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What is YFX DEX? 

Launched in June 2020, YFX draws its roots from the fundamental mathematical expression y=f(x), encapsulated in their motto “In Math, We Trust; In Blockchain, We Trustless.” This platform is a pioneering force in the realm of decentralized perpetual exchanges.

Evolution of YFX

Since its inception, YFX has undergone significant development, evolving through four major iterations by 2023. It now operates under a community-driven governance model, with key figures like the community representative, 0xEuler, playing a pivotal role alongside a team of adept developers. This transformation aligns with the rising demand for decentralized financial solutions, particularly in perpetual contracts, leading to the launch of their latest innovation, the V4 version.

The YFX V4 Protocol

The YFX V4 version stands as a sophisticated framework within the perpetual protocol landscape, distinguished by its low-cost, high-efficiency trading environment. This version enables both traders and liquidity providers to leverage up to 200x, thus significantly enhancing capital utilization within the platform. Additional features like the Premium Index and Market Price are designed to maintain equilibrium between long and short positions. Moreover, the introduction of an earning system and a referral programallows participants to accrue YFX tokens at minimal costs while enjoying commissions at a rebate rate of up to 75%.

How to Trade on YFX V4 Protocol

Check out the step-by-step guide: https://decentralised.news/how-to-trade-on-yfx-v4-protocol