In the rapid development process of decentralized finance (DeFi), the staking ecosystem of the decentralized trading protocol MYX has become the focus of industry attention. Recently, globally renowned investment institutions Sequoia Capital and Layer 2 technology platform LINEA announced their participation in @MYX_Finance node staking. This significant news injects strong momentum into MYX's innovative architecture and has sparked widespread discussion in the market about the future development of MYX's staking ecosystem.
One, the strategic layout of Sequoia Capital and LINEA.
As early as the initial opening of MYX staking, Sequoia Capital and LINEA showed strong interest and actively engaged in the construction of the staking ecosystem. Their early participation was like throwing a large stone into a calm lake, attracting widespread attention from the industry and injecting a strong boost to the development of the staking ecosystem.
Sequoia Capital, as an important investment institution in the technology and cryptocurrency fields, has always focused its layout on underlying innovations that can define industry rules. Its participation in MYX staking is mainly due to its high recognition of MYX's ‘nodes as matchmakers’ decentralized architecture. Unlike the centralized matching model of traditional protocols like GMX, MYX boldly opens trading execution rights to community nodes, building a ‘co-governance matching network’ through staking volume and voting mechanisms. This innovative model coincides with Sequoia Capital's long-standing philosophy of ‘democratizing decentralized finance’, liberating financial power from a few centralized institutions and returning it to community participants.
At the same time, MYX's ‘Multi-Path Matching Model (MPM)’ also shows great foresight. It is compatible with various trading modes, serving as a universal interface, reserving broad technical interfaces for future cross-protocol liquidity aggregation and Layer 2 integration. This means MYX can better adapt to the ever-changing DeFi ecosystem, achieve seamless connections with other protocols, and create more innovative financial application scenarios, fully aligning with Sequoia Capital's strict selection criteria for ‘next-generation DeFi infrastructure’.
As a Layer 2 solution based on zk-rollup technology, LINEA's participation in MYX staking highlights the complementarity of underlying technologies. LINEA has significant features of fast transfers and low gas costs, which are crucial for improving the on-chain matching efficiency of MYX nodes. In traditional blockchain networks, high gas fees and slow transfer speeds often hinder user transactions, while LINEA's technological advantages effectively reduce user transaction costs, making transactions smoother and more efficient. Furthermore, both parties are likely to explore innovative scenarios such as ‘Layer 2 node elections’ in the future, further expanding the staking mechanism into a multi-chain ecosystem, providing users with a more cost-effective cross-chain trading experience, breaking down barriers between different blockchains, and achieving true blockchain ecological interconnection.
Two, MYX staking mechanism.
MYX's staking mechanism is not a simple staking mining in the traditional sense but has carefully constructed a model of ‘governance + rewards + ecological co-construction’, redefining the sense of ‘participation’ in the DeFi field.
In the world of MYX, node access is extremely open, greatly reducing the participation threshold. Users only need to stake at least 300,000 MYX to become a candidate node, qualifying to participate in the weekly active node elections. In this fair competition, the top 21 nodes will stand out, gaining valuable trading matching rights and profit distribution rights. This mechanism allows ordinary users to directly participate in the core trading process, becoming builders of on-chain transactions, completely changing the traditional financial model where users can only passively accept services.
For ordinary users, even if they cannot become nodes, they can participate deeply through delegated staking. They can freely vote for any node and share dual benefits of trading fees and staking rewards according to the profit-sharing ratio set by the node (0%-100%). More importantly, users can influence node governance through voting, expressing their opinions on the operation and development direction of the nodes, truly realizing the role transformation from ‘protocol users’ to ‘protocol co-builders’. Each staked MYX is like a ‘proof of equity’ for participating in ecological value distribution; users are tightly bound to the MYX ecosystem through staking, sharing honor and loss together.
In terms of technical practice, MYX is committed to achieving transparency and decentralization. Users can check key data such as node APY, sources of income, and lock-up periods in real time on the MYX official website, with all information clear at a glance, completely eliminating the 'black box operation' that has been criticized in traditional protocols. Meanwhile, the ‘reward cap’ mechanism limits the reward share that a single node can receive, effectively ensuring the decentralization and security of the staking ecosystem, avoiding excessive concentration of power and profits in a few nodes, and ensuring the healthy and stable development of the entire ecosystem.
Three, MYX's differentiated competitive advantages.
Compared to traditional PoS protocols and centralized matching DeFi, MYX's advantages are particularly significant. In terms of participation thresholds, MYX allows users to become trading nodes or supporters, with low staking requirements, enabling more ordinary users and small investors to get involved and share in the dividends of DeFi development. In terms of value capture, MYX is driven by both trading volume and staking volume, which creates a more diversified value creation model. Nodes can independently set profit-sharing ratios and combine community voting for governance, fully respecting the wishes of nodes and community users, enhancing the enthusiasm and initiative of participants.
The core difference is that MYX truly allows users to transition from ‘protocol users’ to ‘protocol co-builders’. In traditional models, users often only utilize services provided by the protocol, without having a substantial impact on the protocol's development and profit distribution. However, in the MYX staking ecosystem, users become part of the ecosystem through staking, directly participating in the value creation and distribution process. This deep sense of participation and interest binding is unparalleled by other protocols.
