MYX Finance is a decentralized derivatives exchange operating on Arbitrum and Linea, using the Matching Pool Mechanism to quickly match orders, avoid slippage, and provide up to 50x leverage.
MYX Finance offers a secure and transparent perpetual futures platform, integrating advanced technology to optimize user experience in the DeFi space, aiming for sustainable and reliable development.
MAIN CONTENT
MYX Finance operates on Arbitrum and Linea, using an exclusive Matching Pool Mechanism.
The MPM mechanism helps execute orders quickly, avoiding slippage and optimizing capital for liquidity providers.
The MYX token has a total supply of 1 billion, fairly allocated to the community, team, and development purposes.
What is MYX Finance and how does it work?
MYX Finance is a pioneering decentralized derivatives exchange, operating on two popular blockchain networks, Arbitrum and Linea. This exchange uses the Matching Pool Mechanism to quickly match long and short orders, avoiding price slippage (zero-slippage). With a maximum leverage of 50 times, using USDC as collateral, MYX Finance aims to provide an efficient trading experience in the DeFi space.
How does the Matching Pool Mechanism work?
The MPM of MYX Finance operates based on the principle of optimizing liquidity by directly connecting buy and sell positions from traders. It does not require liquidity providers to stake in both long and short directions like traditional AMM models. Instead, LPs act as connectors, creating a centralized liquidity source for these transactions. The capital expansion strategy helps LP's capital utilization efficiency reach up to 125 times, yielding higher profits and minimizing risks.
We provide a seamless derivatives trading experience, eliminating slippage and optimizing capital efficiency for both traders and liquidity providers.
— Development representative of MYX Finance, 2023
What are the trading fees on MYX Finance?
MYX Finance applies competitive fees, only 0.07% for each matched order and 0.045% for maker orders. VIP traders can reduce fees to 0.02%. The dual oracle system ensures price accuracy, prevents manipulation, and maintains transparency and fairness throughout the ecosystem.
What products does MYX Finance offer?
MYX Finance offers two main products: Trade and Earn. Trade allows high-leverage futures contracts, while Earn is for liquidity providers to receive rewards from trading fees and related activities.
What is special about the trading feature of MYX Finance?
The platform supports futures trading on two Layer 2 blockchain networks, Arbitrum and Linea, with BTC/USDC and ETH/USDC pairs. Users can leverage up to 50x, manage take-profit and stop-loss orders flexibly, suitable for traders who want to control risk and maximize profit.
Who is the Earn product for and how does it work?
Earn is an option for liquidity providers who want to maximize profits from trading fees, funding fees, and PnL. Users receive MLP tokens representing their contribution, with a mint fee of 0.05% and a redeem fee of 0.1%. Liquidity pools provide stable, attractive income from 40% of trading fees plus trading profits.
What is the MYX token and the project's tokenomics?
The MYX token is the main currency of the ecosystem, with a total supply of 1 billion MYX, fairly allocated and with a clear vesting mechanism. 45% is allocated for the community, 20% for the team, 20% for private sale, and the remainder for reserves, marketing, and Airdrop. The token unlock schedule is designed to ensure market stability.
Basic information about the MYX token
MYX is a governance and incentive token, capped at 1 billion MYX, allocated according to a clear ratio, with 14.7% allocated for Airdrop to encourage community participation and expand the ecosystem.
What is the vesting schedule of the MYX token?
The team and advisors are locked for 1 year, gradually unlocking over 24 months. Investors in the private sale round have a 6-month lock, unlocking over 18 months. Tokens allocated for the community, marketing, and reserves will unlock in phases, ensuring balance and market stability.
When is the Token Generation Event (TGE) of MYX Finance?
On May 6, 2025, MYX will hold the TGE on the Binance wallet via the BNB Smart Chain and PancakeSwap, opening investment opportunities to buy MYX tokens at a preferential price before officially listing on decentralized exchanges.
Where can users store and trade MYX tokens?
The MYX token can be stored in popular wallets like MetaMask, OKX Wallet, UniSat, Leather, Xverse. Convenient trading on DEXs like Binance Wallet DEX, PancakeSwap allows users to easily buy, sell, and manage tokens securely.
What is the development team and investors of MYX Finance?
The team information is not fully disclosed yet, but the project has received investment from major funds such as HongShan, HashKey, Consensys, OKX Ventures. MYX successfully raised 10 million USD in the seed round, demonstrating trust and great potential in the industry.
What is the development roadmap of MYX Finance?
Detailed information about the roadmap is still being updated, and important milestones regarding product expansion, network, and growth strategy are expected to be announced soon.
How to participate in the MYX Finance Airdrop?
MYX allocates up to 30% of the total token supply to the community through Airdrop programs like 'Ordovician – Evolution', 'OKX Web3 Wallet x MYX Giveaway' and 'Ordovician Launch'. Users can participate by completing tasks, holding MLP tokens, or trading to receive rewards and GEM points convertible to MYX.
Frequently asked questions about MYX Finance
Which blockchains does MYX Finance operate on? – On Arbitrum and Linea, two popular Layer 2 networks.
What can the MYX token be used for? – Governance of the ecosystem, staking, receiving rewards, and participating in DeFi activities.
How to participate in MYX's TGE? – Follow official announcements, register via Binance wallet, buy on PancakeSwap before the launch date.
Does MYX plan to expand to other networks? – Currently not announced, but the project intends to develop in the future.
Which wallet is safe for storing MYX tokens? – MetaMask, OKX Wallet, UniSat, Leather, Xverse are all suitable.
Source: https://tintucbitcoin.com/myx-finance-myx-la-gi/
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