According to BlockBeats news, on August 7, MYX Finance released an official clarification regarding the allocation of the 3% 'Binance Wallet Airdrop'. MYX Finance stated that this allocation is somewhat special and difficult to reflect in a traditional token unlock table, with specific details as follows:
All 3% of the tokens will be reserved for the joint community reward program of MYX and Binance Wallet;
These tokens will be specifically used for future community activities and will not be sold immediately on the open market;
This batch of tokens was unlocked 1.5% on August 5, with the remaining 1.5% set to unlock on November 6, 2025. After each batch unlock, Binance Wallet can decide to deploy these tokens in community activities; before officially announcing such activities, the unlocked tokens will be kept in a designated reserve wallet and will not be put into circulation.
BlockBeats previously reported that the MYX perpetual contract on mainstream CEX has reached an extreme negative funding rate, with the 24-hour liquidation volume only second to BTC and ETH. The current funding rate for MYX contracts on Binance is -2%, with a settlement frequency of 1 hour.
