Sequoia Capital and LINEA enter the MYX staking ecosystem, seemingly coincidental, but actually an inevitable choice in the iteration of DeFi infrastructure!!
1. Institutional Betting Logic
Disruptive Model
MYX replaces traditional DeFi oracles with a "node as matcher" architecture, where community nodes compete for matching rights through staking, and profits are returned to ecosystem participants, aligning with the vision of "DeFi democratization."
Technical Efficiency
Combined with Linea's zk-Rollup:
Node matching efficiency increased by over 300%+
Future support for multi-chain node elections to enable cross-chain liquidity.
2. Staking Mechanism Game
Threshold Design:
300,000 MYX staking filters out retail investors, with institutions leading the top 21 nodes (holding trading pricing rights).
Dual Revenue Engines:
Winning nodes earn "transaction fee sharing + staking rewards," breaking through the traditional PoS yield ceiling.
Risks and Strategies:
Institutions: Need to form a "node alliance" to break through the single node yield limit;
Retail Investors: Follow giants like Sequoia for delegated voting, using 0-100% profit-sharing elasticity for arbitrage.
3. Key Data Indicators
Staking Volume Growth Rate: If it reaches 15 million coins (30% of circulation), it indicates institutional accumulation.
Node APY Fluctuation: Head nodes with APY > 80% mark liquidity entering a positive cycle.
On-chain Real Indicators:
Matching Volume
Order Delay (judging the project landing core).
4. Institutional Endorsement Valuation Logic
Sequoia Due Diligence: Equivalent to on-chain audit, bear market endorsement value > tens of millions of dollars in financing.
Ecosystem Positioning: Binance Foundation has hoarded 25,000 MYX coins, indicating it may become a key piece in the BNB Chain DeFi puzzle.
Valuation Space: If connected to Binance traffic, the staking scale effect could benchmark Lido's market cap growth model.
