The first derivatives trading DeFi project on Heco

A new DeFi project, YFX will launch on Heco soon. According to YFX official twitter account, they are about to launch on Huobi Heco Chain.

There’s a lot of DeFi project launched on Heco this year, most of them were participate ‘WE MAKE FUTURE’ project last December. YFX was list on the second place of Derivatives and Insurances, now their project will launch on Heco.

YFX is an anonymous team with the slogan “In Math, We Trust. In Blockchain, We Trustless.”. In the world of DeFi, the only thing you can trust is the code. Their smart contract has a security audit report from Certik, which I quote ‘Their codebase…. achieve a high standard of code quality and security.’ This is a team who put product before tokens, not like those defi projects launch and

Issue tokens at the same time. Also, this not a project just forks codes from Github.

I bet $YFX tokens would have some value. For most people who may not notice or just think they are a trading place, if you read their whitepaper carefully, you could find in section 13, they talk about community governance by voting rights. These governances, I suspect, will vote by tokens and what’s more, if a defi project doesn’t issued token at first, it will airdrop for early users.

Follow me to be early adopter to this project:

https://ht.yfx.com/#/en/i?ref=0xab30047cb36965d6069900cd9546cd539989efb6

More details:

1. Brief Introduction

YFX is the first DeFi derivative exchange have 100x trading leverage. Other project like perpetual protocol, injective

2. Detailed Introduction

YFX is an automatic market-making decentralized exchange which offer perpetual contract trading. YFX launched on both Huobi Heco test net and TRON.

YFX is committed to building a DEX that could compete with CEX on perpetual contract trading.

3. Token Information

YFX does not issue any token yet. But according to their white paper, YFX will issue governance token $YFX. But I would assume YFX will have an airdrop for early users.