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DN Decision Briefs / Platform evidence

MUX

MUX remains a suite that combines aggregator routing with native V3. Current docs now quantify native V3 costs more clearly, including 0.06% open/close position fees, hourly borrowing based on an 8% base annualized rate that can rise toward 40–50%, and a 0.06% liquidation fee.

Reviewed 2026-10-24Version 1.1.0No live execution tests

What Matters

Inspect the route behind the unified trading screen.

Provider-documentation review of MUX perpetual trading. Not a live execution test, exhaustive product inventory, security audit or individual eligibility assessment.

Scope: MUX aggregator routing and native V3 documentation. V1 and Degen rules are not assumed to apply to every route. No live quote comparison or routing benchmark was performed.

DN Evidence Block

Claims, sources and practical consequences.

Provider-reported

Can one trade use multiple underlying venues?

The aggregator describes routing across one or more liquidity sources based on market, size, available liquidity, estimated costs and user preferences.

Why it matters: Inspect the selected sources. A single interface can expose the position to several protocols and their distinct constraints.

MUX perpetual aggregator
Link to this dated claim
Inspect evidence trail
Evidence type
Provider documentation
Review scope
Current MUX aggregator and native V3 documentation on routing, native costs, boost charges, collateral and margin modes. No live routing, fill, withdrawal or eligibility benchmark.
Underlying review
2026-10-24 · brief v1.1.0
Recorded reviewer
Decentralised News editorial research. This does not identify an independent auditor.
Stable claim ID
dn:claim:mux:routing
Review saved claims

Sources and their limits

1 linked document from one publisher origin (mux). Multiple documents do not establish independent corroboration.

What would change this conclusion?

Revised supported liquidity sources, route-selection rules or size-specific route outputs.

Panel published 2026-10-24. The underlying review date is unchanged. No new live test or named independent reviewer is implied.

Open annotation data v1.8.0
Provider-reported

Does the native fee schedule apply to every route?

Third-party aggregator routes still inherit underlying-protocol economics. Current MUX V3 docs separately describe a 0.06% position fee on opening and closing, hourly borrowing based on an 8% base annualized rate that can rise with utilisation toward roughly 40–50%, plus a 0.06% liquidation fee.

Why it matters: Price the selected route and holding period. Native V3 rates cannot be applied to third-party routes, and borrowing can dominate longer holds.

MUX fee structure
Link to this dated claim
Inspect evidence trail
Evidence type
Provider documentation
Review scope
Current MUX aggregator and native V3 documentation on routing, native costs, boost charges, collateral and margin modes. No live routing, fill, withdrawal or eligibility benchmark.
Underlying review
2026-10-24 · brief v1.1.0
Recorded reviewer
Decentralised News editorial research. This does not identify an independent auditor.
Stable claim ID
dn:claim:mux:cost
Review saved claims

Sources and their limits

1 linked document from one publisher origin (mux). Multiple documents do not establish independent corroboration.

  • MUX fee structureReviewed 2026-10-24. Source publication/update date: not recorded in this snapshot.

What would change this conclusion?

Updated native V3 and underlying-protocol fee schedules, with the actual route and holding period identified.

Panel published 2026-10-24. The underlying review date is unchanged. No new live test or named independent reviewer is implied.

Open annotation data v1.8.0
Provider-reported

Is leverage boosting free additional margin?

Aggregator leverage boosting still adds supplied margin plus separate boost opening/closing and boost-funding costs on top of underlying venue economics.

Why it matters: Treat boost leverage as a second cost layer rather than free margin. Compare both underlying and boost charges.

MUX perpetual aggregator
Link to this dated claim
Inspect evidence trail
Evidence type
Provider documentation
Review scope
Current MUX aggregator and native V3 documentation on routing, native costs, boost charges, collateral and margin modes. No live routing, fill, withdrawal or eligibility benchmark.
Underlying review
2026-10-24 · brief v1.1.0
Recorded reviewer
Decentralised News editorial research. This does not identify an independent auditor.
Stable claim ID
dn:claim:mux:boost
Review saved claims

Sources and their limits

1 linked document from one publisher origin (mux). Multiple documents do not establish independent corroboration.

What would change this conclusion?

Changed boost margin, opening/closing charges or additional funding rules for the selected route.

Panel published 2026-10-24. The underlying review date is unchanged. No new live test or named independent reviewer is implied.

Open annotation data v1.8.0
Provider-reported

Do all V3 pools accept the same assets?

Native V3 remains pool-specific: elemental pools can use different collateral, market and directional-exposure configurations, and positions can span multiple elemental pools.

Why it matters: Confirm the exact V3 pool or underlying routed venue. No universal collateral list or risk model applies to every MUX route.

