MUX

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MUX DeFi Protocol
What is MUX? Read this article to find out all you need to know.

What is MUX?

MUX is a DeFi protocol that revolutionizes cryptocurrency trading by providing a decentralized trading aggregator alongside leveraged trading on the same platform.

The aggregator finds the best price for trades across different markets so you can get the most out of your trade. As for leverage trading, users can also borrow up to 100 times what they have to trade with (100x leverage). 

Overall, MUX is designed to enhance the user experience by providing traders with optimized trading costs, deep aggregated liquidity, and leverage, among other features. 

MUX extends its functionalities across multiple blockchains; it is accessible to users on Arbitrum, BNB Chain, Optimism, Avalanche, and Fantom. To ensure seamless and efficient liquidity and trading activities across different networks, the platform Implements a shared liquidity model designed for minimal price impact and optimal capital efficiency.

The platform also offers up to 100x leverage on a variety of crypto assets. And with a strong focus on building a robust community, it provides structured rewards and incentives that align the interests of traders, liquidity providers, and protocol stakeholders.

Let’s take a closer look at the various components that make up MUX.

What is Unique About MUX?

What is unique about MUX? Here are 9 unique features that you need to know about. Read the full article to find out more about MUX.

MCB

MCB is the main token of MUX. Users can lock MCB to receive veMUX, entitling them to a share of the protocol income and rewards in MUX.

MUX

MUX is a non-transferable reward token of the protocol. It is earned by holding veMUX or staking MUXLP and can be staked to obtain veMUX. It can also be converted into MCB through a vesting process.

veMUX

veMUX is MUX’s governance token. It is granted to users who lock their MUX tokens, endowing them with voting rights and a share of the protocol revenue.

MUXLP

MUXLP is the liquidity provider token of the protocol. It can be purchased with approved assets and staked to earn protocol revenue and MUX rewards.

DegenLP

DegenLP is the liquidity pool of MUX’s Degen Protocol. The protocol is designed for sophisticated traders and liquidity providers, focusing on high-risk, long-tail assets, which are less common and more volatile investments, for specialized trading experiences.

The DegenLP is stablecoin-only and will only be open to whitelisted sophisticated traders and liquidity providers due to the high-risk exposure. 

Multi-Chain Native Protocol

MUX’s native trading protocol is available across various blockchain networks with uniform market depth and liquidity. Users on Arbitrum, BNB Chain, Optimism, Avalanche, and Fantom can trade against the MUX native pool. 

Universal Liquidity Mechanism

MUX employs a universal liquidity mechanism that aggregates liquidity from multiple sources to create more stable markets. It is designed to enhance capital efficiency by enabling the use of pooled assets across networks without needing physical transfers.

Protocol-Owned Liquidity (POL)

A portion of the liquidity is retained by the protocol to reduce its dependency on external liquidity providers. This supports the platform’s economic stability while addressing its liquidity needs.

Innovative Risk Management Tools

MUX implements dynamic price impact adjustments to reduce risks in leveraged trading. Overall, it aims to provide a safer trading environment by managing market volatility and associated risks.

With these, you have several avenues to participate in DeFi. 

What can I use MUX for?

What can I use MUX for? Here are 4 uses. Don't forget to read the full article to find out more.
  1. Leverage Trade:

MUX lets you engage in up to 100x leveraged trading on a diverse range of cryptocurrency assets. This is enhanced by the platform’s liquidity mechanism, which allows for minimal price impact and optimal cost.

  1. Provide Liquidity:

You can provide liquidity to the MUX ecosystem by purchasing and staking MUXLP tokens.

You’ll receive compensation in the form of protocol income and MUX rewards, in exchange for contributing to the platform’s liquidity.

  1. Stake for Additional Rewards:

You can also stake MUXLP and veMUX tokens to earn additional rewards and protocol income.

This opportunity allows you to secure a more active role in the ecosystem while enhancing personal investment returns.

  1. Engaging with Long-Tail Markets:

The DegenLP pool lets you engage in high-risk risk trading of long-tail assets. It exposes you to

investment opportunities in less common, more volatile assets, albeit with the potential for higher returns.

Leaderboard

Only Top 10 users qualify for monthly $100 drawing.

