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MUX Network Partnership with CELER

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MUX Network Partnership with Celer, users can add liquidity on any deployed chains by buying MUXLP tokens with supported assets.

MUX is a decentralized leveraged trading protocol allowing zero price impact trading, up to 100x leverage, no counterparty risks for traders and an optimized on-chain trading experience. In addition, MUX is the first multi-chain native protocol unifying pooled liquidity across deployed chains to maximize capital efficiency. As MUX Network announced its partnership with Celer Network.

Traders can use MUX to:

  • Open up to 100x leveraged positions with zero price impact
  • Use multiple types of assets as collateral
  • Trade with low fees

Liquidity providers can use MUX to:

  • Supply liquidity and obtain MUXLP tokens
  • Stake MUXLP to earn protocol income (protocol fees and third-party DEX mining yield) and MUX token rewards

MUX dynamically allocates liquidity for margin trading and third-party DEX mining; please check Liquidity Multiplexing for more details.

Community members can use MUX to:

  • Lock MCB to receive veMUX
  • Hold veMUX to earn protocol income and MUX token rewards.

Core features

  • Universal LiquidityMUX unifies liquidity across networks by using a broker module, which is a bot that monitors total liquidity and the liquidity reserved for margin trading.
  • Liquidity Multiplexing – Dynacially shares liquidity across multiple utilization routes, including on-platform margin trading and third-party DEX mining
  • Multi-Asset PoolThe MUXLP pool, which is the counterparty of traders, is always fully collateralized with a portfolio of blue-chip assets and stablecoins.
  • Dark Oracle – It  is a private price oracle which does not publicly display the prices of assets in the pool, and the primary purpose is to prevent front-running.

Website | Twitter

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About Celer Network

Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains. Developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.

Website | Twitter

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