MM.Finance is a decentralized exchange where you can swap tokens and earn passive income by staking your digital assets. It is a new introduction to the DEX industry, although we don’t know when exactly it was launched. Also, it is unknown where the parent company is registered.
MM.Finance overview
Let’s look at the main features of this platform:
- Cryptocurrencies supported
For a low trading fee, MM.Finance lets you swap tokens on the Cronos chain. Some of the supported crypto coins include CRO, MMF, MMO, METF, SVN, MSHARE, WCRO, WBTC, and USDC.
- Native token
The native powering the MM.Finance ecosystem is known as MMF. You can earn it from pools, yield farms, and trade mining.
- Funding methods
To swap tokens on this platform, you need the required number of coins in your wallet. If you don’t own any tokens, you need to buy them from an exchange that supports fiat currency.
- Wallets supported
You need to connect your wallet to the exchange before you can swap tokens. Currently, it supports Metamask and Crypto.com Defi Wallet.
How does MM.Finance work?
On this DEX, you can do the following:
- Swap tokens
You can trade one CRC20 token for another through automated liquidity pools. By swapping tokens, you will receive MMF tokens as a reward.
- Liquidity pools
By adding your tokens to liquidity pools, you can become a liquidity provider. This way, you can earn LP tokens which represent your share in the pool. You can redeem your funds by removing liquidity at any time.
- Yield farms
Here, you can stake LP tokens to earn MMF tokens. Each farm has its own APR, which depends on the value of LP tokens, the price of MMF, and the reward multiplier.
- Pool for staking MMF
You can earn free tokens by staking MMF. There are some special pools that let you stake other tokens besides MMF.
- Launchpad
By committing MMF tokens in the Launchpad during the sale, you can earn XXX tokens. The more you invest, the more tokens you can earn. After the sale is done, you can claim the tokens you’ve bought. In case there is an overflow, you can reclaim the remaining MMF tokens.
- NFT and marketplace
You can get a boost in farming rewards by using Mad Meerkat NFTs. They are also listed on MMF Marketplace, and you can buy and sell NFTs for MMF tokens.
What can you buy on MM.Finance?
This platform runs on the Cronos chain, which is a product of Crypto.com. Its transaction processing speed is higher than Ethereum and it has a rapidly growing user base. Some of the tokens you can buy on this DEX include MMF, USDT, ETH, WBTC, DAI, METF, CGS, GRVE, etc.
Is MM.Finance safe?
CertiK, a pioneer in blockchain security, has audited the smart contracts of this platform. The team is currently working on getting more auditor firms onboard.
User reviews
Currently, there are no user reviews for this newly-launched decentralized exchange.
MM.Finance fees, compatible wallets, and transactions
At this moment this DEX only supports Metamask and Crypto.com Defi Wallet. The trading fee for this platform is only 0.17%, which is much lower than others. Therefore, you always get favorable rates while trading here.
What are the ways to trade on MM.Finance?
To swap tokens on this platform, you need to navigate to the Exchange page on the official website. After connecting your wallet, you need to choose the token you wish to swap and the one you wish to receive. From the settings, you can change the transaction speed, slippage tolerance, and transaction deadline. To bypass confirmation modals and allow high slippage trades, you can enable expert mode.
Customer support
MM.Finance has a Telegram channel and a Discord server where you can seek help from members of the community. Unfortunately, there is no dedicated support team that you can reach out to via email or live chat.