Now, it is time for Mummy Finance to adapt to the prevailing circumstances. Mummy has consistently provided the finest platform for perpetual trading and swapping blue-chip tokens and stablecoins on Fantom Opera. Mummy Finance introduced Skeleton Finance, the V3 AMM DEX, which supports an array of new assets such as WBTC, WETH, USDC, USDT, and DAI, as well as native tokens of other protocols. These assets are made available through their partnership with LayerZero and Axelar, and the platform will be launching on Fantom Opera. As Mummy Finance Launches The Skeleton.

What is Skeleton?

Skeleton Finance aims to revolutionize the world of DEX on Fantom as the FIRST AMM DEX to support liquidity for both blue-chip tokens and stablecoins which is provided by Layer Zero and Axelar, Skeleton will offer seamless connectivity and enhanced liquidity options. Leveraging the full spectrum of advantages provided by PancakeSwapV3, such as Concentrated Liquidity, Smart Router, and Flexible Fees, Skeleton Finance is poised to deliver a cutting-edge trading experience to its users.

Furthermore, Skeleton Finance will address the prevailing issue of low liquidity for blue-chip tokens and stablecoins on Fantom Opera. Through its innovative solutions, Skeleton aims to provide robust liquidity options that will effectively tackle this problem, ensuring a more vibrant and efficient trading environment for these assets.

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About Mummy Finance

A SuperDEX that has implemented cutting-edge technology to provide traders with an unparalleled experience and reshape the concept of trading on Fantom Opera.

Website | Twitter

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SOURCE: MEDIUM

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Mummy Finance was to develop a platform where traders can freely engage in discussions, sharing news, strategies, and their thoughts on the market while actively trading. The chat room feature is available to all Mummy perpetual traders at absolutely no cost — simply click to join and participate. As Mummy Finance Launches The Trollbox.

Mummy Innovated Trollbox

With Discord Connect, you have two incredible options to join the conversation:

1️⃣ Talk directly from our website’s chat box (find the ‘Trollbox’ button on the bottom right corner) and immerse yourself in the thrilling trade discussions.

2️⃣ Dive into the ⁠#💹trading-strategies channel and discover a synchronized hub of trading enthusiasts. Every message in the ⁠#💹trading-strategies channel is seamlessly connected to the Trollbox on our website. This means you can engage with users not only on the site but also those messaging directly within the Discord channel itself, anytime, anywhere

When you join the group chat, you can freely discuss and share your current positions, performance, realized profits and losses, and other trading-related updates with other Mummy users. It’s a great opportunity to also share your team’s performance and gain insights into the trading strategies employed by your peers who are aiming to win the Loyalty program or coming trading competitions.

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About Mummy Finance

Mummy Finance is a swap and perpetual DEX that offers a variety of trading options and high liquidity for a wide range of blue chip crypto assets. It aims to become the solution for all traders who want to keep control of their capital and enjoy the best trading experience on Fantom Opera and Optimism.

Website | Twitter | Discord

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SOURCE: MEDIUM

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Highest ROI (%)

ROI (%) is defined as Profits / Max Collateral * 100 As Mummy Finance launches MMYBlitz Trading Contest.

Profits meaning: Sum of all realized and unrealized profits and losses, including open positions at the deadline

Max Collateral meaning: Total collateral used in positions at once, deducting any profits earned on it.

Highest Notional P&L

The highest Notional P&L is defined as Profits

Profits meaning: Sum of all realized and unrealized profits and losses, including open positions at the deadline.

How to win?

Trade eligible pairs during the contest period! The higher the ROI or Profits, the higher your rank!

Rules

• #MMYBlitz trading contest starts on January 1, 00:00 UTC, and runs until January 10, 00:00 UTC, on Fantom Opera
• Only trades opened and closed on Mummy within the competition date range will count toward the competition statistics
• In order to qualify for any prizes, please claim your profile on the Mummy Leaderboard
• Profits are counted on partially or fully closed positions, including the value of open positions at the contest deadline
• Max Collateral is the total collateral used for all open positions at once. Profits earned, and reusing collateral from your prior trades during the competition to reinvest in opening new positions, will not increase your max collateral. The minimum Max Collateral used for calculations will be $500
• Max Collateral, Profit, and Loss will be calculated in USD
• A trader can collect prizes in both categories: P&L(%) and Notional P&L
• If you are trading directly with the Mummy Contracts, trades should be possible based on the interface at app.mummy.finance
• Funders of the competition reserve the right to disqualify any address at their sole discretion

To Claim your Profile

• Click on the “…” icon at the top right of https://leaderboard.mummy.finance/fantom/leaderboard
• Click on Connect Metamask or Wallet-Connect to connect your wallet”
• Click on your account, then click “Claim account”
• Key in your Twitter handle (or ENS), then click “Sign & Post” to confirm

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About Mummy Finance

A SuperDEX that has implemented cutting-edge technology to provide traders with an unparalleled experience and reshape the concept of trading on Fantom Opera.

