MUX Degen Protocol

MUX Degen Protocol is a decentralized perpetual trading protocol tailored to enhance the long-tail assets trading experience.

The protocol uses dynamic price impact to adjust trading prices based on the position size; the deployed mechanism will mitigate price manipulation risks and ensure a fairer and more stable trading experience for all participants.

The MUX Degen Protocol has its own liquidity pool: the DegenLP pool. Traders will trade against the DegenLP pool on the MUX Degen Protocol. Due to the high-risk exposure, the DegenLP pool will only be open to whitelisted sophisticated traders and LPs to supply liquidity.