RankPoints
Trophy1
Jillianne R.
Diamonds119
Trophy2
Phillip W.
Diamonds119
Trophy3
Baffa O.
Diamonds119
Trophy4
James C.
Diamonds119
Trophy5
Male T.
Diamonds119
Trophy6
Ron B.
Diamonds119
Trophy7
Moses O.
Diamonds119
Trophy8
Saifu A.
Diamonds119
Trophy9
Lidya I.
Diamonds119
Trophy10
Kofi K.
Diamonds119
Trophy11
Mustafe O.
Diamonds119
Trophy12
Musa S.
Diamonds118
Trophy13
Dany T.
Diamonds118
Trophy14
Lalisa F.
Diamonds118
Trophy15
Ernest L.
Diamonds118
Trophy16
Eric A.
Diamonds118
Trophy17
John P.
Diamonds118
Trophy18
David D.
Diamonds118
Trophy19
Barry S.
Diamonds118
Trophy20
Dan B.
Diamonds118
Trophy21
James A.
Diamonds118
Trophy22
Menelik G.
Diamonds117
Trophy23
Kyakonye S.
Diamonds117
Trophy24
Asfaw I.
Diamonds117
Trophy25
Khaleeq A.
Diamonds117
Trophy26
Wayne C.
Diamonds117
Trophy27
Mohamed N.
Diamonds117
Trophy28
Hamza K.
Diamonds117
Trophy29
Genuine C.
Diamonds117
Trophy30
ALIYU Y.
Diamonds117
Trophy31
Soly N.
Diamonds117
Trophy32
David B.
Diamonds116
Trophy33
Nathan H.
Diamonds116
Trophy34
Nour E.
Diamonds116
Trophy35
Bello U.
Diamonds116
Trophy36
Nazeeh K.
Diamonds116
Trophy37
Anselme D.
Diamonds116
Trophy38
Muhammmad H.
Diamonds116
Trophy39
Sherry D.
Diamonds116
Trophy40
Abubeker A.
Diamonds116
Trophy41
Kenneth J.
Diamonds115
Trophy42
William M.
Diamonds105
Trophy43
Okello A.
Diamonds105
Trophy44
Obey T.
Diamonds101
Trophy45
Michael R.
Diamonds101
Trophy46
Lucy A.
Diamonds99
Trophy47
David C.
Diamonds98
Trophy48
Hilik T.
Diamonds98
Trophy49
Gabrielle G.
Diamonds97
Trophy50
Kimberley S.
Diamonds95
Trophy51
Mich O.
Diamonds94
Trophy52
Oyetunji S.
Diamonds93
Trophy53
Latrice S.
Diamonds92
Trophy54
THEOBALD S.
Diamonds92
Trophy55
hanad A.
Diamonds84
Trophy56
Pavan C.
Diamonds84
Trophy57
Michael M.
Diamonds82
Trophy58
Rosalio S.
Diamonds82
Trophy59
Tha H.
Diamonds82
Trophy60
Hossana E.
Diamonds82
Trophy61
John H.
Diamonds82
Trophy62
PaulShultis S.
Diamonds64
Trophy63
Gashaw N.
Diamonds63
Trophy64
Jeremiah A.
Diamonds63
Trophy65
Alam Z.
Diamonds62
Trophy66
FRANK I.
Diamonds61
Trophy67
Melkamu A.
Diamonds61
Trophy68
Akeem A.
Diamonds58
Trophy69
OSAMEDE O.
Diamonds56
Trophy70
Isaac O.
Diamonds56
Trophy71
Olorunwa M.
Diamonds56
Trophy72
Yashin S.
Diamonds55
Trophy73
Erbs M.
Diamonds55
Trophy74
John S.
Diamonds55
Trophy75
Shiferaw T.
Diamonds54
Trophy76
Richard P.
Diamonds54
Trophy77
Mbongiseni S.
Diamonds54
Trophy78
Christian C.
Diamonds54
Trophy79
james_bolinda
Diamonds54
Trophy80
Ronald H.
Diamonds53
Trophy81
Sean S.
Diamonds43
Trophy82
Kenneth B.
Diamonds42
Trophy83
Aimee B.
Diamonds40
Trophy84
Muhammad I.
Diamonds37
Trophy85
Expert E.
Diamonds36
Trophy86
Raz E.
Diamonds36
Trophy87
Jamil B.
Diamonds36
Trophy88
Juma G.
Diamonds35
Trophy89
Shom S.
Diamonds35
Trophy90
Somadina O.
Diamonds35
Trophy91
Carlos P.
Diamonds35
Trophy92
Kenneth J.
Diamonds35
Trophy93
Ade N.
Diamonds35
Trophy94
jtcraw
Diamonds35
Trophy95
Carlos M.
Diamonds33
Trophy96
Bekele W.
Diamonds32
Trophy97
Glen M.
Diamonds32
Trophy98
DAVISON P.
Diamonds31
Trophy99
Martins M.
Diamonds31
Trophy100
Sayid A.
Diamonds31
Silver Trophy
Diamonds0

Countdown to next draw

days

hours

minutes

seconds

Leaderboard

Only Top 10 users qualify for monthly $100 drawing.

