MUFEX Unveils Testnet Inviting Early Supporters to Interact with a DEX
MUFEX, the Decentralized Perpetual Contract Exchange built on Arbitrum, has recently announced its testnet. The platform is now inviting early supporters to participate in testnet actions, allowing users to experience the platform's features.
To facilitate users' engagement in the testnet, the MUFEX team has prepared a comprehensive step-by-step guide, which can be found here. By following the guide, individuals may increase their chances to become eligible for a potential airdrop when the project launches its token.
MUFEX aims to combine the best aspects of both centraized and decentralized exchanges, with a primary focus on delivering an exceptional user experience without compromising the security of users' assets, according to project’s Medium blogpost.
MUFEX's hybrid model integrates the order book and liquidity pool mechanisms, resulting in enhanced liquidity and minimized slippage. Moreover, MUFEX plans to support an extensive range of trading pairs, offering leverage of up to 150 times. The platform employs Layer 2 ZK-rollups technology to address the issue of high gas fees.
The platform also boasts of a powerful decentralized exchange (DEX) that utilizes an off-chain contract and matching engine with a capacity of 100,000 transactions per second (TPS) and orders processed within a latency of fewer than 10 milliseconds.
Lastly, MUFEX places significant emphasis on delivering a user-friendly account experience. Building upon the abstract account model, the platform allows users to link their mailboxes and conveniently manage their assets with a single authorization, simplifying the transaction process and enhancing user convenience.
MUFEX claims that it has an experienced team comprising veterans in the crypto industry. However, the project has not revealed the identities of their team members. Also MUFEX has not secured investments from renowned investors at this stage.
About the author
Lee Brooks is passionate about the world of blockchain and crypto and by the endless possibilities these technologies offer