The current negative fee rate for MYX remains high; if you go long within 7 days and the price stays the same, you will incur an 18.3% funding rate, just lay back.

Meanwhile, MYX continues to rise 📈; in summary, strong investors are entering while the bears are howling.

So what exactly is MYX, and why can it rebound quickly from the bottom and achieve full negative rates?

#MYXFinance引领BSC链上永续未来

@MYX Finance is a decentralized derivatives trading protocol built on the concept of chain abstraction. Its goal is to provide a trading experience that is as smooth and efficient as that of centralized exchanges (CEX) while ensuring that users retain custody of their assets.

Unlike traditional DeFi protocols that are limited to a specific chain, MYX allows users to directly open positions with assets from any chain through a dual-account model and underlying abstraction technology, eliminating the need for cross-chain bridges or frequent signatures, greatly reducing the barrier to entry.

One-sentence explanation

"As smooth as using a centralized exchange, but funds are always in your own hands."

You don't need to switch chains frequently, nor do you have to sign for every operation, and you don't have to worry about locking your assets on a cross-chain bridge. Just connect your wallet, choose the contract you want to trade, and you can open positions with assets from any chain you have, making the whole process fast and smooth.

Compared to the cumbersome and error-prone operations of traditional DeFi contract platforms, MYX significantly enhances transaction convenience and asset flexibility, making on-chain derivatives trading more 'foolproof,' resembling CEX, while retaining the core feature of DeFi: assets are fully controlled by users.

Why can MYX rebound quickly from the bottom?

MYX experienced a three-phase market cycle of 'hot start - cool down - rebound' around May. After the airdrop and IDO completion, it fell into a period of calm due to a lack of ongoing topics, and the price saw a significant drop, but the team is getting things done!

$MYX


Market operation:

Launched VIP system on May 20, requiring only 10 $MYX to enjoy fee discounts without locking.

On May 22, included in the $100M incentive program by BNB Chain, receiving official on-chain endorsement.

Launched the Keeper staking system on May 27, promoting the increase of $MYX staking lock-up rate.

Launched on Binance Futures on June 18, MYX became one of the few emerging protocol tokens to directly enter the contract market.

Community operation continues to exert effort:

By collaborating with multiple platforms such as Particle (UX), PancakeSwap, and Binance Wallet, it drives on-chain user participation. Mechanisms such as trading incentives, social interaction, and content incentives are gradually establishing community consensus.

Well-designed supply and demand mechanism:

The VIP mechanism and staking system continuously enhance the utility value of $MYX, avoiding the traditional dilemma of 'selling immediately after an airdrop.'

Current price and market value analysis


According to Binance Futures and on-chain DEX data:


$MYX current price: approximately 0.153 USDT

Circulating market value: approximately between 150 million and 180 million US dollars (based on circulating volume and current price estimates)

Total supply: 1 billion tokens

Staking lock-up ratio: fluctuating between 30%-40% in the short to medium term, with the Keeper System promoting long-term lock-up willingness.

The price of MYX has rebounded from a low of about 0.06 USDT in May to above 0.15 USDT currently, with an increase of over 150%. However, compared to its initial valuation and total estimated supply, it is still in a relatively early stage.

Since MYX has already seen a significant increase, it is recommended to wait and see at the current market value. If the fee rate remains high, it indicates that the bears are still supporting; you can go long in the short term with a target market cap of 250 million, equivalent to a price of 0.25, after which one should be relatively conservative.

Buy price: 0.14-0.15
Expectation: 0.25 (short term)
Expected profit: 67%

Follow the orange cat, and find your next hundredfold opportunity.