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  • MCB MUX Protocol

    $2.28

    -0.31%

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    Frequently Asked Questions

    • MUX Protocol Overview

      MUX Protocol is a decentralized margin-trading protocol that allows users to handle transactions across multiple networks. It provides several key features:

      • Leveraged Trading: MUX Protocol offers up to 100x leverage for traders, enabling them to open large positions with minimal capital.
      • Universal Liquidity: The protocol unifies liquidity across different networks, ensuring that traders have access to deep and consistent liquidity pools.
      • Optimized Trading Cost: MUX Protocol minimizes trading costs by automatically selecting the most suitable liquidity route for each transaction.
      • Diverse Market Options: Traders can access a variety of market options, including perpetual trading and aggregated liquidity.

      Key Components

      • MUX Perpetual Aggregator: This sub-protocol aggregates liquidity from multiple sources, such as MUXLP pool, MUX-DegenLP pool, GMX (V1+V2), and gTrade, to provide traders with the best possible trading conditions.
      • MUX Native Trading Protocol: This protocol offers zero price impact trading, up to 100x leverage, and self-custody, providing an optimized on-chain trading experience.
      • MUX Degen Protocol: Tailored for enhancing long-tail assets trading experience, this protocol allows traders to trade against the MUX DegenLP pool.

      Benefits for Users

      • Traders: Can open up to 100x leveraged positions with zero price impact, trade with optimal cost, and use multiple types of assets as collateral.
      • Liquidity Providers: Can supply liquidity to earn protocol income and MUX token rewards, and stake MUXLP tokens for additional benefits.
      • Community Members: Can lock MCB to receive veMUX tokens and participate in the governance of the protocol.

      Additional Features

      • Broker Module: A bot that monitors total liquidity and fills orders based on available liquidity across deployed networks.
      • Universal Liquidity Mechanism: Ensures higher capital efficiency by unifying liquidity across networks without moving pooled assets around.
      • MUX Tokens: Can be used to redeem profits when pooled liquidity on a chain cannot fully cover traders' profits.
      Last Updated: 12/14/2024 02:21 UTC
    • Pros of MUX Protocol

      • High Leverage Options: MUX Protocol offers leverage up to 100x, allowing traders to open larger positions and potentially increase their profits.
      • Deep Aggregated Liquidity: The protocol aggregates liquidity from multiple sources, providing deep liquidity pools and diverse market options, which helps in executing large trades without significant price slippage.
      • Optimized Trading Costs: MUX Protocol minimizes trading costs by leveraging its unique aggregator features, making it more cost-effective for traders.
      • Smart Position Routing: This feature automatically routes traders' positions to the most suitable liquidity sources based on various factors such as market conditions, position size, and user preferences, ensuring optimal trading outcomes.
      • Universal Liquidity: The protocol unifies liquidity across different networks using a broker module, offering higher capital efficiency without the need to move pooled assets around.
      • Aggregated Position Management: Traders can manage aggregated positions with components routed to different liquidity sources, supporting larger position sizes and reducing trading costs.

      Cons of MUX Protocol

      • Limited User Base: Despite generating significant revenue, MUX Protocol has a relatively small daily user base, indicating potential for growth but also current limitations in user adoption.
      • Complexity: The protocol's advanced features and mechanisms may be challenging for new users to understand and navigate.
      • Dependence on Integrated Protocols: The leverage boosting feature relies on integrated protocols like GMX and Gains Network, which may introduce additional dependencies and potential risks.
      • Governance and Token Dynamics: The use of veMUX and MUXLP tokens for governance and liquidity provision can be complex and may require a deeper understanding of the protocol's mechanics.
      Last Updated: 12/14/2024 02:21 UTC
    • Founders of MUX Protocol

      The MUX Protocol was founded by Jie Liu in 2019. Prior to founding MUX Protocol, Jie Liu was a senior software engineer at Baidu and developed various technologies such as Doris (a distributed database), Minerbabe (a mining software), and a GPU mining management tool.

      Last Updated: 12/14/2024 02:21 UTC
    • Investors in MUX Protocol

      MUX Protocol has received backing from several notable investors, including:

      • Binance Labs: A leading blockchain technology incubator and venture capital arm of Binance.
      • Multicoin Capital: A venture capital firm focused on investing in blockchain and cryptocurrency projects.

      Additionally, MUX Protocol has completed several funding rounds with various investors:

      • Series Unknown (May 21, 2021): Raised $7,000,000 from 19 investors.
      • Private Token Sale (Jan. 1, 2022): Raised $600,000.
      • Grant (Oct. 13, 2023): Received $4,824,000.
      Last Updated: 12/14/2024 02:21 UTC
    • Halal Status of MUX Protocol

      • Halal Status: No
      • Reason: MUX Protocol is listed as "Questionable" in halal crypto reports, indicating concerns about its compliance with Islamic finance principles.
      Last Updated: 12/14/2024 02:22 UTC

    Description

    #1693

    MUX is a decentralized leveraged trading protocol allowing zero price impact trading, up to 100x leverage, no counterparty risks for traders and an optimized on-chain trading experience.

    Sector:
    Blockchain:

    Market Data

    Rank: 1693
    Volume: 66K
    Marketcap: 8.7M
    Fully Diluted Value: 11M
    Circulating Supply: 79%
    54K 105/143