THELOGICALINDIAN - PRESS RELEASE YFX the aboriginal DEX that offers 100x trading advantage on abiding affairs has aloof launched abacus an important allotment to the DeFi money legos and creating a absolute antagonism adjoin CEX on derivatives trading
The best traded Bitcoin artefact in centralized exchanges is Bitcoin futures, which is 10 times bigger than atom trading in agreement of the trading volume. But in DEX, atom trading platforms like Uniswap are application a ample allocation of the absolute trading volume, and there is not a distinct decentralized futures trading belvedere that could ability alike 1/10 of Uniswap’s trading volume. What stops decentralized futures trading platforms from acceptable 10 times bigger than Uniswap? Why are decentralized futures trading platforms assuming worse than their centralized counterparts?
The capital acumen is that decentralized futures exchanges don’t currently accommodate an adorable futures artefact to attempt with centralized futures exchanges. For instance, centralized futures exchanges like BitMex can accommodate 100x advantage on Bitcoin futures trading. On the added hand, decentralized futures exchanges like dYdX alone action 10x leverage. None of the decentralized exchanges can accumulate up with the 100x advantage alms from centralized exchanges.
YFX Descartes V1 uses QIC-AMM and a arrangement de-risk apparatus to drift abiding futures trading from CEX to DEX after abbreviation the trading leverage, which makes YFX the aboriginal DEX that could action 100x advantage on a abiding contract. You can do aggregate on YFX that you can do on BitMex or OKEx. YFX is assertive to attempt anon adjoin accustomed centralized exchanges. YFX Descartes V1 runs on the TRON MainNet, for faster transaction times and cheaper gas fees compared to Ethereum. The YFX aggregation is additionally alive on Ethereum’s Layer 2 band-aid to accommodate businesslike abiding trading on DEX. YFX aggregation affairs to barrage their DEX on Huobi Heco and Ethereum Test net in Q1, 2024.
About YFX
YFX is the aboriginal DEX that offers 100x trading advantage on abiding contracts. YFX Descartes V1 launched on the TRON MainNet, and all trades are captivated and candy by acute contracts. The capital ambition of the YFX team, which is formed by a accumulation of engineers who accept years of acquaintance alive on trading systems and blockchain, is to body a DEX that can attempt with CEX on acquired trading.
Reference:
Website: https://www.yfx.com/
Trading: https://trx.yfx.com/
Twitter: https://twitter.com/YFX_Defi
Telegram: https://t.me/YFX_EN
Discord: https://discord.gg/xwAtjpabC5
Media Contact: [email protected]
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