MUX Protocol

What is MUX Protocol?

MUX Protocol is the first decentralized perpetual trading aggregator, designed to streamline cryptocurrency trading by offering deep aggregated liquidity, optimized trading costs, and up to 100x leverage. It enables users to trade across diverse markets with features like smart position routing and lightning-fast execution.

• Decentralized trading with up to 100x leverage
• Smart position routing for optimized trading costs

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Recent Video Interview

Main points of the interview:

• The differences between Web2 and Web3 marketing, noting the need for constant experimentation due to the nascent stage of Web3.
• Mux, short for multiplexing, evolved from a previous protocol (MCDEX).
• Focus on decentralized perpetual swaps and aims to be a one-stop access for such services.
• The protocol suite includes Mux's native leveraged trading protocol and an aggregator that optimizes trading across multiple platforms.

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Leading Perps Aggregator

As a leading perpetual aggregator, MUX integrates with major liquidity sources like MUXLP, GMX (V1+V2), and gTrade, among others. This integration ensures traders benefit from deep liquidity and efficient execution.

• Aggregated liquidity from multiple sources
• Seamless integration with top protocols

MUX Perpetual Aggregator

The MUX Perpetual Aggregator is a sub-protocol that automatically selects the best liquidity route, minimizes costs, and offers additional margin to optimize liquidation prices.

• Automatic liquidity routing for cost efficiency
• Leverage boosting up to 100x

MUX Native Trading Protocol

MUX’s Native Trading Protocol offers zero price impact trading with no counterparty risks, allowing users to trade against the MUXLP pool. It provides a smooth and secure on-chain trading experience with high leverage.

• Zero price impact and no counterparty risks
• Trading against MUXLP pool for security

MUX Degen Protocol

The MUX Degen Protocol is tailored for long-tail assets, offering a specialized trading experience against the DegenLP pool.

• Specialized trading for long-tail assets
• DegenLP pool for advanced traders

Tokenomics Overview

MUX Protocol’s tokenomics include four key tokens: MCB, MUX, veMUX, and MUXLP. Each token serves specific roles, from governance to providing liquidity, with mechanisms to ensure sustainability and rewards for participants.

• MCB and MUX for governance and rewards
• veMUX and MUXLP for liquidity and staking

Project Development

• MUX Protocol experienced significant growth in 2023, increasing its Total Value Locked (TVL) from $10.1M to $60M.
• Trading volume surged from $1.9B to $26B, frequently ranking in the Top 5 on DeFiLlama’s 24-hour Volume rankings.
• MUX v2, launched in December 2022, addressed liquidity fragmentation by aggregating trades from GMX and gTrade.
• The protocol offered optimized trading costs, up to 100x leverage, and a streamlined user experience.

Check out MUX Protocol's offical update.

Other Projects in the Derivatives Category

• Drift Protocol: a decentralized Solana-based exchange for perpetual futures with cross-margined trading.
• RabbitX: a decentralized derivatives exchange offering secure, permissionless, 24/7 global market access.
• Mettalex: a blockchain-agnostic decentralized exchange using AI and a peer-to-peer order book.