Wow, the fluctuations in the cryptocurrency market are really terrifying.
You only understand it after experiencing it once.
Take MYX, which has been trending recently in the square, for example; it surged 80% in one week, and then plummeted 64% in just three days. In the end, the price remains the same, but your positions may have disappeared. This is also why many people love to invest in meme coins.
However, MYX seems to be different from meme coins. MYX is a perpetual protocol on the BSC chain, specifically designed for shorting meme coins, and its transaction fees are extremely low. It has been quite popular on the BSC chain, but the recent market trends of MYX have made many lose confidence in it. From the perspective of narrative and sector, MYX is quite good.
Below is the research report on MYX. Interested individuals can take a look.
1. What is MYX?
MYX token, fully named MYX Finance, is an innovative decentralized derivatives trading platform that reconstructs how to trade perpetual futures in the DeFi space.
2. MYX's core innovation: MPM mechanism
The MPM mechanism of MYX Finance achieves a zero slip, high leverage, and low liquidation rate triangular balance in derivatives trading through dynamic matching of long and short positions, layered liquidity management, and cross-chain collateral buffering. Essentially, it programmatically implements the proactive risk management capabilities of traditional market makers, enhancing capital efficiency to 125 times while transferring systemic risk to professional participants.
2.1 Chain abstraction technology
The complexity of DeFi trading has deterred many people. MYX utilizes powerful chain abstraction technology, allowing you to bid farewell to the tediousness of manual cross-chain operations and frequent signatures. Users can easily perform cross-chain transactions under an abstract wallet and enjoy services such as no gas fees, no signatures, and reduced capital loss.
3. VIP treatment
MYX Finance has recently launched VIP services, where users only need to hold 10 MYX tokens to enjoy top-tier treatment comparable to top users of centralized exchanges across all chains, including trading fee discounts, no need for locked positions, and no application thresholds.
Conclusion
MYX Finance is reshaping the decentralized derivatives sector with the matching pool mechanism (MPM) and chain abstraction technology, creating a core platform with high capital efficiency, zero slip, and seamless multi-chain trading. If it can overcome risk control and compliance challenges and realize an ecosystem vision of permissionless token listing, MYX is expected to become a foundational infrastructure for multi-chain DeFi, leading the derivatives market into a new era.
