MUX Protocol (MCB)

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Trading

MUX Protocol is a decentralized derivatives trading platform that allows users to trade crypto with up to 100x leverage and zero price impact. It offers an optimized on-chain trading experience by aggregating liquidity from multiple chains and protocols, ensuring traders get the best prices and lowest costs.

Liquidity

The protocol unifies pooled liquidity across different blockchains, maximizing capital efficiency. Liquidity providers (LPs) can supply assets to multi-asset pools, earn rewards, and share in the protocol’s revenue. The liquidity is used to support leveraged trading and can also be farmed on external decentralized exchanges when not fully utilized.

Aggregation and Optimization

MUX Protocol includes a smart aggregator that routes trades to the best liquidity sources across chains and protocols. This reduces slippage and trading fees, providing users with the most cost-effective and efficient trading routes.

Multi-Chain Support

It supports cross-chain liquidity sharing without requiring users to move or merge assets manually. This multi-chain deployment enhances trading depth and flexibility.

Tokens and Rewards

Users can stake tokens like MUXLP to earn a share of the protocol’s income. The protocol distributes fees generated from trading to token holders, creating a source of real yield.

For more details, visit mux.network.

Pros

• Zero Price Impact Trading: Trades on MUX Protocol do not affect the market price, allowing for smoother trading.
• High Leverage: Offers up to 100x leverage, enabling traders to amplify their positions.
• Aggregated Liquidity: Combines liquidity from multiple sources and chains (Arbitrum, BNB Chain, Avalanche, Fantom, etc.) for better pricing and execution.
• Multi-Chain Support: Operates across several blockchains, increasing accessibility and capital efficiency.
• Low Fees: Competitive fee structure compared to similar perpetual trading platforms.
• Non-Custodial: Users trade directly from their wallets, maintaining control over their assets.
• Income Opportunities: Users can stake MUXLP tokens to earn protocol income and rewards, and lock MCB tokens for governance and additional rewards.
• Smart Contract Audits: The protocol’s contracts have been audited, adding a layer of trust.
• Innovative Aggregator: Routes trades to the best underlying perpetual DEX, optimizing costs and execution.

Cons

• Complex Token System: Uses multiple tokens (MCB, veMUX, MUXLP), which can be confusing for new users.
• Under the Radar: Despite solid technology and partnerships, it is less known compared to competitors like GMX.
• Volatility: Like most crypto tokens, MCB price can be volatile and influenced by market conditions.
• No Official GitHub Repository: Public code repository is not available, which might concern some users looking for open-source transparency.
• Relatively New: Still growing its user base and ecosystem compared to more established platforms.

For more details, visit the official website: https://mux.network/

Founders of MUX Protocol

MUX Protocol was originally known as MCDEX and evolved into its current form. The founding team behind the original MCDEX project, which became MUX Protocol, includes experienced developers and DeFi innovators. However, specific individual founder names for MUX Protocol itself are not explicitly listed in the available fresh data.

Related Founders (Mux Video Platform)

For clarity, the founders of Mux, the video streaming company (not related to MUX Protocol), are Adam Brown, Jon Dahl, Matt McClure, and Steve Heffernan.

If you want detailed founder names specifically for MUX Protocol, the project’s official website or their community channels might provide the most direct source.

Investors in MUX Protocol

MUX Protocol has attracted a variety of investors, including notable venture capital firms and crypto-focused investment groups. Some of the key investors are:

• Alameda Research
• Alliance (Accelerator)
• Bixin Ventures
• Coven
• D1Ventures

These investors have supported MUX Protocol through different funding rounds, helping the project grow and develop its leveraged trading platform.

Halal Status of MUX Protocol

• Answer: No clear public information confirms that MUX Protocol is halal.
• Reason: There is no official or scholarly Islamic finance ruling available online specifically addressing MUX Protocol’s compliance with halal principles. Without such guidance, it cannot be definitively classified as halal.