MUTE

The Mute Switch is a zkRollup DeFi Platform built on zkSync v2. Invest & trade, earn yields, and participate in Bonds all on one decentralized, community driven platform. Leverage the security of Ethereum without high gas fees.

Mute, at its core, is a DeFi platform building a liquidity hub for all protocols built on zkSync. More specifically Mute's flagship dApp, the Mute Switch, is an AMM DEX w/ limit orders, a farming platform, and Bond platform. Mute is a solution for protocols on zkSync to properly incentivize liquidity for their own use cases.

The team behind Mute has a deep history with Zero-Knowledge protocols in crypto. Before Mute, the team created the first Zero-Knowledge Atomic Swap protocol between BTC and UTXO based chains, along with innovative work on Zerocoin and Sigma addressing schemes and transactions. Now, they bring that expertise to Mute and their new initiative: the Mute DAO. With a team that has a proven track record of innovation and expertise, Mute is ready to become a leading player in the zkDeFi space by building on zkSync and driving community long-term value to its.

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.