Mute MUTEPrice $ 0.000103

Mute is a zkRollup-based DEX with limit orders, farming platform, and bond platform built on Ethereum and zkSync. Invest & trade, earn yields, and participate in Bonds all on one decentralized, community driven platform.

Key features of Mute:

• AMM based DEX with limit orders

• Variable LP fee (0.1%-10%) upon pair creation

• Protocol fee (0.1%)

• 0% LP minting fee

• 1-3s settlements

• 95%+ gas cost savings compared to L1 ETH

• Yield Generation Platform 

• Bond Offerings

• DAO.

The native Mute token, MUTE, functions as a utility towards unlocking accessibility into the Mute DAO, which is a locked based vote system based on a soul-bound token, dMUTE (DAO Mute.io Token). A soul-bound token is a token that cannot be transferred and is locked to the address that receives it. This lock based system requires MUTE holders to lock their MUTE for a period of time (7-364 days), and in return receive a new soul-bound token, dMUTE. After the lock period is expired, you are able to redeem and burn your dMUTE back to your original MUTE balance, continue to hold dMUTE, or redeem & re-up a different time lock.

Historical events:

Mute (MUTE) has rebranded to Koi (KOI) and migrated from their older contracts to new ones on ETH and zkSync Era. For more information, please check this announcement: https://twitter.com/mute_io/status/1763232680206889283. The Koi (KOI) token page: https://cryptorank.io/price/koi-2