Thread by @SamuelXeus

🚀 Supercharged for Traders 🚀

Trade crypto hassle-free with zero price impact, up to 100x leverage, and aggregated liquidity.

@muxprotocol handles all the hassle, delivering an optimized DEX trading experience on #ARB chain.

🧵, RT + ❤️

I was as curious as you are until I found @muxprotocol. In this thread I'll walk you through:

♦️ Getting to know @muxprotocol
♦️ Key component of @muxprotocol
♦️ Tokenomics
♦️ Incentives
♦️ Useful links

♦️ Getting to know @muxprotocol
The MUX Protocol Suite offers optimized trading costs, deep liquidity, diverse leverage options, and a wide range of market choices for traders.

♦️ Key component of @muxprotocol
MUX Leveraged Trading Protocol
MUX Leveraged Trading Aggregator

→ MUX Leveraged Trading Protocol
MUX leveraged trading protocol is a decentralized solution that enables zero price impact trading with up to 100x leverage. It prioritizes self-custody, provides aggregated liquidity, and ensures an optimized on-chain trading experience.

Also, MUX stands out as the pioneering multi-chain native protocol that unifies pooled liquidity across different chains, maximizing capital efficiency.

Traders can use MUX to:
Open up to 100x leveraged positions with zero price impact
Trade with optimal cost
Trade with aggregated liquidity
Use multiple types of assets as collateral

Liquidity providers can use MUX to:
Supply liquidity and obtain MUXLP tokens
Stake MUXLP to earn protocol income and MUX token rewards

→ MUX Leveraged Trading Aggregator
Within the MUX protocol suite, there exists a sub-protocol designed to autonomously determine the optimal liquidity route, minimizing overall costs for traders when initiating positions.

This aggregator also has the capability to provide traders with extra margin, allowing leverage to be increased up to 100x across aggregated underlying protocols.

♦️ Tokenomics
The protocol’s tokenomics involves four tokens:
→ MCB
→ MUX
→ veMUX
→ MUXLP

💫 MCB
MCB is the protocol’s main token. Users can lock MCB to receive veMUX which entitles them to protocol income and MUX rewards.

Supply
MCB token supply cap: 4,803,144
3,803,144 MCB tokens are from the current circulation.
1,000,000 MCB tokens are reserved for future MUX vesting.
Users can vest MUX tokens into MCB over 1 year.

Token Address:
💙🧡Arbitrum: 0x4e352cF164E64ADCBad318C3a1e222E9EBa4Ce42
🖤🧡BNB Chain: 0x5fe80d2cd054645b9419657d3d10d26391780a7b
🖤🤍Ethereum: 0x4e352cF164E64ADCBad318C3a1e222E9EBa4Ce42

You can buy MCB tokens from

Pancakeswap
pancakeswap.finance/swap

1inch
app.1inch.io/#/42161/classi…

Bridge
MCB tokens are available on Arbitrum, BNB Chain and Ethereum. Since staking activities and rewards distribution will all take place on Arbitrum, it is recommended to bridge your MCB tokens to Arbitrum.

Recommended bridges for MCB:

1/ app.multichain.org/#/router
2/ cbridge.celer.network/#/transfer
3/ bridge.arbitrum.io

💫 MUX
MUX is the protocol’s non-transferable reward token. Users can earn MUX through holding veMUX or staking MUXLP.

The current supply cap for MUX is 1,000,000, and the daily emission is 1,000. The supply of MUX tokens will decrease if they are vested into MCB; the vesting process will take one year

Token Address
Arbitrum: 0x8BB2Ac0DCF1E86550534cEE5E9C8DED4269b679B
MUX tokens are non-transferable and only available on Arbitrum.

💫 veMUX
veMUX is the protocol governance token; with more veMUX comes more voting power on protocol governance. Users can obtain veMUX from locking MCB and / or MUX. Holding veMUX will grant users protocol income and MUX rewards

💫 MUXLP
This is the protocol’s liquidity provider token, which users can buy with assets allowed by the pool portfolio. After buying the tokens, users can stake them to earn protocol income and MUX rewards.

Supply
There is no supply cap for MUXLP tokens. MUXLP tokens are minted when buy orders are filled, and burnt when sold.
Token Address
Arbitrum: 0x7CbaF5a14D953fF896E5B3312031515c858737C8
BNB Chain: 0x07145Ad7C7351c6FE86b6B841fC9Bed74eb475A7

Avalanche: 0xAf2D365e668bAaFEdcFd256c0FBbe519e594E390
Fantom: 0xDDAde9a8dA4851960DFcff1AE4A18EE75C39eDD2

Bridge
You can buy MUXLP tokens on Arbitrum, BNB Chain, Avalanche and Fantom. MUXLP staking and rewards distribution are only available on Arbitrum.

Recommended bridge for MUXLP:

cBridge cbridge.celer.network/#/transfer

♦️ Incentives
veMUX holders and MUXLP stakers can earn protocol income and MUX rerewards

Protocol Income Allocation
The protocol income collected from trading fees will be allocated as follows:
Total Protocol Income × 70% × POR: Allocate for veMUX holders (in ETH)

POR is the rate of Protocol Owned Liquidity
Total Protocol Income × 70% × (1 - POR): Allocate for MUXLP stakers (in ETH)
Total Protocol Income × 30%: Purchase MUXLP and add as protocol-owned liquidity

MUX Rewards Allocation
1,000 MUX will be distributed to veMUX holders and MUXLP stakers daily, allocated as follows:
1000 × (1-veRate) × (1-POR): Allocate for MUXLP stakers
veRate is the MCB and MUX staking ratio

veRate = veMUX Total Supply / (MCB Circulating Supply + MUX Circulating Supply)
The rest will be allocated for veMUX holders.

♦️ Useful links
Telegram: t.me/muxprotocol
Twitter: twitter.com/muxprotocol
Discord: discord.gg/bd88NrzN3N
Website: mux.network