If you are still jumping between GMX and dYdX, you may have already missed the new windfall in DeFi.
On the BSC chain, there is a project called MYX Finance, quietly completing a comprehensive 'dimensionality reduction strike' on the perpetual trading ecosystem: it does not solely rely on transaction fees or token incentives to 'pull in users,' but instead builds an efficient, secure, and cross-chain collaborative perpetual contract universe through the MPM intelligent control system, chain abstraction architecture, and VIP incentive closed loop.
In one sentence: This is the all-chain perpetual platform you should pay attention to after GMX.
In the increasingly 'competitive' BSC ecosystem of contract trading, MYX Finance is not just another perpetual DEX; it is redefining the efficiency, safety, and user value growth path of perpetual contracts with its unique MPM mechanism, chain abstraction technology, and Keeper system.
MPM mechanism: the 'intelligent control system' that maximizes capital efficiency.
Traditional perpetual contract platforms often face two paradoxes: low capital utilization and excessive risk exposure. MYX Finance's innovative 'MPM (Multi-Position Management) mechanism' is precisely aimed at addressing this pain point.
The core logic of the MPM mechanism is:
Dynamically adjusting risk weights: the system automatically adjusts collateral rates and liquidation thresholds based on users' different leverage multiples and market volatility, avoiding collective crashes during high volatility.
Portfolio position management: allows users to hold multiple directions and assets under one account; the system calculates total exposure through risk-weighted calculations, greatly improving capital usage efficiency.
Strategy-level arbitrage interface: an 'aggregate position module' open to advanced users or strategy providers, enabling cross-market arbitrage or risk hedging, providing space for professional liquidity providers.
In short, MYX perfectly couples 'risk minimization' with 'profit maximization' through MPM, reconstructing the ceiling of capital efficiency under traditional single-position structures.
Chain abstraction + dual-layer account system: breaking cross-chain asset islands.
In the multi-chain era, asset liquidity is highly fragmented, while most perpetual DEXs can only stick to single-chain islands. MYX Finance's chain abstraction technology + dual-layer account model make 'seamless cross-chain trading' no longer a fantasy.
Chain Abstraction Layer: unifies the standards of assets and contract behaviors across different chains into abstract interfaces, allowing users to see only a unified account at the front end, while the underlying routing is handled by cross-chain protocols.
Dual-layer account model:
Layer 1 serves as the main on-chain account, managing users' funds and authorizations;
Layer 2 serves as a virtual trading account, used for holding multi-chain assets and position management.
Under this structure, users can achieve: depositing assets on BSC → opening contract positions on Arbitrum → using stablecoins on Polygon for risk hedging—this entire process requires no cumbersome cross-chain operations, providing an extremely smooth user experience.
MYX Finance is building a truly 'multi-chain perpetual control tower.'
Keeper System + VIP level system: decentralized execution and community incentive closed-loop innovation.
In high-frequency trading scenarios, trade matching, clearing, and price updates heavily rely on the reliability of 'execution nodes.' MYX finds a new balance between trading efficiency and community incentives by introducing a decentralized Keeper System + VIP level mechanism.
Keeper System: composed of globally decentralized nodes, responsible for order matching, risk checks, liquidation execution, and other tasks. The system has a 'scoring mechanism' for node execution efficiency to incentivize high-quality participation.
VIP level system: divides users into multiple levels based on factors such as trading volume, staking behavior, and governance participation, with different levels enjoying the following rights:
Increased rebate ratio on transaction fees.
Unlocking advanced leverage permissions.
Priority for token airdrops and governance proposals.
This mechanism allows both 'nodes' and 'users' to become co-builders of platform value growth, driving a two-way positive cycle in the ecosystem.
Summary: MYX Finance = Perpetual DEX 2.0 × Multi-chain Interoperability × Community Co-governance.
In today's environment where countless 'perpetual platforms' have become traffic bubbles, MYX Finance does not blindly chase speed and fees but instead chooses to build an ecosystem with long-term compound value:
✅ Using MPM to create the optimal solution for capital efficiency.
✅ Using chain abstraction to connect cross-chain asset islands.
✅ Using Keeper and VIP to resonate community participation.
In the future, MYX will not only be a dark horse on BSC but may also become the infrastructure for cross-chain perpetual trading. If you missed GMX and dYdX, you might want to try being an early participant in this 'on-chain perpetual revolution.'