YFX — a trading platform, providing up to 100x leverage for trading BTC, ETH and other cryptoassets, backed by ETH, Tron, BSH and Heco. By inventing QIC-AMM, YFX provides high liquidity and low slippage.
Contents:
Description of the project
YFX — a decentralized perpetual trading platform. In the future, support for ETH, USDC, USDT and WBTC will appear on the Ethereum blockchain. The order takes place on the blockchain and fills at the price, specified in the order. To avoid blockchain delays and uncertainties, YFX invents the QIC price quotation system.
How does the system work:
| Step one | The trader places his order on the blockchain. |
| Step two | The QIC price index system transfers the price to the smart contract at the time the order appears on the blockchain. |
| Step three | Opening or closing a position of a smart contract. |
YFX is not interested in your personal data. Trade 24/7 from anywhere in the world. YFX uses QIC-AMM, providing high elimination and low slippage. Developers design the LP pool with market depth in mind to avoid losing volatility. YFX will be Defi's first cross-chain trading platform. The user can choose to trade on Ethereum, Tron, BSC and Heco chains. In addition, there is no systematic liquidation in the event of extreme market fluctuations.
On-chain price oracle is less efficiency, caused by blockchain lag and uncertainty. Since the current blockchain technology cannot meet the trading requirements, the centralized QIC price quotation system is currently in use. The QIC price runs on the latest price transaction on several major cryptocurrency exchanges.
Additional information
There is no WhitePaper and RoadMap document on the site. Instead, all information you need is available on the homepage of the site. You will also find answers to the most frequently asked questions, the main advantages and rules of work there.
From social networks, the community leads:
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