HMX $HMX

HMX is a decentralized perpetual exchange that relies on cross-margin and multi-asset collateral support operating on the Arbitrum platform. This project sets itself apart by offering a unique blend of useful features to its users. The HMX platform not only offers leveraged trading and leveraged market-making but also provides a well-established roadmap for future growth, expansion, and utility enhancement.

About HMX

The HMX project was developed by a team of experienced traders and DeFi users who wanted to address the key issues facing traders on existing platforms. They were particularly motivated by the 2022 failure of many centralized trading platforms. Their goal was to create a platform that offered a great user experience, low fees, and the ability for participants to earn and grow with the platform. HMX is backed by DeFi veterans like CoralDeFi, CryptoMind, CompoundCapital, and various other angel investors.

Unique Features of HMX

HMX offers a variety of unique features to its users, such as leveraged trading with Cross-Margin & Multi-Collateral Management Support. Users can open leveraged long or short positions up to 1,000x on various asset classes, including Cryptocurrency, Forex, Equity, and Commodities. HMX also supports various crypto assets as collateral with a cross-margin collateral support, allowing for flexible position and risk management strategies.

Another unique feature is the Leveraged Market Making (HLP Vault). Users can deposit assets into the HLP vault to become market makers on HMX. The liquidity deposited into the vault is used to market make for traders both at GMX AND HMX. Depositors continue to earn all yields from GMX as well as additional yields from fees generated on HMX.

Future Plans for HMX

HMX has an extensive roadmap planned for its future. Key highlights include a Cross-chain Expansion to grow the HMX ecosystem to other L2 chains such as zkSync and Starknet. They also plan to expand the selection of assets users can trade on HMX and grow the HMX user base and community through various marketing campaigns, AMAs, paid marketing, and trading competitions.

Utility of HMX Tokens

The HMX token has multiple uses: it earns a 25% share of protocol revenue in stablecoins when staked, earns a