What is MUX Protocol?
MUX Protocol is a decentralized derivatives trading platform that supports leveraged trading across multiple blockchain networks, including Binance Smart Chain (BSC), Avalanche, Arbitrum, Optimism, and Fantom. Launched as a brand upgrade from MCDEX, MUX Protocol focuses on providing a seamless trading experience with up to 100x leverage.
MUX Protocol is designed to minimize trading costs and optimize leverage. It achieves this through smart position routing, which automatically selects the best liquidity sources based on factors such as market conditions, available liquidity, and composite trading costs. Additionally, MUX provides leverage boosting and liquidation price optimization, enhancing the trading experience by allowing traders to open larger positions with optimal margin requirements.
Traders can use MUX to engage in leveraged positions with zero price impact, trade with aggregated liquidity, and utilize multiple assets as collateral. Liquidity providers can supply liquidity to the MUXLP pool, earning protocol income and MUX token rewards. The protocol's dual-token model, featuring MUX and MCB tokens, supports governance and rewards community participation.
Since its launch, MUX has demonstrated significant growth, attracting substantial liquidity and generating notable trading volumes. The protocol's unique features and focus on multi-chain integration position it as a competitive player in the decentralized derivatives market.