MYX is a perpetual protocol on the BSC chain, specifically designed for shorting meme coins, and the transaction fees are extremely low. It has been quite popular on the BSC chain recently, but the recent trends of MYX have made many people lose confidence in it. From the perspective of narrative and track, MYX is quite good.
Below is the research report on MYX, brothers who are interested can take a look.
1. What is MYX
The full name of the MYX token is MYX Finance, which is an innovative decentralized derivatives trading platform that redefines how to trade perpetual futures in the DeFi space.
2. The core innovation of MYX: MPM mechanism
The MPM mechanism of MYX Finance achieves a triangular balance of zero slippage, high leverage, and low liquidation rates in derivatives trading through dynamic matching of long and short positions, layered management of liquidity, and cross-chain collateral buffering. Its essence is to program the proactive risk management capability of traditional market makers, increasing capital efficiency to 125 times while transferring systemic risk to professional participants.
2.1 Chain Abstraction Technology
The complexity of DeFi trading has discouraged many people, but MYX, through powerful chain abstraction technology, allows you to say goodbye to the cumbersome manual cross-chain processes and frequent signatures. Users can easily achieve cross-chain trading under an abstract wallet while enjoying services such as no gas fees, no signatures, and reduced capital loss.
3. VIP Treatment
MYX Finance has recently launched VIP services; users only need to hold 10 MYX tokens to enjoy top-tier treatment across all chains, comparable to top users on centralized exchanges (CEX), including trading fee discounts, no lock-up requirements, and no application thresholds.
Summary:
MYX Finance reshapes the decentralized derivatives track with the matching pool mechanism (MPM) and chain abstraction technology, creating a core platform with high capital efficiency, zero slippage, and seamless trading across multiple chains. If it can overcome risk control and compliance challenges and realize the ecological vision of permissionless token listing, MYX is expected to become a foundational infrastructure for multi-chain DeFi, leading the derivatives market into a new era.