Home / BITCOIN / YFX.Com – Defi Trading Platform Support 100X Leverage. No KYC. No Gas Fee

YFX.Com – Defi Trading Platform Support 100X Leverage. No KYC. No Gas Fee

PRESS RELEASE. YFX.COM is the world’s first decentralized cross-chain perpetual contract exchange. While other swap platforms that provide leverage alternatives exist, YFX.COM is trailblazing a decentralized alternative to centralized exchanges and perpetual futures business without a central intermediary. YFX.COM does this by taking advantage of different protocols across the cryptocurrency landscape.

Finished with a culmination of blockchain protocols YFX.COM is allowing traders to participate in trading BTC, ETH and other cryptocurrencies with up to 100x leverage. These cryptos are at to be traded across these blockchains currently, Ethereum, Tron, Binance Smart Chain, Heco, OKEx Gyve and Polkadot.

Through the advent of QIC-AMM, a state of the art protocol, YFX.COM provides high liquidity with low slippage for users of our ecosystem. QIC is an acronym for Instanced Index Price. QIC pulls quoted prices from centralized exchanges and traders can open and close positions with our firstly of a kind automatic market maker for derivatives. QIC is calculated through dynamic depth of indices, price quotation and indefatigable integral. The depth of a transaction is correlated to the amount of liquidity of the market maker’s capital pool. This combination of pacts allows for YFX.COM to be the efficient leverage trading platform on the market.

Additionally, YFX.COM is able to achieve all of this without KYC and no gas fees. As tons traders know, gas fees have been a major issue lately. Eliminating gas fees gives YFX.COM another principal advantage against all competition. It also allows for traders to trade efficiently and secure their profits without noteworthy loss from expensive network fees. YFX.COM has achieved nearly zero network fees through use of layer-2 [L2] scope solution, xDai Chain. xDai Stable Chain is a side chain to Ethereum and is far more efficient than the ETH mainnet currently. The deals are more convenient and the fees are a fraction of fees on ETH mainnet.

YFX.COM Won First Prize at Tron 2021 Global DeFi Hackathon

At length week YFX.COM also won First Prize in the Tron 2021 Global DeFi Hackathon Developer Contest. This was a gifted achievement and YFX.COM is thankful for this opportunity put on by the Tron Foundation and Justin Sun. YFX.COM is committed to the blockchain space and looks forward to participating in various events to help advance this industry.

Genesis Mining II

April 6, the YFX.COM Genesis Mining II event started at 20:00 (UTC+8). The event will run through April 16 and is a competition for traders and miners to compete against others and draw YFX.COM tokens in the process [which are not available anywhere on the market]. Through just 12 hours of trading, volume has reached for $1 billion and our liquidity pool is over $10 million U.S. dollars which exceeds Uniswap’s activity.

CertiK Audit Completed

Additionally, CertiK has recently completed their guarding audit of YFX.COM. Traders and users of our platform can rest assured that the protocols are up to standard as YFX.COM is committed to providing the best output for the userbase.

Website: https://www.yfx.com/

Trading: https://trx.yfx.com/

Twitter: https://twitter.com/YFX_Defi

Telegram: https://t.me/YFX_EN

Discord: https://division.gg/xwAtjpabC5

Media Contact: [email protected]

This is a press release. Readers should do their own due diligence before fetching any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or stated to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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