YFX Review: What to Check Before Trading
YFX is an Arbitrum perpetuals protocol, but key details on fees, safeguards and how to start remain unclear.
By the SkyBitcoins review team · Updated
At a glance
YFX key facts
| Type | Decentralized perpetuals protocol |
|---|---|
| Chain | Arbitrum |
| Token | YFX |
| Audits | Two listed; scope and findings unclear |
| Value locked | $353+1.4% 7d |
| Updated |
YFX FAQs
What is YFX?
YFX is described as a decentralized perpetual contract protocol, and listings say it supports crypto trading with up to 100x leverage. The available details do not confirm which markets or trading tools you can currently use.
What does it cost to trade on YFX?
A fee schedule is not publicly clear, so check the trading interface for trading fees, funding payments and any other charges before placing an order. Leverage can magnify losses as well as gains.
Has YFX been audited?
Two audits are listed, but their dates, scope and findings are not established. That alone does not confirm the safety of the contracts or the current state of the protocol.
Compare
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How we checked
Sources
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