Digital currency, as the first landing scenario of blockchain, has derived many tool-based products. Among them, the centralized exchange has always been at the top of the product food chain. Take the head exchange as an example, the profit value it creates is far unimaginable. Shortness and fastness have also become the most important feature of the exchange.
This also once led to opening an exchange to become a certain sense of "political correctness" in the industry, but where there are people, there are rivers and lakes. With the emergence of many centralized exchanges, CEX's reputation has become more and more. The worse, the more and more voices criticized by users, the naked eyes of "rolling money and running", "pinning and unplugging", "hacking attacks" tortured retail investors.
This phenomenon has prompted the emergence of DEX: DEX is a decentralized exchange. The exchange is only a platform and does not touch user assets. Transactions are completed through smart contracts.
Uniswap is the DEX that went online at the end of 2018. It runs on the Ethereum blockchain. From its success last year to the current barbaric growth, UNI is still being followed as a model and representative of DEX.
Since 2021, the tokens of the DEX track have risen sharply. For example, UNI and SUSHI have gained more than 10 times the increase from the bottom. Even so, most people still see the greater potential of DEX and believe that the value of UniSwap and SushiSwap is still underestimated.
But for most investors, the feeling of DEX is still an afterthought, whether it is from the product experience or the threshold of use, there is an inexplicable high cold feeling. One is simple, easy to operate, has many transaction targets, and has contract functions. A series of real needs are pushed onto the table.
Recently, the star decentralized contract exchange YFX, which was pushed on the Huobi Heco chain, has carried many needs of ordinary investors.
YFX is the world's first decentralized perpetual contract exchange (DEX) that provides 100 times leverage, adding an important part of the DeFi financial pyramid, and forming a central exchange (CEX) on the derivatives trading track Direct competition.
In any CEX, users have only one way to profit: use their experience to trade, in addition to traders also need some luck. But in YFX, users can profit in three ways.
First of all, just like any CEX, users can trade on YFX and make profits through trading.
In addition, users can act as market makers. As a market maker, users can earn part of the transaction fee by providing liquidity, because the market maker acts as a counterparty, and the trader's loss is the market maker's income.
CEX using the order book trading model requires market makers to have a wealth of knowledge and experience in encrypted trading, and sufficient funds. There is a huge threshold for ordinary users to become market makers. YFX simplifies the requirements of becoming a market maker by using QIC-AMM. With the help of QIC-AMM, users can add liquidity to the market maker pool and obtain passive income.
Finally, users can take advantage of the promotional activities provided by YFX. Whether you are a community influencer or just want to share YFX with your friends, YFX will provide a 40% transaction fee as a referral reward to anyone who recommends and invites others to trade on YFX. The referral reward has been written into our smart contract. Users will automatically get their referral rewards after their invitees place an order.
Large CEXs like Binance have invested a lot of money in marketing to attract more users to trade on their platform. For example, Binance offers similar transaction fee recommendation rewards for inviting new users. However, the kind of discounts provided by CEX always requires users to hold a certain amount of assets on its platform to get rewards. In YFX, users can join the referral program and get rewards without investing any assets on the platform.
Currently YFX has supported multiple chain transactions, including TRON, Heco, etc., and will shine in more ecosystems in the future. It is worth mentioning that with the launch of the layer2 trading solution and Eth2.0, YFX may be a decentralized exchange that deserves attention and is becoming more and more popular.
ReferenceWebsite: https://www.yfx.com/
Twitter: https://twitter.com/YFX_Defi
Telegram: https://t.me/YFX_EN
Discord: https://discord.gg/xwAtjpabC5