Mirakle DeFi — the new miracle Decentralised Exchange on Fuse Network
What is Mirakle?
Mirakle is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades, launching in Sept on Fuse Network (fuse.io) via the Voltage.Finance Launchpad
Mirakle offers a range of exchange features to projects and users on Fuse Network — instant token swaps, advanced long and short positions with associated stop loss and take profit features, plus 70% of the trading fees are paid back to users who provide liquidity to the exchange via the QLP token.
What can you do on Mirakle?
1. Trade
Mirakle functions as a spot and perpetual exchange. This means you can either swap tokens instantly, or open Long or Short positions.
For a good primer on Long and Short positions read this: investopedia.com/long-and-short-positions
There are some more advanced techniques that you really need to know before opening a Long or Short position — such as ‘Stop-Loss’ and ‘Take Profits’ orders.
These are detailed in the mirakle docs here:
mirakle.gitbook.io/trading
For a simple introduction, read this:
2. Provide LP Assets
As a Decentralised Exchange, Mirakle allows users to put their own assets to work, buy adding them to Liquidity Pairs on the platform. In return users get QLP token, which earns 70% of the platform fees.
There are advanced risks with providing LP, so read the docs carefully!
mirakle.gitbook.io/qlp
Qiji Utility and Governance Token
The Qiji token is the utility and governance token of Mirakle. Owning Qiji means you’re invested in the project.
30% of the exchange fees are converted to the network token of the chain where Mirakle is deployed. In this case, Fuse token (coingecko.com/fuse).
These fees are then distributed to Qiji holders.
Qiji can also be staked for even greater rewards. Read the docs for full information: mirakle.gitbook.io/tokenomics
Security — Audits and Oracles
It’s really important that decentralised exchanges have been robustly tested and their smart contracts audited.
Audit
Mirakle smart contracts have passed extensive testing by Audit company Verichains.
Oracles
In addition, the other vulnerability is asset pricing data. To provide the most robust pricing data Mirakle have partnered with Supra Oracles (supraoracles.com) — a leading provider of up to date and accurate Web3 asset data.
Mirakle Launch — September 2023
Mirakle is launching soon in September 2023 on the Voltage Finance Launchpad on Fuse Network.
Meanwhile, see how you can take part in the pre-launch fun!
mirakle.medium.com/IDO
Links
- Website: https://www.mirakle.io
- Twitter: @defimirakle
- Telegram: Mirakle Perpetual DEX
- Whitepaper: Mirakle Whitepaper
- Audit Report: Mirakle Audit
- Logo & Brand Assets: Mirakle Assets
Important:
For legal clarity, none of this is financial advice. Please do your own research. The above is all for information only and not as advice or suggestion that you participate in any aspect of the Mirakle project or launch.