MUX V3 trading protocol
Link to this dated claim
Inspect evidence trail
Evidence type
Provider documentation
Review scope
Current MUX aggregator and native V3 documentation on routing, native costs, boost charges, collateral and margin modes. No live routing, fill, withdrawal or eligibility benchmark.
Underlying review
2026-10-24 · brief v1.1.0
Recorded reviewer
Decentralised News editorial research. This does not identify an independent auditor.
Stable claim ID
dn:claim:mux:collateral
Review saved claims

Sources and their limits

1 linked document from one publisher origin (mux). Multiple documents do not establish independent corroboration.

What would change this conclusion?

Updated elemental-pool collateral and market configurations for the selected position.

Panel published 2026-10-24. The underlying review date is unchanged. No new live test or named independent reviewer is implied.

Open annotation data v1.8.0
Provider-reported

Does a V3 feature description establish every route setting?

The native V3 overview lists cross and isolated margin. Aggregator routes can use other underlying protocols.

Why it matters: Verify the margin mode on the selected route; do not transfer native V3 settings to another venue.

MUX V3 trading protocolMUX perpetual aggregator
Link to this dated claim
Inspect evidence trail
Evidence type
Provider documentation
Review scope
Current MUX aggregator and native V3 documentation on routing, native costs, boost charges, collateral and margin modes. No live routing, fill, withdrawal or eligibility benchmark.
Underlying review
2026-10-24 · brief v1.1.0
Recorded reviewer
Decentralised News editorial research. This does not identify an independent auditor.
Stable claim ID
dn:claim:mux:modes
Review saved claims

Sources and their limits

2 linked documents from one publisher origin (mux). Multiple documents do not establish independent corroboration.

What would change this conclusion?

Revised native V3 or underlying-venue margin settings, verified separately for the actual route.

Panel published 2026-10-24. The underlying review date is unchanged. No new live test or named independent reviewer is implied.

Open annotation data v1.8.0
Not measured

Has DN verified the lowest-cost routing claim?

No contemporaneous multi-venue execution benchmark, withdrawal test or stop-loss reliability test was conducted for this brief.

Why it matters: Treat optimization statements as provider claims. Documentation alone cannot support a cheapest-platform ranking.

MUX perpetual aggregator
Link to this dated claim
Inspect evidence trail
Evidence type
Not independently measured
Review scope
Current MUX aggregator and native V3 documentation on routing, native costs, boost charges, collateral and margin modes. No live routing, fill, withdrawal or eligibility benchmark.
Underlying review
2026-10-24 · brief v1.1.0
Recorded reviewer
Decentralised News editorial research. This does not identify an independent auditor.
Stable claim ID
dn:claim:mux:measured
Review saved claims

Sources and their limits

1 linked document from one publisher origin (mux). Multiple documents do not establish independent corroboration.

What would change this conclusion?

A reproducible contemporaneous multi-venue benchmark with order sizes, fills, total costs and test limitations disclosed.

Panel published 2026-10-24. The underlying review date is unchanged. No new live test or named independent reviewer is implied.

Open annotation data v1.8.0

Evidence boundary

No invented rates. No implied guarantees.

  • Current executable quotes and all-in holding costs
  • Independent fill, stop-loss and withdrawal reliability
  • Live signing permissions and revocation behaviour
  • Individual eligibility and current regional restrictions

No numerical all-in cost is calculated. A valid comparison needs contemporaneous quotes for matching assets, product modes, notional sizes, directions and holding periods, with entry, holding and exit costs included.

Your research record

Keep the evidence.
Keep its limits.

The receipt preserves the provider sources and research gaps at version 1.1.0.

It is not a recommendation, approval, live quote or alert subscription. No account, balance, wallet or country is requested.

Scope
MUX perpetual trading (review scope)
Collateral scope
V3 pools have different collateral and exposure configurations. Verify the actual pool or underlying protocol; there is no universal token list in this brief.
Evidence version
1.1.0 / 2026-10-24
Live tested
No

Open evidence JSON

Change record

Reviewed dates, not inferred launch dates.

  1. DN evidence review

    Re-opened the three cited MUX documentation pages. This version adds current native V3 fee, borrowing and liquidation parameters while preserving the distinction between native V3 and third-party aggregator routes. No live routing, fill, withdrawal or eligibility benchmark was performed.

  2. DN publication

    Initial documentation brief. Account-specific conditions and evidence limits are preserved in this version.

Review triggers: Changed official product, fee or margin documentation; A substantiated correction; The 14-day editorial review deadline. No automated provider surveillance runs for this brief.

How to use this research

Provider-reported describes the source of a statement, not an independent endorsement. Unknown and not measured identify evidence gaps. A documentation review does not confer an operational-status classification or establish user eligibility.

DN may receive compensation through commercial links elsewhere on the site. This brief contains no trading CTA or payout-based ranking. A documentation review does not establish current operational status or user eligibility.

Educational research only, not investment, legal or tax advice. Leveraged derivatives can cause substantial losses.

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