Analyze the opportunities, challenges and advantages of YFX on the DeFi derivatives trac

Time:2022-01-20 Source: 896 views NFT Copy share

YFX is a cross-chain decentralized perpetual contract trading platform based on ETH (Layer2), BSC, Heco, Tron, OKExChain, and Polkadot.

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On April 27th, 2021, at 15:00 pm, the big guys in the chain talk live room will invite the sponsor of the YFX Chinese community John Wang to conduct a special live broadcast of #Analysis of DeFi Derivatives Track: YFX Challenges and Advantages, by the chain Talking about the media leader Sakura Sakura dialogue with John Wang, through the way of question and answer, the industry's most recent recent content is presented before your eyes.

The following is the transcript of the interview: (without changing the original intention, a little abridged)

Question 1: Please introduce YFX for everyone

John Wang: YFX (www.yfx.com) is a cross-chain decentralized perpetual contract trading platform based on ETH (Layer2), BSC, Heco, Tron, OKExChain, and Polkadot, providing assets such as BTC and ETH up to 100 times Perpetual contract trading services. YFX innovatively uses the QIC-AMM market maker pool trading mechanism with high liquidity and low slippage to provide users with a smooth and safe trading experience. YFX has successfully supported Layer2's perpetual contract trading services. It combines the Cefi-style leverage expected by perpetual contract traders and the liquidity and simplicity of the AMM of the Defi system. In the future, it will become the basic financial facility in the Defi field.

Question 2: What is the profound meaning of YFX's name?

John Wang: Let me first explain the meaning of YFX for everyone

YFX.com is a domain name that the team has spent a lot of money to buy. The full name is Your Future Exchange. Its mathematical meaning lies in the formula Y=F(x). A heart of awe.

Question 3: What are the product features of YFX?

John Wang: YFX is the only decentralized exchange that provides 100 times leverage for trading perpetual contracts. Other current projects such as: Dydx supports 10 times leverage, Perpetual supports 10 times leverage, Injective protocol is currently still on the test network.

The features of YFX products are:

1. YFX is the world's first cross-chain perpetual contract DEX that supports 100 times leverage

2. YFX's handling fee is the lowest among all DEXs, the handling fee is only 0.05%, and the funding rate is 0

3. The YFX team only focuses on decentralized derivatives trading, and the products are more professional and convenient

4. YFX is the world's first cross-chain perpetual contract DEX that supports 6 public chains

5. YFX's contract code is open source and has passed Certik's security audit, allowing users to maintain complete control over funds

6. YFX is the world's first perpetual contract DEX that supports forward, reverse, and hybrid

7. YFX perfectly realizes no overweight and no apportionment

8. YFX adopts the leading QIC-AMM mechanism to provide extremely high liquidity and extremely low trading slippage

9. YFX users don’t need to register and log in, don’t need KYC, withdraw coins without review, free deposit and withdrawal 7*24 hours

10. YFX has supported all wallets to open transactions, just open the wallet and enter "yfx.com"

Among them, the characteristics of QIC-AMM, no penetration, and multiple public chains make YFX more competitive.


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