YFX will launch YFX V2 on July 14th

YFX.COM
2 min readJul 14, 2022

After a one-year-long research and development and audit cycle, the YFX decentralization perpetual contract agreement V2 version will be launched at 1:00 pm (UTC) on July 14th, 2022, and the public chain for the first launch is the Heco Chain.

Transaction address:https://ht-v2.yfx.com/#/

Certik Audit Report: https://www.certik.com/projects/yfx

Why choose Heco Chain?

The transaction fee of the perpetual contract is expensive, and the gas fee is high. It can reduce the user’s transaction fee by using Heco Chain. The first online trading pair is ETH-USDT (USDT-settled) and ETH-USDT (YFX-settled).

Heco Chain Official Website: https://www.hecochain.com/en-us/

Cross-chain bridge

Get the exchange for USDT on HT and Heco:

https://coinmarketcap.com/currencies/huobi-token/markets/

https://www.huobi.com https://www.ftx.com https://www.gate.io https://poloniex.com https://www.mexc.com

Heco Configuration parameters

Chainid: 128

RPC: https://http-mainnet.hecochain.com

Currency Symbol: HT

Scan: https://hecoinfo.com

YFX V2 Upgrade Content

1. Liquidity aggregation for market maker funds, using Uniswap V3’s aggregated liquidity algorithm to calculate taker’s trading slippage, which in turn generates virtual order books based on the depth of each price tick.

2. To reduce the risk of holding positions in the liquidity pool, YFX V2 introduced a funding fee function to regulate the long-short balance of the market.

3. YFX V2 optimized the position model with a single position model, improved user capital utilization and reduced position risk.

4. To meet the user’s trading needs, YFX V2 implements the limit order function in the form of conditional commission and conditional orders.

5. Add take profit and stop loss function

6. Perform UI 2.0 upgrade and add the asset page.

Trading competition

V2 has been launched, and we will start a trading competition on the Heco Chain in the future.

About YFX

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. YFX 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 QICAMM 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
Youtube:https://youtube.com/channel/UCR4m3-VfO27aQy4yc2goZvA
Facebook:https://www.facebook.com/profile.php?id=100069836976785
Media Contact: media@yfx.com

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YFX.COM

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