Description
HMX is a next-gen decentralized perpetual protocol with a cross-margin and multi-asset collateral support on Arbitrum. HMX offers unique features including leveraged trading up to 1,000x, leveraged market making via the HLP vault, and rewarding incentive programs. As the first pool-based decentralized perpetual protocol offering multi-asset collateral and cross-margin support, HMX aims to address major pain points for traders. Its competitive advantages include high APR for liquidity providers, low trading fees, and product features like 1-click trading, advanced order types, and subaccount support, all while maintaining a decentralized, non-custodial model.