MUX Protocol (MCB)

Trading Features

MUX Protocol offers decentralized leveraged trading with up to 100x leverage, zero price impact, and no counterparty risks. It provides an optimized on-chain trading experience with deep aggregated liquidity and diverse market options. Traders can open and manage aggregated positions, benefiting from features like smart position routing, leverage boosting, and liquidation price optimization.

Liquidity and Aggregation

MUX Protocol unifies liquidity across multiple blockchains and integrates with various liquidity sources. Its aggregator automatically selects the best liquidity routes to minimize trading costs and ensure optimal trade execution. The protocol uses a multi-pool setup allowing liquidity providers to supply liquidity with customizable risk exposure.

Cross-Chain and Multi-Protocol Support

The protocol is deployed on several chains (e.g., Arbitrum, BNB Chain, Avalanche, Fantom) and supports cross-chain liquidity, enabling traders to access the best liquidity available across networks. It also integrates multiple perpetual trading protocols to enhance liquidity and trading options.

Earning and Staking

Users can earn rewards by providing liquidity through MUXLP tokens or by staking MCB tokens. Staking MCB grants veMUX, which entitles holders to protocol income and MUX rewards. Liquidity providers earn a share of protocol fees and can benefit from hedged market exposure.

Summary

MUX Protocol is designed to give traders a seamless, cost-effective leveraged trading experience with deep liquidity, cross-chain access, and multiple earning opportunities through staking and liquidity provision.

Advantages

• Zero price impact trading and up to 100x leverage allow traders to amplify their positions without affecting market prices.
• Aggregated liquidity from multiple protocols ensures better pricing and consistent trading experiences.
• Lower fees compared to competitors make trading more cost-effective.
• Users trade directly via their Web3 wallets, maintaining full control over their assets.
• Multi-chain deployment (Arbitrum, BNB Chain, Avalanche, Fantom) increases accessibility and capital efficiency.
• Staking MCB tokens earns veMUX tokens and protocol income rewards.
• The protocol shares income with liquidity providers and governance token holders, distributed weekly as ETH.
• Smart contracts are audited and there is an ongoing bug bounty program to enhance security.
• Supports a wide range of markets including crypto, forex, and commodities.

Disadvantages

• The use of four different tokens (MUXLP, MCB, MUX, veMUX) can be confusing for users.
• Recent trading volume has decreased, indicating lower market activity.
• The protocol is still relatively under the radar and less known in the broader crypto community.
• Mandatory time delays and fees on deposits and withdrawals may affect liquidity flexibility.
• Price performance has been mixed, with recent declines but still outperforming the overall crypto market downturn.

Founders of MUX Protocol

• The founders of MUX Protocol are Jon Dahl, Adam Brown, Matthew McClure, and Steve Heffernan.
• Jon Dahl is the Co-Founder and CEO.
• Adam Brown is the Co-Founder and CTO.
• Matthew McClure and Steve Heffernan are also co-founders involved in the company’s technology and product development.

These founders have a strong background in video technology and software development, having previously worked on projects like Zencoder and Video.js.

Investors in MUX Protocol

MUX Protocol has received investments from several notable backers. Some of the key investors include Alameda Research, Alliance (Accelerator), Bixin Ventures, Coven, D1Ventures, Binance Labs, Multicoin Capital, and Delphi Ventures. These investors have supported MUX Protocol through various funding rounds, helping the project grow and develop its decentralized leveraged trading platform.

Halal Status

No, MUX Protocol is not considered halal. According to Musaffa's screening based on AAOIFI methodology, McEwen Inc - MUX (related to MUX Protocol) is classified as not halal and not Shariah compliant for investment. This is because halal investments must avoid businesses related to interest-based financial services, among other prohibited activities.