MUX Network Partnership with CELER
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 Liquidity – MUX 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 Pool – The 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.
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.
