I. YFX project details
1. Project background
YFX is the world’s first cross-chain decentralized perpetual contract trading platform that supports 100x leverage. It supports six blockchains: Ethereum, TRON, Binance Smart Chain, Huobi Eco Chain, OKExChain, and Polkadot. Different from the common automatic market maker model (AMM), YFX adopts the leading QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage. YFX’s goal is to build a DEX that can compete with CEX on derivatives trading.
2. Security audit
Certik, a well-known American blockchain security audit agency, conducted a comprehensive security audit on the smart contract code of the decentralized perpetual contract trading platform YFX.
For details of the audit report, please check: https://certik.foundation/projects/yfx
II. Read Before Mining
1. Prepare wallets that support YFX
YFX has been supported by mainstream dApps such as CodeBank, MetaMask, TronLink, Coin Wallet, Trust Wallet, MaiWallet, imToken, Token Pocket, BitKeep, Special, HyerPay, Aolink, etc.
Use links from supported wallets to join YFX Genesis Mining II. Search the following URLs in the Dapp market of major wallets:
Official website: https://yfx.com/
ETH link: https://xdai.yfx.com/
Heco link: https://ht.yfx.com/
Tron link: https://trx.yfx.com/
bsc link: https://bsc.yfx.com/
2. Wallet link YFX tutorial
The most detailed YFX CodeBank wallet usage tutorial: https://www.jinse.com/news/blockchain/1032054.html
The most detailed YFX Aolink wallet usage tutorial: https://www.jinse.com/news/blockchain/1032145.html
The most detailed YFX HyperPay wallet usage tutorial: https://www.jinse.com/news/blockchain/1032127.html
The most detailed YFX Token Pocket wallet usage tutorial: https://www.jinse.com/news/blockchain/1032280.html
The most detailed YFX BitKeep wallet usage tutorial: https://www.jinse.com/news/blockchain/1032115.html
The most detailed YFX imToken wallet usage tutorial: https://www.jinse.com/news/blockchain/1032103.html
The most detailed YFX Bitpie wallet usage tutorial: https://www.jinse.com/news/blockchain/1032099.html
The most detailed YFX wheat wallet usage tutorial: https://www.jinse.com/news/blockchain/1032067.html
The most detailed tutorial for using YFX Huobi Wallet: https://www.jinse.com/news/blockchain/1032084.html
The most detailed YFX TronLink wallet usage tutorial: https://www.jinse.com/news/blockchain/1032047.html
ETH (xDai layer2) tutorial:
The most detailed YFX PC terminal using MetaMask to trade in ETH (xDai layer2) / add liquidity tutorial
https://www.jinse.com/news/blockchain/1041460.html
The most detailed YFX Token Pocket wallet link ETH (xDai layer2) operation tutorial
https://www.jinse.com/news/blockchain/1042348.html
The most detailed YFX imToken wallet link ETH (xDai layer2) operation tutorial
https://www.jinse.com/news/blockchain/1042365.html
3. Please leave some tokens in wallet as a transaction fee
Do not use up all the tokens in your wallet in a single transaction, because all transactions require tokens as gas fee. At least make sure that you have a small amount of tokens left in your wallet as gas fee.
The gas fee token of each blockchain is different, Tron is TRX; Heco is HT; BSC is BNB.
(The following mining operations take ETH (xDai layer2) as an example, and the TRON chain, Heco chain and BSC chain are the same)
III. YFX trading mining tutorial
Operating procedures
1. Enter the trading page
1) Go to the YFX official website or wallet app to enter the trading page. It is recommended to use Google Chrome and install the Metamask wallet plug-in in advance.
Official website: https://yfx.com/
ETH link: https://xdai.yfx.com/
Heco link: https://ht.yfx.com/
Tron link: https://trx.yfx.com/
bsc link: https://bsc.yfx.com/
MetaMask wallet plug-in download link: (downloading needs to be over the wall, after downloading, there is no need to over the wall) https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en
2) Enter through supported DAPP wallets: CodeBank, MetaMask, TronLink, Coin Wallet, Trust Wallet, MaiWallet, imToKen, Token Pocket, BitKeep, Token Pocket, HyerPay, etc. Support ETH (layer2 xDai), Tron, Heco , BSC wallet enter the URL of the corresponding chain or click directly to enter.
2. Select the designated trading market trading pair to trade
You can participate in trade mining when you open long or short in the designated trading pair, and you can also participate in trade mining when you open and close a position.
Note: The trading pairs participating in the trade mining market are as follows:
3. Get hash power
Details
4. Trade mining rules:
1) During the event period, users can participate in mining by opening and closing positions in the designated trading pair, without registration.
2) If the opening time and closing time are not within the mining period, the hash power of the opening/closing position will not be calculated.
3) YFX Genesis Mining II will be mined on four public chains of Ethereum (xDai layer2), Huobi Eco-Chain Heco, Tron Chain, and Binance Smart Chain BSC, and tokens will be distributed together.
4) The mining rules are as follows:
- The trade mining is divided into 30 blocks, each block is calculated independently and mined independently, if the total trading volume of the current block reaches the target trading volume of the current block, a new block will be opened, repeat until all blocks are generated.
- When a new block is opened, the previous block will be settled. The total hash power of the previous block, my trading volume, my hash power, and my mining reward will be determined. At the start of the next block, the calculation will restart.
- If at the end of the event, all blocks have not been mined, the system will settle the mining rewards according to the deadline of the event.
- If the actual mining situation deviates significantly from the market, YFX will dynamically adjust the target trading volume of the block according to the market situation.
See the table below for block details
5) Trade mining adopts a ladder hash power model, which calculates hash power in stages according to the user’s trading volume.
- If the user’s trading volume exceeds the trading volume of the sixth tier, it will be calculated according to the trading power coefficient of the sixth tier.