RankPoints
Trophy1
Jillianne R.
Diamonds119
Trophy2
Phillip W.
Diamonds119
Trophy3
Baffa O.
Diamonds119
Trophy4
James C.
Diamonds119
Trophy5
Male T.
Diamonds119
Trophy6
Ron B.
Diamonds119
Trophy7
Moses O.
Diamonds119
Trophy8
Saifu A.
Diamonds119
Trophy9
Lidya I.
Diamonds119
Trophy10
Kofi K.
Diamonds119
Trophy11
Mustafe O.
Diamonds119
Trophy12
Musa S.
Diamonds118
Trophy13
Dany T.
Diamonds118
Trophy14
Lalisa F.
Diamonds118
Trophy15
Ernest L.
Diamonds118
Trophy16
Eric A.
Diamonds118
Trophy17
John P.
Diamonds118
Trophy18
David D.
Diamonds118
Trophy19
Barry S.
Diamonds118
Trophy20
Dan B.
Diamonds118
Trophy21
James A.
Diamonds118
Trophy22
Menelik G.
Diamonds117
Trophy23
Kyakonye S.
Diamonds117
Trophy24
Asfaw I.
Diamonds117
Trophy25
Khaleeq A.
Diamonds117
Trophy26
Wayne C.
Diamonds117
Trophy27
Mohamed N.
Diamonds117
Trophy28
Hamza K.
Diamonds117
Trophy29
Genuine C.
Diamonds117
Trophy30
ALIYU Y.
Diamonds117
Trophy31
Soly N.
Diamonds117
Trophy32
David B.
Diamonds116
Trophy33
Nathan H.
Diamonds116
Trophy34
Nour E.
Diamonds116
Trophy35
Bello U.
Diamonds116
Trophy36
Nazeeh K.
Diamonds116
Trophy37
Anselme D.
Diamonds116
Trophy38
Muhammmad H.
Diamonds116
Trophy39
Sherry D.
Diamonds116
Trophy40
Abubeker A.
Diamonds116
Trophy41
Kenneth J.
Diamonds115
Trophy42
William M.
Diamonds105
Trophy43
Okello A.
Diamonds105
Trophy44
Obey T.
Diamonds101
Trophy45
Michael R.
Diamonds101
Trophy46
Lucy A.
Diamonds99
Trophy47
David C.
Diamonds98
Trophy48
Hilik T.
Diamonds98
Trophy49
Gabrielle G.
Diamonds97
Trophy50
Kimberley S.
Diamonds95
Trophy51
Mich O.
Diamonds94
Trophy52
Oyetunji S.
Diamonds93
Trophy53
Latrice S.
Diamonds92
Trophy54
THEOBALD S.
Diamonds92
Trophy55
hanad A.
Diamonds84
Trophy56
Pavan C.
Diamonds84
Trophy57
Michael M.
Diamonds82
Trophy58
Rosalio S.
Diamonds82
Trophy59
Tha H.
Diamonds82
Trophy60
Hossana E.
Diamonds82
Trophy61
John H.
Diamonds82
Trophy62
PaulShultis S.
Diamonds64
Trophy63
Gashaw N.
Diamonds63
Trophy64
Jeremiah A.
Diamonds63
Trophy65
Alam Z.
Diamonds62
Trophy66
FRANK I.
Diamonds61
Trophy67
Melkamu A.
Diamonds61
Trophy68
Akeem A.
Diamonds58
Trophy69
OSAMEDE O.
Diamonds56
Trophy70
Isaac O.
Diamonds56
Trophy71
Olorunwa M.
Diamonds56
Trophy72
Yashin S.
Diamonds55
Trophy73
Erbs M.
Diamonds55
Trophy74
John S.
Diamonds55
Trophy75
Shiferaw T.
Diamonds54
Trophy76
Richard P.
Diamonds54
Trophy77
Mbongiseni S.
Diamonds54
Trophy78
Christian C.
Diamonds54
Trophy79
james_bolinda
Diamonds54
Trophy80
Ronald H.
Diamonds53
Trophy81
Sean S.
Diamonds43
Trophy82
Kenneth B.
Diamonds42
Trophy83
Aimee B.
Diamonds40
Trophy84
Muhammad I.
Diamonds37
Trophy85
Expert E.
Diamonds36
Trophy86
Raz E.
Diamonds36
Trophy87
Jamil B.
Diamonds36
Trophy88
Juma G.
Diamonds35
Trophy89
Shom S.
Diamonds35
Trophy90
Somadina O.
Diamonds35
Trophy91
Carlos P.
Diamonds35
Trophy92
Kenneth J.
Diamonds35
Trophy93
Ade N.
Diamonds35
Trophy94
jtcraw
Diamonds35
Trophy95
Carlos M.
Diamonds33
Trophy96
Bekele W.
Diamonds32
Trophy97
Glen M.
Diamonds32
Trophy98
DAVISON P.
Diamonds31
Trophy99
Martins M.
Diamonds31
Trophy100
Sayid A.
Diamonds31
Silver Trophy
Diamonds0

Countdown to next draw

days

hours

minutes

seconds

$100 Monthly Drawing.

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No hidden terms, no fine print.

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