What is Mute (MUTE)?
Mute is a decentralized finance (DeFi) platform built on zkSync v2 that provides users with a range of features, including a decentralized exchange (DEX) with limit orders, yield generation, bond offerings, and a DAO. It offers gas cost savings of over 95% compared to L1 ETH and enables users to leverage the security of Ethereum without high gas fees. The platform has variable liquidity provider (LP) fees and charges a protocol fee of 0.1%, with no LP minting fee. Settlements occur in 1-3 seconds, making it fast and efficient for users.
How Mute (MUTE) Works
The Mute platform offers 3 features:
- Mute Switch is an AMM-based DEX that offers limit orders. It enables the creation of pools with variable LP fees, ranging from 0.1% to 10%, which can be changed through an LP governance system, allowing LP providers and projects to build a larger revenue stream compared to traditional AMM-based DEXs and NFT marketplaces, while a 0.1% fee on total votes when changing pool fees helps prevent gaming the system with flash loans.
- Mute Switch Amplifier is a farming platform that incentivizes LPs by offering additional APY and MUTE rewards fueled by platform revenue and fees. Projects that are approved to be part of the program get a specific amount of MUTE token over a period of time with a target APY for liquidity providers, with each amplifier having a capped amount of buy-ins to ensure that the base APY is not diluted, while the amplified APY is variable and determined by a ratio of the user's snapshotted dMute vote value versus the total Mute rewards in the pool.
- Bond platform provides a way to trade MUTE-ETH LP share for MUTE at a lower cost basis and increase Protocol Owned Liquidity, compensating the user with more MUTE than they'd get on the market, but with exposure entirely to MUTE and no longer to MUTE-ETH LP, with bonds sold on a first-come, first-serve basis and dMUTE issued with a 7-day time lock.
There are two tokens within the Mute protocol. MUTE is a utility token that is used to access the Mute DAO, a lock-based voting system where users can lock their MUTE for a period of time to receive a soul-bound token called dMUTE, which is used to delegate votes and access various utilities offered by the Mute DAO.
How Many Mute (MUTE) Tokens Are in Circulation?
MUTE has 40 million tokens in total supply and all of them are in circulation.
How to Buy Mute (MUTE)
Consider investing in Mute (MUTE)? It only takes 2 minutes to create an account on Bitget and start trading MUTE.
Check out the available MUTE trading pairs on Bitget!
Spot market
Mute (MUTE) Resources
Simple 3-step guide to buying MUTE today in Canada
Create your free Bitget account
Select a funding method
Complete your Mute purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Mute using a payment method of your choice:
Buy Mute with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Mute order.
How to buy crypto with credit/debit cardBuy Mute with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Mute is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Mute order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Mute order.Buy Mute with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Mute order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Mute in your Bitget spot wallet
Bitget—where the world trades Mute
How to buy Mute for free
- Learn how to earn Mute for free through the Learn2Earn promotion
- Earn free Mute by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Mute airdrops by joining On-going challenges and promotions
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FAQ
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