Breaking the Isolation of On-Chain Transactions: Why I Believe MYX Finance is the Watershed of Next-Generation DeFi Derivatives?
#MYXFinance引领BSC链上永续未来
Do you remember the DeFi Summer of 2020, when we first tasted the benefits of on-chain market-making, lending, and staking? The sense of security brought about by asset self-control and decentralization still fascinates people today.
But to be honest, over the past few years, on-chain derivatives have still been a 'pseudo-proposition':
• Either liquidity is poor, or depth is shallow, with scary slippage.
• Either multi-chain assets are incompatible, requiring cross-bridges, chain-switching, and waiting for signatures, and by the time the market moves, it may have already been missed.
• Otherwise, you can only go back to centralized exchanges (CEX), losing complete ownership of your assets.