Website | Twitter

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SOURCE: MEDIUM

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What is Mummy Finance?

Mummy Finance is a swap and perpetual DEX that offers a variety of trading options and high liquidity for a wide range of blue chip crypto assets. The platform represents a new type of decentralized exchange due to the continuous innovation promoted by its developers. And now announcing Mummy Finance Overview.

What will they offer?

• Save on Costs – Enter and exit positions with minimal spread and zero price impact. Get the optimal price without incurring additional costs.
• Reduce Liquidation Risks – An aggregate of high-quality price feeds determine when liquidations occur. This keeps positions safe from temporary wicks.
• Simple Swaps – Open positions through a simple swap interface. Conveniently swap from any supported asset into the position of your choice.

Tokenomics

MUMMY their native token acts as the platform’s utility and governance token, holding the token unlocks a variety of benefits.

Staking

• Escrowed MMY
• Multiplier Points
• Fantom Rewards

Supply

The max supply of MMY is 10,000,000.

The increase in circulating supply will vary depending on the number of tokens that get vested, and the number of tokens used for marketing/partnerships

MMY allocations are:

1. Initial liquidity (10%): 1,000,000 MMY + $50,000. Start price: $0.05
2. The remaining 90% MMY will be converted to Escrowed MMY (esMMY) in 1 year:
   • DAO fund (10%): 1,000,000 esMMY (Vesting in 1 year)
   • The MUMMY NFT (15%): 1,500,000 esMMY (Vesting in 1 year)
   • Dev Fund (10%): 1,000,000 esMMY (Vesting in 1 year)
   • MLP Staker (35%): 3,500,000 esMMY (Vesting in 1 year)
   • MMY & esMMY Staker (20%): 2,000,000 esMMY (Linear 1 year)

Fees Distribution

Fees collected by the platform in the form of the network’s native token — FTM are distributed as follows:

1. 60% fees for MLP Staker
2. 30% fees for MMY & esMMY Staker
3. 5% fees for Buyback MMY & Add liquidity MMY/USDC (DAO)
4. 5% fees for Buyback & Burn

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­Website | Twitter | Discord

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Mummy Finance aims to become the solution for all traders who want to keep control of their capital and enjoy the best trading experience on Fantom Opera, with distinctive advantages.

Why build on Fantom Opera?

A key benefit of the Fantom Opera blockchain is that it allows app developers to customize their applications. Since it is highly scalable, this network offers very high transaction speeds. In addition to its high scalability, the network offers high levels of security and decentralization. In addition, Fantom’s aBFT consensus makes trading on Fantom Finance fast, cheap, and secure.

• Fast: Lachesis parallelizes transaction processing and minimizes communication overhead within the system to achieve high throughput with almost instant finality
• Cheap: Transactions cost a fraction of a cent
• Secure: The network is secured via Proof-of-Stake and independent validators across the globe, providing Byzantine Fault Tolerance

Mummy Finance Tokenomics

MUMMY is the platform’s utility and governance token, holding the token unlocks a variety of benefits. After staking MMY, you will receive a staked MMY token. Note that the balance for this will return your total staked amount including any esMMY tokens and Multiplier Points.

STAKING

Staked MMY receives three types of rewards:

• Escrowed MMY
• Multiplier Points
• FTM Rewards

MMY Token Supply

The max supply of MMY is 10,000,000. The increase in circulating supply will vary depending on the number of tokens that get vested, and the number of tokens used for marketing/partnerships.

MMY allocations are:

1. Initial liquidity (10%): 1,000,000 MMY + $50,000. Start price: $0.05
2. The remaining 90% MMY will be converted to Escrowed MMY (esMMY) in 1 year

• DAO fund (10%): 1,000,000 esMMY (Vesting in 1 year)
• The MUMMY NFT (15%): 1,500,000 esMMY (Vesting in 1 year)
• Dev Fund (10%): 1,000,000 esMMY (Vesting in 1 year)
• MLP Staker (35%): 3,500,000 esMMY (Vesting in 1 year)
• MMY & esMMY Staker (20%): 2,000,000 esMMY (Linear 1 year)

Fees Distribution

Fees are collected by the platform in the form of the network’s native token.

• 60% fees for MLP Staker
• 30% fees for MMY & esMMY Staker
• 5% fees for Buyback MMY & Add liquidity MMY/USDC (DAO)
• 5% fees for Buyback & Burn

STAY CONNECTED WITH MUMMY FINANCE

Website | Twitter | Medium | Telegram | Discord

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