1. The underlying logic of institutional betting
Sequoia's sickle has always only struck at the 'rule reconstructors'—the MYX 'node as matcher' architecture directly pierces the centralized high walls of traditional DeFi. While GMX is still feeding prices with oracles, MYX has allowed community nodes to compete for matching rights based on staking volume. This 'co-governance matching network' essentially returns trading profits to ecological participants, perfectly aligning with Sequoia's ultimate vision of 'DeFi democratization'!
The technological marriage with LINEA is even more imaginative. The low gas characteristics of zk-rollup can enhance the matching efficiency of MYX nodes by 300%+, and the future 'Layer2 node election' scenario will completely open up the crucial pathways for multi-chain liquidity—this is not just simple staking mining, but building the highway for the next generation of cross-chain trading!
2. The trader's winning hand: the game value of the staking mechanism
MYX's 'Guardian System' is a double-edged sword: the staking threshold of 300,000 MYX filters out retail noise while leaving space for institutions to control the market. The income distribution rights of the top 21 nodes essentially auction the 'pricing power of on-chain transactions'—imagine, when the node you stake becomes the matcher for mainstream trading pairs, the dual income from transaction fee sharing and staking rewards will create an APY ceiling far exceeding traditional PoS!
But the risks are hidden in the details: while the 'equity cap' mechanism prevents monopolies, it also limits the earning scale of a single node, meaning that top institutions must form 'node alliances'. For retail investors, the best strategy is to follow the staking trends of giants like Sequoia and hitch a ride with delegated voting; after all, hidden within the 0-100% profit-sharing ratio is a yield elasticity that is more attractive than CEX wealth management!
3. The key window for data verification
Currently, there are only two core indicators to watch: staking volume growth rate and node APY volatility. If this week's staking volume surpasses 15 million MYX (approximately 30% of the current circulation), it indicates that institutions are building positions in bulk; and when the APY of leading nodes stabilizes above 80%, it shows that market liquidity is entering a positive cycle. Remember, the real-time data on the MYX official website is more authentic than any candlestick chart—the on-chain matching volume and order processing delays are the hard indicators that serve as a touchstone for judging whether a project is grounded!
4. The valuation reassessment effect of institutional entry
Sequoia's due diligence checklist essentially conducted an 'on-chain audit' for MYX. In the current bear market, the value of such endorsement far exceeds tens of millions in financing—don't forget, the Binance Foundation quietly hoarded 25,000 MYX three months ago. This 'ecological positioning' action suggests that MYX might become a key piece in Binance Chain's DeFi matrix. Once connected to BNB Chain traffic, the scale effect of its staking mechanism will explode exponentially; comparing Lido's staking rate and market cap relationship, MYX's valuation recovery space has quietly opened up!
The ultimate battlefield of DeFi has never been about the competition for traffic, but about 'who holds the execution power for transactions'! MYX transforms stakers from 'passive holders' into 'active market makers', and this value capture ability brought about by the role shift is what Sequoia and others truly see as the 'industry disruption factor'! But remember, all innovations are thorny roses—before enjoying high APY, make sure to calculate the 'opportunity cost' of staking 300,000 MYX and the risk exposure of node disqualification. The market is never short of opportunities; what is lacking is a clear risk pricing ability!
