It has been seven wild months since the launch of the MUX Protocol, and we want to thank everyone for your continuous support! So far, MUX has had $2.73B organic trading volume, $2.7M protocol income, and more than 10,000 unique addresses have traded on MUX. In addition, MUX has shipped the leveraged trading aggregator, trading cost optimizations, and dozens of feature improvements to make MUX the all-in-one leveraged trading platform.

MUX will continue to improve and offer the best-in-class trading experiences. To show appreciation to traders, MUX will have a retrospective airdrop which will be sent to addresses that have traded over $10K under the MUXLP pool. 

Who's Eligible for the Airdrop

• Addresses that traded over $10K under the MUXLP pool between Aug. 2nd, 2022 and Feb. 26th, 2023, are eligible for the MUX token airdrop.

Airdrop Rewards Allocation

• The total airdrop rewards pool is 6000 MUX tokens.

• Claimers' rewards are calculated based on the addresses' trading volume proportion in the MUX - MUXLP pool total trading volume between Aug. 2nd, 2022 and Feb. 26th, 2023.

• If an eligible address's claimable airdrop is lower than 1 MUX based on the trading volume proportion, the rewards will be rounded up to 1 MUX.

How to Claim the Airdrop

• The Airdrop is claimable between Mar. 8th 0:00 am and Jun. 15th, 11:59 pm, UTC, 2023.

• Eligible recipients of the airdrop will see a "Claim Airdrop" button on the MUX top navigation bar.

Airdrop Rewards Source

• The airdrop rewards come from the MUX contributors' share and won't dilute the total token supply.

• The MUX team will lock 6,000 MCB tokens from the team's share to generate 6,000 MUX tokens for the rewards.

• Unclaimed MUX token rewards will return to the contributors after Jun. 15th, 0:00 am UTC, 2023.

MUX Token Utilities

MUX is the protocol's non-transferable reward token and can be utilized in two different directions:

• Stake MUX to obtain veMUX, then earn protocol income in ETH and more MUX tokens.

• Vest MUX into MCB, which is the protocol's transferable primary token.