YFX is the world’s first decentralized cross-chain perpetual contract exchange. While other trading platforms that provide leverage alternatives already exist, YFX is trailblazing a decentralized alternative to centralized exchanges and perpetual futures trading without a central intermediary. YFX does this by taking advantage of different protocols across the cryptocurrency landscape.
Through a culmination of blockchain protocols, YFX allows traders to participate in trading Bitcoin (BTC), Ether (ETH) and other cryptocurrencies with up to 100x leverage. These cryptocurrencies are available to be traded across Ethereum, Tron, Binance Smart Chain, Heco, OKEx Chain and Polkadot.
Through the advent of QIC-AMM, a state-of-the-art protocol, YFX provides high liquidity with low slippage for users. QIC, or quoted index price, pulls quoted prices from centralized exchanges, and traders can open and close positions with our first-of-a-kind automated market maker for derivatives. QIC is calculated through the dynamic depth of indexes, price quotation and constant integral. The depth of a transaction is correlated to the amount of liquidity of the market maker’s capital pool. This combination of protocols allows YFX to be the most efficient leverage trading platform on the market.
Additionally, YFX is able to achieve all of this without Know Your Customer and gas fees. As many traders know, gas fees have been a major issue lately. Eliminating gas fees gives YFX another major advantage against all competition. It also allows traders to trade efficiently and secure their profits without major loss from expensive network fees. YFX has achieved nearly zero network fees through the use of layer-two scaling solution, xDai Chain. The xDai Stable Chain is a side chain to Ethereum and is far more efficient than Ethereum’s current mainnet. The transactions are more convenient, and the fees are a fraction of Ethereum’s.
Last week, YFX also won first prize at the Tron 2021 Global DeFi Hackathon Developer Contest. This was a great achievement for YFX, and we’re thankful for this opportunity put on by the Tron Foundation and Justin Sun. We’re committed to the blockchain space and look forward to participating in more events to help advance this industry.
Genesis Mining II
On April 6, our YFX Genesis Mining II event began at 20:00 (UTC+8). The event will run through April 16 and is a competition for traders and miners to compete against others and earn YFX tokens in the process, which are not available anywhere on the market. Through just 12 hours of trading, volume has reached over $1 billion, and our liquidity pool is over $10 million, which exceeds Uniswap’s activity.
CertiK audit completed
Additionally, CertiK has recently completed its security audit of YFX. Traders and users of our platform can rest assured that the protocols are up to standard, as we’re committed to providing the best product for our base.