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YFX.Com - DEX That Offers 100x Trading Leverage on Perpetual Contracts

YFX.Com – DEX That Offers 100x Trading Leverage on Perpetual Contracts

PRESS RELEASE. YFX, the primary DEX that provides 100x buying and selling leverage on perpetual contracts has simply launched, including an vital piece to the DeFi cash legos, and making a direct competitors towards CEX on derivatives buying and selling.

The most traded Bitcoin product in centralized exchanges is Bitcoin futures, which is 10 occasions greater than spot buying and selling by way of the buying and selling quantity. But in DEX, spot buying and selling platforms like Uniswap are occupying a big portion of the whole buying and selling quantity, and there’s not a single decentralized futures buying and selling platform that might attain even 1/10 of Uniswap’s buying and selling quantity. What stops decentralized futures buying and selling platforms from turning into 10 occasions greater than Uniswap? Why are decentralized futures buying and selling platforms performing worse than their centralized counterparts?

The major cause is that decentralized futures exchanges don’t at the moment present a beautiful futures product to compete with centralized futures exchanges. For occasion, centralized futures exchanges like BitMex can present 100x leverage on Bitcoin futures buying and selling. On the opposite hand, decentralized futures exchanges like dYdX solely provide 10x leverage. None of the decentralized exchanges can sustain with the 100x leverage providing from centralized exchanges.

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YFX Descartes V1 makes use of QIC-AMM and a system de-risk mechanism emigrate perpetual futures buying and selling from CEX to DEX with out decreasing the buying and selling leverage, which makes YFX the primary DEX that might provide 100x leverage on a perpetual contract. You can do all the pieces on YFX that you are able to do on BitMex or OKEx. YFX is poised to compete immediately towards established centralized exchanges. YFX Descartes V1 runs on the TRON MainNet, for sooner transaction occasions and cheaper fuel charges in comparison with Ethereum. The YFX staff can be engaged on Ethereum’s Layer 2 answer to offer pragmatic perpetual buying and selling on DEX. YFX staff plans to launch their DEX on Huobi Heco and Ethereum Test internet in Q1, 2021.

About YFX

YFX is the primary DEX that provides 100x buying and selling leverage on perpetual contracts. YFX Descartes V1 launched on the TRON MainNet, and all trades are held and processed by sensible contracts. The major purpose of the YFX staff, which is fashioned by a gaggle of engineers who’ve years of expertise engaged on buying and selling programs and blockchain, is to construct a DEX that may compete with CEX on by-product buying and selling.

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Reference:

Website: https://www.yfx.com/

Trading: https://trx.yfx.com/

Twitter: https://twitter.com/YFX_Defi

Telegram: https://t.me/YFX_EN

Discord: https://discord.gg/xwAtjpabC5

Media Contact: media@yfx.com

 

This is a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or companies. Bitcoin.com just isn’t accountable, immediately or not directly, for any injury or loss precipitated or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about within the press launch.

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