| ![YFX](https://coinmarketleague.com/rest/coin/getImg/27106/small_27106.png) Price: $0.02358 24H: 3.05% 7D: 0% Volume: $115 Market Cap: $636,661.42 Rank: 168 Votes 24h: 0 Votes 7d: 0 | $0.02358 | 3.05% | 0% | $115 | $636,661.42 | 0 | 0 | |
YFX is a decentralized perpetual contract trading platform that offers low transaction fees and zero price impact trades allowing users to leverage up to 100x on their trades. YFX offers two main services to its users, perpetual contract trading and staking, also called YFX Earn. Users who stake assets on YFX are called liquidity providers (LPs). They provide liquidity to several single-asset pools that support perpetual contract trading and generate rewards from transaction fees and perpetual trading (P&L, funding fees, and liquidations). Since YFX does not support swap functions, users do not need to be concerned about impermanent loss. Here are some key characteristics of the YFX protocol: - YFX is a decentralized crypto exchange focused on perpetual contracts;
- YFX is currently deployed on the Arbitrum One Layer 2 (L2) scaling solution;
- YFX token underpins the tokenomics of YFX perpetual exchange;
- The protocol offers perpetual trading for BTC, ETH, and ARB with up to 100x leverage;
- YFX Earn unlocks various opportunities for passive income, including staking, vesting, and so on;
- The protocol is entirely web-based. No installations and downloads are required
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