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What is MYX Finance?
1.1. What is MYX Finance?
MYX Finance is a decentralized derivatives exchange (DEX) operating on the Arbitrum and Linea blockchains. The highlight of MYX is its exclusive Matching Pool Mechanism (MPM) that quickly matches long/short orders without price slippage.
MYX provides leverage up to 50x, USDC margin, for perpetual futures trading.
1.2. How MPM Works
The MPM mechanism works by combining long and short positions, automatically matching two-way orders without intermediaries. Liquidity Providers (LP) have access to an "expansion" strategy, allowing capital efficiency optimization up to 125x.
Unlike traditional AMM models, LPs on MYX do not pool capital on both sides but instead serve as an intersection between long/short traders, increasing liquidity in order matching.
1.3. Transaction Fees
- Taker fee: 0.07%
- Maker fee: 0.045%
- VIP users: lowest transaction fee 0.02%
MYX uses a dual oracle system, ensuring accurate transaction execution prices and preventing manipulation.
MYX Finance Products
2.1. Trade
Users can trade leverage on Arbitrum and Linea with two assets: BTC/USDC and ETH/USDC.
Flexible take profit/stop loss features:
- Basic: Close entire position at trigger price.
- Advanced: Choose flexible position closure ratio.
2.2. Earn (Liquidity Provision)
LPs provide liquidity and receive rewards via MLP token.
- MLP mint fee: 0.05%
- MLP redeem fee: 0.1%
Pool receives 40% of transaction fees, part of funding fee and PnL from traders closing positions.
MYX Token and Tokenomics
3.1. Basic Information
- Token: MYX
- Total Supply: 1,000,000,000 MYX
3.2. Token Distribution
3.3. Vesting Schedule
- Team & Advisors: 1-year lock, vesting over 24 months.
- Private Sale: 6-month lock, vesting over 18 months.
- Community: vest according to product features.
- Liquidity: 100% vest immediately at TGE.
- Marketing & Operations: quarterly vest over 6 quarters.
- Partnerships: quarterly vest over 6 quarters.
- Reserves: vest by voting.
3.4 MYX IDO Information
On 6/5/2025, MYX Finance (MYX) will open a Token Generation Event (TGE) on Binance Wallet through BNB Smart Chain, in collaboration with PancakeSwap. This event provides an opportunity for investors to purchase the official token of MYX Finance (MYX) at a preferential price before listing on a decentralized exchange (DEX).
MYX Token Storage & Trading Wallets
- Storage Wallets: MetaMask, OKX Wallet, UniSat, Leather, Xverse
- Exchanges: Binance Wallet DEX or PancakeSwap
Project Team
Updating…
MYX Finance Investors
MYX Finance raised $10M in seed capital with a $50M valuation.
VC Participants:
- Lead: HongShan (Sequoia China) in Seed round and HashKey in Strategic round
- Others: ConsenSys, Hack VC, OKX Ventures, Redpoint China, Hashkey Capital, Foresight Ventures, GSR, Alti5, Leland Ventures, Cypher Capital, Bing Ventures, Lecca Ventures.
Roadmap
Updating…
How to Participate in MYX Airdrop
MYX dedicates 30% of tokens to the community through programs:
- Ordovician – Evolution: trade & hold MLP, distribute 6M tokens.
- OKX Web3 Wallet x MYX Giveaway: complete Galxe tasks for drawing.
- Ordovician Launch: complete quest & claim OAT, receive 10% bonus.
Additionally: trade, hold MLP, complete tasks to receive GEM convertible to tokens.
Summary
MYX Finance is a promising decentralized derivatives platform using a Matching Pool Mechanism with no slippage.
Supported by many major VCs with a clear allocation portfolio, MYX Finance is worth watching for those interested in derivatives trading on DeFi.
Note: Information in this article is not investment advice. Join the Allinstation channel for more updates.
