MUX Protocol Price

MCDEX is a decentralized exchange (DEX) for futures built on the Ethereum layer-two scaling solution Arbitrum and Binance Smart Chain. According to the MCDEX team, it is designed to prioritize censorship resistance, security, and self-custody. Trading is permissionless, meaning anyone can trade, provide liquidity, or create new markets at will. Instead of using a traditional order book model, MCDEX uses an automated market maker to provide liquidity for traders. This allows MCDEX to solve the liquidity problem by allowing anyone to provide liquidity and make a reasonable profit doing so. The protocol’s declared goal is to allow anyone to create perpetual markets and trade in them, which is why there are several market participants on MCDEX: AMMs, operators, liquidity providers, traders, keepers and delegators.