HMX

HMX is a next-gen decentralized perpetual exchange with a cross-margin and multi-asset collateral support on Arbitrum. HMX offers the following unique features to users: 1. Leveraged Trading (Cross-Margin & Multi-Collateral Management Support): Users can open up to 1,000x leveraged long or short positions on many asset classes. HMX also accepts various crypto assets as collateral with a cross-margin collateral support, allowing for flexible position and risk management strategies. 2. Leveraged Market Making (HLP Vault): Users can simply deposit assets into the HLP vault to become market makers on HMX. HLP vault is unique because it is built on top of GMX's GLP token. This means that the liquidity deposited into the vault will be used to market make for traders both at GMX AND HMX. Depositors continue to earn 100% of the yields from GMX while also earning additional yields from fees generated on HMX. HMX coins this term "leveraged market making." - maximizing passive real yields for our users. 3. Rewarding Incentive Programs: We have many programs to reward HMX's platform users: 3.1 Traders' Loyalty Credit: For every $1 of trading volume, users will be awarded at least 1 TLC token (the rate depends on which asset users trade on). The TLC token can be staked to earn HMX rewards shared among the pool of others TLC staked. 3.2 Incentive Rewards for Open Positions: HMX will allocate a portion of esHMX emissions to open positions. Users will receive esHMX rewards for the period that their leveraged positions are active. That's right. You will earn $$ by just keeping your positions opened. 3.3 Rewards for Liquidity Providers: In addition to the protocol fees that liquidity providers will receive, we will also provide esHMX rewards as additional incentives to these users. 3.4 Referral Program: Help HMX onboard new users and earn rewards in the process. The users being referred can get up to 10.0% discount on trading fees while the referrers can earn up to 15% of their referee's trading fee revenue all paid in USDC.