MUX Protocol is a fully decentralized perpetual swap exchange based on Mai Protocol, allowing anyone to create any perpetual market. Mai Protocol V3 designed by MUX Protocol is an AMM-based decentralized perpetual swap protocol.
The goal of this protocol is to allow anyone to create and trade in any perpetual market. To start with, anyone can create their own perpetual market with the price feed of underlying asset and choose any ERC20 as collateral. Secondly, we have designed an AMM for the perpetual market and this AMM also has better capital efficiency. Moreover, AMM solves the liquidity problem - anyone can provide liquidity to AMM by depositing assets in the pool and get reasonable market making profit. At last, anyone can trade perpetual swaps permissionlessly. Traders’ assets are in the smart contract in a noncustodial way and the process of trading are conducted on chain completely.
MCB is the protocol’s main token. Users can lock MCB to receive veMUX which entitles them to protocol income and MUX rewards. MCB tokens are available on Arbitrum, BNB Chain and Ethereum.
