#MYXFinance引领BSC链上永续未来 MYX Finance: How Chain Abstraction and Dual-layer Account Models Rewrite DeFi Trading Rules
In the landscape of decentralized finance (DeFi), the inefficiency of cross-chain transactions and the fragmentation of asset management have always been two major obstacles to the scalability of the industry. Users' assets on different blockchains are like scattered puzzle pieces, requiring frequent network switches and incurring high Gas fees during transactions, even suffering losses due to vulnerabilities in bridging contracts. As the world's first chain abstraction derivatives trading protocol, MYX Finance breaks the shackles of multi-chain trading with chain abstraction technology and dual-layer account models, making 'seamless, low-cost, and high-security' cross-chain derivatives trading a reality. This article will reveal how MYX Finance reconstructs the DeFi trading ecosystem from three dimensions: technological core, user experience, and industry value.
1. Chain Abstraction Technology: Making cross-chain transactions 'invisible'
The core logic of Chain Abstraction is to 'mask the complexity of underlying chains,' aggregating multi-chain assets into a 'virtual pool' so that users can trade freely without perceiving the specific chain their assets are on. In traditional cross-chain models, users must manually operate bridges, switch wallets, and even bear the risks of bridge contract attacks (such as the $320 million loss caused by the 2022 Wormhole bridge hack). MYX Finance achieves 'seamless cross-chain' in three steps:
2. Asset Aggregation Layer: Real-time scanning of assets on chains such as BNB Chain, Linea, and Arbitrum, mapping them to a unified account. For example, if a user holds USDT on BNB Chain and USDC on Linea, the system will automatically combine them into an 'available asset pool' without the need for manual transfers.
3. Dynamic Routing Engine: Smartly selecting the optimal chain to execute transactions based on factors like network congestion and fees. If a user uses ETH to open a long position in BTC, the system may execute it through BNB Chain to reduce Gas fees while ensuring transaction speed.
4. Real-time Status Synchronization: Synchronizing all chain transaction statuses through a centralized indexing layer, ensuring that the balance, positions, and other information seen by users are always accurate, avoiding operational errors caused by cross-chain delays (such as insufficient margin leading to forced liquidation).
User benefits are significant: trading efficiency increases by 80%, Gas fees decrease by over 50%, and assets are always controlled by the user's wallet, completely avoiding bridging risks.
2. Dual-layer Account Model: 'Security Decoupling' of Permissions and Assets
If the chain abstraction technology solves 'asset interoperability,' the dual-layer account model reconstructs 'permission management.' This model separates accounts into on-chain accounts (addresses that actually hold assets) and logic accounts (platform virtual accounts), achieving a separation of permissions and assets:
• On-chain Account: Users have complete control over their assets through non-custodial wallets like MetaMask, and MYX Finance cannot touch the private keys, ensuring asset security.
• Logic Account: Serving as a 'unified entry point' for cross-chain transactions, supporting one-click management of multi-chain assets, custom trading permissions (such as setting daily trading limits), and requiring secondary confirmation from the on-chain account for transactions to prevent asset loss due to attacks on the logic account.
The technological breakthrough lies in 'one signature, multi-chain operation': Traditional DeFi requires separate signatures for each chain, while MYX Finance achieves 'one authorization, universal across chains' through logic accounts, greatly simplifying the operation process.
3. Industry Value: From Tool Innovation to Ecological Reconstruction
MYX Finance's technological innovation not only enhances user experience but also drives fundamental changes in the DeFi industry:
2. Lowering Barriers to Entry: Ordinary users can trade derivatives just like using centralized exchanges without needing to understand cross-chain, Gas fees, and other concepts.
3. Enhancing Liquidity Efficiency: After cross-chain asset aggregation, trading depth increases, slippage decreases, attracting institutional investors.
4. Reshaping Security Standards: Providing a more reliable security paradigm for the DeFi industry through the design of 'assets on-chain, permissions decoupled.'
Currently, MYX Finance supports three chains: BNB Chain, Linea, and Arbitrum, and plans to expand to networks like Solana and Avalanche. Its token $MYX incentivizes user participation in governance through a VIP membership system (holding 10 tokens for fee discounts), forming a positive cycle of 'technology-user-ecosystem.'
Conclusion: MYX Finance - The 'New Paradigm' of On-chain Derivatives
In the process of DeFi moving from 'fragmentation' to 'unification,' MYX Finance's chain abstraction technology and dual-layer account model are milestone achievements. They keep technology in the background, allowing users to focus on trading itself, redefining the standards for derivatives trading. In the future, with the iteration of technology and the improvement of the ecosystem, MYX Finance is expected to become a leader in the on-chain derivatives market, pushing DeFi towards a new era of 'borderless trading.'
