Having struggled in the crypto space for ten years, I've seen too many projects tell stories and paint big dreams, but it's truly rare to see something like #MYX Finance collectively backed by Sequoia, LINEA, and the Binance Foundation.
This wave of institutional movements is worth my keyboard being worn out to keep an eye on.
Why is MYX considered a game changer in the DeFi derivatives sector?
Node staking network: handing over matching rights to the community.
The matching engine of traditional DEX is a black box; MYX allows nodes to vote with staked tokens to determine trade matching.
Sequoia's investment in nodes is not charity; they are focused on this 'stake-vote-match-revenue-return to stake' flywheel model—more staking means greater influence, revenue sharing directly tied to trading volume, allowing institutions to earn fees while maintaining control. This deal is much more appealing than being an LP.
A trust system transparent to the core.
While other projects hide their whitelist mechanisms, MYX directly lays out the node APY, sources of income, and lock-up periods on-chain. Users can see each node's historical earnings and voting weights at a glance on the staking page; this is the 'unboxing experience' that DeFi should have.
Token economics reaching new heights.
MYX's token is not an air governance coin; it is a solid 'entry ticket for matching slots.'
Node staking profit-sharing rates are dynamically adjusted, with non-linear release of earnings; want to arbitrage?
Not a chance! This design directly keeps short-term speculators at bay, leaving only long-term committed institutional players.
The trading experience subverts perception.
Zero slippage trading + zero borrowing costs + fees as low as 0.03%, performance rivaling centralized exchanges.
Compared to GMX's centralized aggregation matching and Hyperliquid's off-chain order book, MYX finds a third path with its MPM mechanism—on-chain distributed matching by nodes, preserving decentralization while driving gas fees to rock bottom.
Is it still too late to get on board?
Institutions have already voted with their feet; the MYX tokens staked by Sequoia can buy half an exchange. But what Han cares more about is the data: after 3 months of mainnet launch, trading volume skyrocketed by 300%, TVL surpassed $200 million, and community members doubled weekly. This growth rate is reminiscent of Uniswap in 2020.
Finally, to emphasize:
What institutions invest real money into is the true windfall; the staking flywheel is just starting, and entering now allows you to catch the first wave of the on-chain perpetual contract sector, finally welcoming players who don't cut the retail investors.
