According to BlockBeats news on May 12, the derivative trading protocol MYX Finance announced on May 12 the official launch of two core feature upgrades after IDO on Binance wallet and landing on Binance Alpha: the Keeper System staking node system and a new VIP tier system.
With the launch of the Keeper Network staking node system, MYX Finance users can stake MYX to 21 Keeper nodes selected by the community. The nodes are responsible for publicly executing transaction tasks, ensuring that transactions are efficient and secure. Additionally, the platform has simultaneously launched a fee buyback mechanism, using net income from transaction fees to buy back MYX and distribute it to staking nodes, continuously enhancing node returns and token value. In the Keeper Network, the more active users are in trading, the higher the node returns, creating a positive cycle of staking incentives and MYX deflation.
MYX Finance offers a VIP mechanism for holding tokens, unlocking CEX advanced VIP user fee discounts. Users only need to hold 10 MYX to automatically obtain the basic VIP level, with no locking or trading volume requirements. The more tokens held, the higher the fee discount enjoyed, far exceeding the cumbersome mechanisms of traditional CEXs, further enhancing the utility and market demand of MYX.
Through this upgrade, MYX Finance is accelerating the construction of an on-chain derivative ecosystem that everyone can participate in, driven by both node incentives and token empowerment.
