EVERYTHING YOU NEED TO KNOW ABOUT $MYX (AND WHY I AM LONG TERM BULLISH ABOUT THIS COIN):
🧠 What is MYX?
MYX Finance is a decentralized perpetual derivatives exchange built on the BNB Chain, offering cross-chain support across networks including Arbitrum, Linea, and opBNB. It enables high-leverage trading (up to 125×) through a proprietary Matching Pool Mechanism (MPM) for zero-slippage execution and improved capital efficiency.
It operates as a non‑custodial on‑chain derivatives platform, allowing traders to execute perpetual contracts seamlessly using capital across multiple chains, with gasless UX and automatic relayer fees .
📆 Launch & Founders
Launch Date: The platform officially went live on April 30, 2025.
Founding Team: MYX Finance was created by Mark Zhang, who also serves as CEO. Its investors include HashKey Capital, ConsenSys, and D11 Labs .
🔧 Token Mechanics & Utilities
The MYX token plays several critical roles:
Governance: Token holders vote on protocol decisions via MYX DAO.
Staking & Nodes: Staking enables earning a share of protocol revenue; stakers and node operators secure network operations.
Liquidity Incentives: Used to reward liquidity provision across the platform’s pools.
Keeper Nodes: Operating nodes requires staking MYX to execute on-chain transactions efficiently .
Token distribution includes:
40% for ecosystem incentives
20% core contributors
17.5% investors
14.7% airdrop
4% initial liquidity
2% community round
~1.8% held in reserve by the foundation.
✅ Why It Matters
The Matching Pool Mechanism offers smoother trade execution with zero slippage and efficient use of liquidity.
Future enhancements focus on cross‑margin features and full cross‑chain portfolio margining for more flexible risk management.
Simplified user experience with unified accounts and gas abstraction aligns with modern DeFi trends.
Disclaimer: This is not financial advice. DYOR.