What is #MYX ? Why am I optimistic about this project!
The entry of Sequoia Capital, Linea, and the Binance Foundation marks the official start of MYX Finance's 'value discovery' process. What institutions are focusing on is not short-term speculation, but the innovation in reconstructing the underlying logic of on-chain perpetual trading.
Traditional on-chain perpetual contracts (such as GMX, Hyperliquid) rely on 'semi-decentralized' matching, which carries trust risks or entry barriers. MYX achieves fully decentralized trading through the MPM (Multi-Parameter Market Maker) mechanism + node matching + decentralized staking governance:
Users can participate in node elections by staking MYX. The top 21 active nodes gain matching rights and share profits according to a customized distribution ratio, forming a 'node economy' competitive ecosystem; dynamic governance: all MYX holders vote on node seats through staking, with weight linked to staking amount and time, updated weekly to ensure power is decentralized; flywheel effect: the closed-loop design of staking → voting → matching → profit return → incentivizing staking, combined with the incentive mechanism of self-defined profit sharing ratios for nodes, naturally drives system efficiency improvements.
Underlying architecture potential: MYX aims for the next phase of infrastructure upgrades in DeFi, and its node economic model can be expanded to other derivatives tracks, possessing the imaginative space of a 'on-chain trading layer'; data verification: after one week of launch, TVL exceeded ten million dollars, verifying market demand, while the current circulating market value is only ten million dollars (not listed on major exchanges), significantly undervalued compared to GMX (150 million) and HYPE (11.5 billion); institutional synergy effect: the ecological resources of Sequoia and Linea, along with Binance's liquidity support, can accelerate MYX's user growth and TVL rise, forming a positive feedback loop of 'data-valuation'.
As I mentioned at the beginning, the value discovery process has just begun, and the valuation is still far from reflecting its potential; once the trading volume and TVL increase, the coin price will naturally rise, making it suitable for a strategic entry.
