YFX.COM – Protocols and Products That Serve Users

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up to date: Apr 11, 2021 02:21 CST


YFX.COM is the world’s initial decentralized cross-chain perpetual deal trade. Although other investing platforms that give leverage choices exist, YFX.COM is trailblazing a decentralized choice to centralized exchanges and perpetual futures investing with out a central middleman. YFX.COM does this by taking edge of different protocols throughout the cryptocurrency landscape.

By a culmination of blockchain protocols YFX.COM is letting traders to participate in buying and selling BTC, ETH and other cryptocurrencies with up to 100x leverage. These cryptos are out there to be traded throughout these blockchains now, Ethereum, Tron, Binance Smart Chain, Heco, OKEx Chain and Polkadot.

By way of the advent of QIC-AMM, a state of the artwork protocol, YFX.COM offers significant liquidity with small slippage for buyers of our ecosystem. QIC is an acronym for Quoted Index Cost. QIC pulls quoted prices from centralized exchanges and traders can open up and close positions with our very first of a kind computerized market maker for derivatives. QIC is calculated by means of dynamic depth of indices, price quotation and continuous integral. The depth of a transaction is correlated to the total of liquidity of the market place maker’s funds pool. This mix of protocols lets for YFX.COM to be the effective leverage investing platform on the industry.

In addition, YFX.COM is able to achieve all of this devoid of KYC and no fuel expenses. As lots of traders know, gasoline service fees have been a key problem lately. Doing away with gas fees provides YFX.COM another significant gain towards all competition. It also allows for traders to trade efficiently and protected their gains without important decline from expensive network charges. YFX.COM has attained nearly zero network expenses as a result of use of layer-2 [L2] scaling remedy, xDai Chain. xDai Steady Chain is a aspect chain to Ethereum and is far more successful than the ETH mainnet at this time. The transactions are far more easy and the charges are a fraction of costs on ETH mainnet.

YFX.COM Gained Initial Prize at Tron 2021 Worldwide DeFi Hackathon

Final 7 days YFX.COM also received To start with Prize in the Tron 2021 World wide DeFi Hackathon Developer Contest. This was a wonderful accomplishment for YFX.COM and we are grateful for this possibility put on by the Tron Foundation and Justin Sunshine. We’re dedicated to the blockchain place and glance ahead to taking part in extra situations to assist advance this marketplace.

Genesis Mining II

April 6, our YFX.COM Genesis Mining II function commenced at 20:00 (UTC+8). The party will operate via April 16 and is a competitiveness for traders and miners to compete towards other people and generate YFX.COM tokens in the process [which are not available anywhere on the market]. By means of just 12 hours of buying and selling, quantity has arrived at over $1 billion and our liquidity pool is around $10 million U.S. bucks which exceeds Uniswap’s activity.

CertiK Audit Finished

Moreover, CertiK has a short while ago completed their safety audit of YFX.COM. Traders and people of our platform can relaxation certain that the protocols are up to conventional as we’re fully commited to furnishing the best product or service for our foundation.

Supply: YFX

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