YFX, The First DEX That Offers 100x Trading Leverage
SAN FRANCISCO, CA / ACCESSWIRE / January 19, 2021 / YFX, the first DEX that offers 100x trading leverage on perpetual contracts has just launched, adding an important piece to the DeFi money legos, and creating a direct competition against CEX on derivatives trading.
The most traded Bitcoin product in centralized exchanges is Bitcoin futures, which is 10 times bigger than spot trading in terms of the trading volume. But in DEX, spot trading platforms like Uniswap are occupying a large portion of the total trading volume, and there is not a single decentralized futures trading platform that could reach even 1/10 of Uniswap s trading volume. What stops decentralized futures trading platforms from becoming 10 times bigger than Uniswap? Why are decentralized futures trading platforms performing worse than their centralized counterparts?
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESAll figures in United States dollars unless otherwise noted.TORONTO, Jan. 11, 2021 (GLOBE NEWSWIRE) Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan” or the “Company”) is pleased to announce that it has divested a substantial portion of its loan portfolio above its most recently disclosed aggregate fair market value. The Company sold its entire ownership interest of the First Lien Term Loans of SW Ingredients Holdings, LLC, Welcome Dairy, LLC, Arcline FM Holdings LLC, TCP Sunbelt Acquisition Co. and Wesco Group, LLC at a weighted average price of 98.04% of face value (compared with a weighted average fair market value of 97.17% of face value as of September 30, 2020) for aggregate cash proceeds of approximately $15,876,721. In connection with the sale of this portfolio of loans, the Company’s wholly-owned subsidiary, Great Lakes Senior MLC I LL