- At the beginning of each new block, the hashrate coefficient returns to the state of the first step.
For example:
User A generated a total of 15 million USDT in a certain block during mining, and the corresponding hash power is
The hash power of the first step is 2000000*1=2000000
The hash power of the second step is (5000000–2000000)*1.05=3150000
The hash power of the third step is (10000000–5000000)*1.1=5500000
The hash power of the fourth step is (15000000–10000000)*1.2=6000000
The total hash power is 2000000+3150000+5500000+6000000=16650000
6) Since the trading volume and cost of ETH (xDai layer2), Heco, BSC, and Tron may be very different, there will be different blockchain coefficient bonuses for different public chains.
Example: If user A trades on ETH (xDai layer2), then A’s final computing power is 16650000*1.1=18315000
The final increase in hash power is (18315000–150000000)/15000000=22%
7) Estimated mining quantity in this block = My trade mining power in this block / Total trade mining power in this block * Total trade mining power in this block.
IV. YFX liquidity mining tutorial
During the event period, users can participate in liquidity mining by adding to a liquidity pool in the designated trading area.
The hash power of market-making liquidity mining is related to the amount of funds and the time when the funds participate in market-making. YFX platform will snapshot the market value of the fund pool every minute and calculate hash power.
Operating procedures
1. Enter the fund pool page
1) Go to the YFX official website or wallet app to enter the trading page. It is recommended to use Google Chrome and install the Metamask wallet plug-in in advance.
Official website: https://yfx.com/
ETH link: https://xdai.yfx.com/
Heco link: https://ht.yfx.com/
Tron link: https://trx.yfx.com/
bsc link: https://bsc.yfx.com/
MetaMask wallet plug-in download link: (downloading needs to be over the wall, after downloading, there is no need to over the wall) https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en
2) Access via supported DAPP wallets: CodeBank, MetaMask, TronLink, Coin Wallet, Trust Wallet, MaiWallet, imToKen, Token Pocket, BitKeep, DiPai, HyerPay, etc. Support ETH (xDai layer2), Tron, Hceo , BSC wallet enter the URL of the corresponding chain or click directly to enter.
2. Select the fund pool that participates in liquidity mining, click “Add” liquidity, and you can check the hash power on the mining page after adding liquidity.
Note: The platform will snapshot the share of the fund pool every minute and calculate the hash power. After the liquidity is successfully added, the hash power will be calculated. After the liquidity is successfully redeemed, the hash power will stop.
3. Get hash power
Holding a liquidity pool worth 1USD every minute will get 1 hashrate, and you can check your own liquidity mining hashrate on the mining page.
For example: Trader B adds 1000USDT liquidity to the liquidity pool of the BTC_USDT (USDT settlement) market. At this time, the net value of the pool is 1, and the LPtoken share is 1000. Then B trader gets hash power per minute = liquidity share * pool net value * 1 hash power / USDT = 1000*1*1 = 1000 hash power
Details
Note: This participation in the liquidity mining fund pool is as follows:
V. YFX trading competition tutorial
The trading competition is ranked according to profit and loss. The more profit and loss are, the greater the rewards are.
The ranking rewards are as follows:
Operating procedures
1. Enter the trading page
1) Go to the YFX official website or wallet app to enter the trading page. It is recommended to use Google Chrome and install the Metamask wallet plug-in in advance.
Official website: https://yfx.com/
ETH link: https://xdai.yfx.com/
Heco link: https://ht.yfx.com/
Tron link: https://trx.yfx.com/
bsc link：https://bsc.yfx.com/
MetaMask wallet plug-in download link:
https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en
2) Enter through DAPP wallets: CodeBank, MetaMask, TronLink, Coin Wallet, Trust Wallet, MaiWallet, imToKen, Token Pocket, BitKeep, Token Pocket, HyerPay, etc. Support ETH (layer2 xDai), Tron, Heco , BSC wallet enter the URL of the chain or click directly to enter.
2. Select the trading market to trade
You can participate in Mining by YFX trading competition(long or short), and it is ranked according to profit and loss.
3、Check your ranking
You can check the profit and loss and your rank in the minning page.
Details
Ⅵ.Genesis Invitation Mining
Invite other people to participate in YFX Genesis Ming, you will receive more Hash Power.
What is Genesis Invitation Mining?
1.Invite friends
Enter inviation page,copy share your invitation link with your friends.
2. Your friend can participant in Mining through the intivation link.
Enter the link
Mobile users need search by wallet app
3. Get hash power
Invite other people to participate in YFX Genesis Mining, you will receive 10% more Hash Power.
You can check your invitation mining data in the mining page.
Details
The trading pairs participating in the trade mining market are as follows:
Note:
- Please remind to use the invitation link to trade or you may not received invitation Hash Power.
- Your Hash Power for invitiation mining = Trade amount of invited friend * public chain patameter
YFX.COM is a cross-chain decentralized perpetual contract platform based on Ethereum, Binance Smart Chain, Huobi Ecological Chain, TRON,OKEx public chain, and Polkadot. It provides up to 100 times the perpetual contract trading BTC, ETH and other assets. Different from the common automatic market maker model (AMM), YFX.COM adopts the QIC-AMM market maker pool trading method to provide users with high liquidity and low trading slippage. YFX.COM has successfully supported layer2’s perpetual contract trading function. YFX.COM’s goal is to build a DEX that can compete with CEXs on the derivatives trading track.
YFX official contact information:
Website: https://www.yfx.com/
Twitter: https://twitter.com/YFX_COM
Medium: https://yfxdefi.medium.com/
Telegram: https://t.me/YFX_COM
Discord: https://discord.gg/xwAtjpabC5
Media Contact: media@yfx.com
