Press release. YFX is the first DEX to provide 100 times trading leverage on perpetual contracts. It adds an important part of the DeFi currency tradition and forms a direct competition with CEX in derivatives trading.

The largest bitcoin product in centralized trading is bitcoin futures, which is 10 times larger than spot trading in terms of trading volume. But in DEX, spot trading platforms like Uniswap account for a large part of the total trading volume, and no decentralized futures trading platform can reach 1/10 of Uniswap’s trading volume. What prevents the decentralized futures trading platform from becoming 10 times larger than Uniswap? Why is the performance of decentralized futures trading platforms worse than centralized trading platforms?

The main reason is that decentralized futures exchanges are currently unable to provide attractive futures products to compete with centralized futures exchanges. For example, a centralized futures exchange like BitMex can provide 100 times leverage for Bitcoin futures trading. On the other hand, decentralized futures exchanges like dYdX can only provide 10 times leverage. No decentralized exchange can keep up with the 100 times leverage provided by centralized exchanges.

YFX Descartes V1 uses QIC-AMM and system de-risking mechanism to migrate perpetual futures trading from CEX to DEX without reducing the trading leverage, which makes YFX the first DEX that can provide 100x permanent contract leverage. You can complete any operation same as BitMex or OKEx on YFX. YFX is ready to directly compete with established centralized exchanges. YFX Descartes V1 runs on TRON MainNet. Compared with Ethereum, the transaction time is shorter and the gas fee is cheaper. The YFX team is also working on Ethereum’s second-layer solution to provide practical permanent transactions on DEX. The YFX team plans to release their DEX on the Huobi Heco and Ethereum testnets in the first quarter of 2021.

About YFX

YFX is the first DEX to provide 100 times trading leverage for permanent contracts. YFX Descartes V1 was launched on TRON MainNet, and all transactions are held and processed through smart contracts. The main goal of the YFX team composed of a group of engineers with many years of experience in the field of trading systems and blockchain is to establish a DEX that can compete with CEX in derivatives 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: media@yfx.com

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