Four, the project team steadily advances to build a solid foundation for development.
The MYX project team is steadily advancing in the construction of the staking ecosystem, with a series of functions successfully implemented. The official staking panel is designed to be simple and clear, updating node data, income details, and lock-up dynamics in real time, allowing users to clearly understand their asset status and income situation. Additionally, users can choose between ‘flexible unlocking’ or ‘long-term locking’ modes, with longer lock-up periods resulting in higher reward multipliers. This flexible choice mechanism fully considers the different needs and risk preferences of users, providing more room for autonomous decision-making.
At the same time, MYX has a clear and definite technical roadmap. The upcoming ‘node visualization monitoring tool’ is highly anticipated, as it will support users in real-time viewing of node matching efficiency, order processing volume, and other professional indicators, allowing users to fully understand the operation status of nodes, further enhancing the transparency of the ecosystem and users' trust. Collaboration with technical partners such as LINEA is also progressing rapidly, with plans for ‘Layer 2 node elections’ functional testing in Q3, which is expected to further reduce on-chain operational costs and enhance user experience, opening new pathways for the development of MYX's staking ecosystem.
Five, the value reassessment behind the staking ecosystem.
The participation of institutions such as Sequoia and LINEA brings a significant ‘valuation anchoring effect’ to MYX. In the current complex and volatile market environment, the due diligence processes of top institutions serve as a strict ‘filter’, allowing only projects that have passed layer upon layer of scrutiny to gain their favor. Therefore, the substantial financial investments from these institutions strongly validate MYX's long-term value, providing an important value reference for the market and attracting more investors to pay attention to and participate in the MYX staking ecosystem.
As the staking volume continues to increase, the circulating chips in the market will further decrease. From past industry experience, high staking rates are often positively correlated with protocol income and token value. Taking Lido as an example, its staking rate exceeds 90%, while the native token LDO's market value remains in the top ten of DeFi. This indicates that in the MYX staking ecosystem, as the staking volume increases, it may drive the increase of MYX protocol income, thereby enhancing the value of MYX tokens, forming a virtuous cycle.
Previously, Binance Foundation acquired 25,000 MYX tokens, which sparked various speculations in the market about ‘head ecosystem synergy’. If MYX achieves technical integration with Binance Chain in the future, leveraging the huge user traffic of Binance Chain, the MYX node network is expected to access a broader user base, further amplifying the scale effect of the staking mechanism. This will not only bring more trading flow and revenue to MYX but also enhance its position and influence in the entire DeFi ecosystem.
Six, unlimited potential opens a new journey.
The MYX staking ecosystem is undoubtedly a deep reconstruction of DeFi's incentive mechanism. It decentralizes the core function of trading matching, allowing the community to directly participate in protocol value creation through staking. With the addition of key players such as Sequoia and LINEA, this new narrative of ‘node co-governance’ is gradually transitioning from concept to reality, showcasing strong vitality and development potential.
From the perspective of technological innovation, MYX's unique MPM mechanism has achieved remarkable results in the market, realizing zero slippage trading and 125 times capital efficiency, with LP fund utilization far exceeding that of established protocols like GMX and dYdX. Its chain-abstract liquidity layer design enables seamless interconnection of multi-chain assets, providing users with an unprecedented trading experience. In the future, with continuous iterations and upgrades in technology, MYX is expected to continuously optimize in areas such as trading efficiency, security, and user experience, further solidifying its leading position in the DeFi field.
In terms of capital operations, the seed round financing of $5 million was led by Sequoia China, with participation from 12 top institutions including ConsenSys and OKX Ventures, valuing the company at $50 million, which fully demonstrates the high recognition of the capital market for the MYX project. Recently, the trading volume on the first day of Binance Alpha exceeded $51.31 million, with an oversubscription rate as high as 30,296%, indicating strong signals of institutional buying. These positive capital performances provide sufficient funding support for MYX's development and lay a solid foundation for its future market expansion and ecosystem construction.
In terms of community building and user participation, MYX has attracted a large number of users' attention and involvement through rich airdrop activities and low-threshold participation mechanisms. The Origin Plan has airdropped over 43 million MYX (accounting for 4.3% of the total) which users can acquire at zero cost through trading, staking MLP, and participating in joint activities (such as splitting 2 million tokens in cooperation with zkPass). The current circulating market value is only $64.68 million, while the team has reserved 45% of the tokens (450 million) for long-term community incentives, which will continue to stimulate community vitality and promote active user participation in ecosystem construction, forming a prosperous and vibrant community ecology.
The MYX staking ecosystem is standing at a new starting point, and with its innovative mechanism, strong technical strength, substantial capital support, and vibrant community ecology, it is expected to shine in the future DeFi market, becoming a new benchmark for leading industry development, bringing substantial returns and a new financial experience to investors and users. Let us watch and witness MYX embark on a new chapter of decentralized finance.
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