Background
MUX will launch the MUX V3 Protocol in February/March 2025. The MUX V3 Trading Protocol is a decentralized perpetual trading protocol in the MUX protocol suite that offers 0% price impact trading, up to 100x leverage, cross and isolated margin modes, no counterparty risks, and a multi-pool setup that allows LPs to supply liquidity with highly customizable risk exposure options. Traders will trade against the MUX3LP pools through the MUX P2Multi-Pool model.
MUX will add 11 new MUX3LP pools to support V3 trading and liquidity mining features in the initial release. Each pool supports different collateral tokens and risk exposure. The proposed $1M from the MUX V2 POL will be moved to the MUX V3 POL and seed liquidity in the new V3 pools.
After the initial release of the V3 protocol with its core features, MUX will gradually add more features, including MUX V3 neutral mining, MUX V3 leveraged mining, and 1-click trading, in the coming months.
Proposal
MUX contributors propose moving up to $1M from the MUX V2 POL to MUX V3 POL and seed MUX V3 liquidity for the initial release. The assets will be allocated between 11 new MUX3LP pools, each with different BTC and ETH exposure levels.
The proposed liquidity-moving process will occur incrementally instead of all at once. The liquidity allocated to V3 will be counted toward the total POL value and will not affect POR.
Next Steps
- Community discussion surrounding this proposal
- Community members vote to approve/disapprove of this proposal