Explore the MUX protocol, a decentralized finance (DeFi) platform for perpetual futures trading, on the Avalanche.
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MUX Protocol: A Decentralized Perpetual Aggregator
MUX Protocol is a decentralized perpetual aggregator supports multi-blockchain. This means it allows users to trade crypto derivatives with leverage (borrowing funds to amplify their bets) in a peer-to-peer manner, without relying on a central exchange.
MUX aggregates liquidity from various leading perpetual swap protocols like GMX, Gains, and its own native pool. This provides users with better pricing and tighter spreads compared to using individual platforms.
MUX is partially governed by its native token, MCB. Token holders can vote on protocol upgrades and other proposals.
Overall, MUX Protocol offers a unique approach to decentralized perpetual trading, combining deep liquidity, optimized costs, and innovative features.
In this dashboard, we delve into examining the MUX protocol on the Avalanche chain. First, we look at the Total Value Locked of this protocol on the Avalanche chain. Then, we move on to reviewing the transactions executed on it, and finally, we also investigate user behavior.
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