YFX.COM – Protocols and Products That Serve Users

Press Release

up-to-date: Apr 11, 2021 02:21 CST

YFX.COM is the world’s to start with decentralized cross-chain perpetual deal trade. While other buying and selling platforms that supply leverage options exist, YFX.COM is trailblazing a decentralized option to centralized exchanges and perpetual futures investing with out a central middleman. YFX.COM does this by having gain of diverse protocols throughout the cryptocurrency landscape.

By a end result of blockchain protocols YFX.COM is allowing traders to participate in trading BTC, ETH and other cryptocurrencies with up to 100x leverage. These cryptos are offered to be traded throughout these blockchains at this time, Ethereum, Tron, Binance Sensible Chain, Heco, OKEx Chain and Polkadot.

Through the introduction of QIC-AMM, a state of the art protocol, YFX.COM offers substantial liquidity with small slippage for people of our ecosystem. QIC is an acronym for Quoted Index Rate. QIC pulls quoted prices from centralized exchanges and traders can open and shut positions with our very first of a type computerized sector maker for derivatives. QIC is calculated through dynamic depth of indices, selling price quotation and frequent integral. The depth of a transaction is correlated to the amount of liquidity of the industry maker’s cash pool. This mixture of protocols makes it possible for for YFX.COM to be the effective leverage trading system on the industry.

In addition, YFX.COM is in a position to reach all of this without the need of KYC and no gasoline expenses. As a lot of traders know, gasoline expenses have been a main difficulty currently. Eradicating gas costs offers YFX.COM an additional important gain versus all competitors. It also allows for traders to trade competently and safe their gains without the need of major decline from high priced community charges. YFX.COM has obtained just about zero network charges by way of use of layer-2 [L2] scaling solution, xDai Chain. xDai Steady Chain is a facet chain to Ethereum and is considerably far more efficient than the ETH mainnet at this time. The transactions are far more effortless and the service fees are a portion of service fees on ETH mainnet.

YFX.COM Gained Initially Prize at Tron 2021 World DeFi Hackathon

Last week YFX.COM also won First Prize in the Tron 2021 Worldwide DeFi Hackathon Developer Contest. This was a wonderful accomplishment for YFX.COM and we are grateful for this option set on by the Tron Basis and Justin Sunlight. We are fully commited to the blockchain space and seem ahead to taking part in much more functions to assistance advance this sector.

Genesis Mining II

April 6, our YFX.COM Genesis Mining II celebration began at 20:00 (UTC+8). The celebration will operate by means of April 16 and is a opposition for traders and miners to contend against other individuals and gain YFX.COM tokens in the method [which are not available anywhere on the market]. By just 12 hrs of buying and selling, volume has attained in excess of $1 billion and our liquidity pool is in excess of $10 million U.S. pounds which exceeds Uniswap’s activity.

CertiK Audit Completed

Also, CertiK has not long ago completed their protection audit of YFX.COM. Traders and buyers of our platform can rest confident that the protocols are up to conventional as we’re committed to giving the most effective merchandise for our base.

Resource: YFX

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