits will vary due to market conditions. Please check the Liquidity Multiplexing section on the docs for more details.
The protocol income collected from trading fees and DEX mining yield will be allocated as follows:
Total Protocol Income × 50% × POR: Allocate for veMUX holders (in ETH)
POR = Protocol Owned Liquidity / Total Liquidity
1,000 MUX will be distributed to veMUX holders and MUXLP stakers daily, allocated as follows:
1000 × (1-veRate) × (1-POR): Allocate for MUXLP stakers
The rest will be allocated for veMUX holders
veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)
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