HMX is a decentralized perpetual contract protocol based on the Arbitrum network, supporting cross-margin and multi-asset collateral functions. Users can leverage trade multiple assets, including cryptocurrencies and foreign exchange, with leverage of up to 1000x. Its unique multi-asset collateral mechanism allows users to directly use various tokens as margin, lowering trading barriers. HMX also establishes risk management parameters, provides a scientific liquidation mechanism, and features a competitive fee structure to ensure market stability.