YFX V4 Will Officially Launch on 2024–5–8 10:00 (UTC+0)

YFX.COM
3 min readMay 7, 2024

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YFX V4 has undergone security auditing by Certik (an auditing firm invested by Binance) and will officially launch on 2024–5–8 10:00 (UTC+0). This launch will primarily include the new homepage and trading system, while the Stats page will go live within the following one to two weeks, and the mining system will open either after the trading volume exceeds $100,000,000 or according to the announced time.

Audit Report: https://skynet.certik.com/projects/yfx

YFX V4 has updated many new features, including LP Leverage, ChainLink & PYTH integration, a new LP-AMM mode, a new mining system, up to 70% rebate system, MPC wallet, etc. For more details, please refer to:

In YFX V4, the trading fee is the Lowest in decentralized perpetual market:

Initial Trading Pairs:

Referral System:

YFX V4 will provide up to 70% rebates and 20% trading fee discounts. If you have a trading channel meet our requirements, you can apply for the Genesis Referral Nodes.

https://yfxdefi.medium.com/apply-for-yfx-v4-genesis-referral-nodes-and-win-1-million-yfx-tokens-09e9f0adb2c4

For the referral rebate documentation, please refer to: https://docs.yfx.com/yfx-v4/referrals

Earning System:

To verify the robustness of the trading system of YFX V4 before opening the earning (Mining) system. When the overall system exceeds $100,000,000 in trading volume, we will announce the time of opening the earning system. The specific mining start time is subject to the announcement.

The new earning system will reward users participating in V4 with 10M-15M YFX over the next six months and continue to use a portion of the trading fees for buyback and burning of YFX. The specific mining rules will be publicly announced later, and the mining features include:

  • Staking YFX (using YFX for mining)
  • Trade Mining (using UTP from trading for mining)
  • Position Mining (mining by just holding positions)
  • LP Mining (mining by just providing liquidity)
  • Lock YFX (staking YFX for a period of time for mining)

For more details of Earning System, Please Refer to: https://docs.yfx.com/yfx-v4/earning

YFX V4 is a version that has accumulated over 3 years and is a highly community-driven version. All revenue will be distributed to the entire community through rebates or mining rewards. We hope everyone will join us in building a new trading community.

0xEuler

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YFX.COM
YFX.COM

Written by YFX.COM

Decentralized Perpetual Exchange. Trade BTC, ETH and more with up to 100x leverage directly from your wallet at https://www.yfx.com.

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