In 10 days, it rose from a low of $0.046 to a high of $0.164, almost quadrupling, which is really quite impressive.
MYX Finance is a decentralized derivatives trading platform focused on on-chain perpetual contract trading.
Its innovation lies in the MPM engine:
The core innovation of MYX is its MPM trading engine, which reduces the capital efficiency issues of traditional decentralized exchanges by exposing liquidity providers (LP) only to net exposure risks through a matching pool mechanism. This mechanism can optimize trading costs and enhance market depth.#MYXFinance引领的BSC链上永续未来
In words everyone can understand:
MYX created and invented something called MPM, simply put: a 'smart pool' that allows buy and sell orders to match more efficiently.
For example, when you place an order, the price will not fluctuate up and down due to large orders (meaning less slippage is needed). With lower slippage, your trading costs are very low, especially suitable for users trading large orders.@MYX Finance
Will not appear on exchanges, resulting in high fees.
There is also the chain abstraction technology of MYX Finance:
With chain abstraction technology, it supports multi-chain trading, simplifies users' operations across different blockchain networks, and reduces the complexity and cost of cross-chain bridges.
In words everyone can understand:
MYX uses something called 'chain abstraction' to help everyone perform complex cross-chain operations on-chain. You only need to connect your wallet, and with a few clicks, you can play around with any chain, saving time and effort.
The main point is that MYX is supported by Binance, and the project team often conducts airdrop activities. Everyone can go and try it out; you might save money and also receive an airdrop.
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