MYX Finance Secures $5 Million Strategic Investment to Redefine On-Chain Perpetual Trading
We’re thrilled to announce that MYX Finance has successfully closed its strategic funding round, securing 5 million investment from leading Web3 investors on March 8th. This funding fuels our mission to revolutionize decentralized perpetual trading, bringing unparalleled liquidity, security, and efficiency to on-chain markets.
Backed by Leading Web3 Investors
This round was supported by a distinguished lineup of investors, including FL Foundation, Woyong, D11-Labs, HashKey Capital, and Metalpha, and other leading blockchain and DeFi-focused firms. Among them, institutions like D11-Labs and HashKey Capital, which previously participated in MYX Finance’s seed round, have increased their investment in this round, demonstrating strong confidence from multiple organizations in MYX Finance.
Their confidence in MYX Finance’s cutting-edge MPM liquidity model and chain-abstracted layer design reinforces our vision of delivering a seamless, high-performance, and trustless trading experience.
“MYX Finance is pioneering a new era of decentralized perpetual trading. Their innovative approach to liquidity efficiency and user-centric infrastructure positions them as a key player in DeFi’s evolution. We’re excited to support their journey.” — Shun, cofounder of D11-Labs
What is MYX Finance?
MYX Finance is the fastest-growing multi-chain perpetual DEX in 2024 and the largest DEX in the Linea ecosystem! We bring CEX-level trading efficiency to DeFi while staying fully decentralized. With Zero Slippage, ultra-Low Trading Costs, high Leverage Trading, generous Airdrops & Rewards,we aim to forge a seamless, capital-efficient trading experience that combines CEX-level fees and depth with DEX transparency and security.
The P2Pool model is inherently flawed in its attempt to serve as a counterparty for all traders, relying on trader losses as its primary source of income. In contrast, MYX Finance Matching Pool Mechanism (MPM) serves as a dynamic matching engine, acting as a temporary counterparty and intermediary between traders. This allows MPM to support unlimited open interest with limited liquidity, significantly reducing trading fees to CEX levels, while delivering a slippage-free experience for users and offering higher risk-adjusted returns for liquidity providers.
Chain-abstracted credit is a game-changing innovation for MYX Finance users. It allows assets in an AA Wallet (Account Abstraction Wallet) to be collateralized on any chain, creating Chain-abstracted credit that can be used across multiple networks. This feature empowers users to efficiently manage their portfolios across chains while unlocking new liquidity, providing a more flexible and streamlined asset management solution for the multi-chain ecosystem. “These innovations position MYX as the most capital-efficient, lowest-fee, wallet-free, gas-free, and slippage-free perpetual DEX,” Ryan, CPO of MYX Finance, remarked.
Pushing the Boundaries of Perpetual Trading
MYX Finance is at the forefront of on-chain derivatives, offering a scalable, capital-efficient, and fully decentralized perpetual trading experience. With this funding, we’re accelerating:
MPM (Matching Pool Mechanism) for seamless execution and deeper liquidity
A chain-abstracted credit layer delivering CEX-level fees and depth
Expanded ecosystem partnerships to amplify adoption and network effects
Advanced on-chain security and risk management mechanisms
Full-chain collateral support to maximize capital efficiency
TGE preparation, ensuring smooth token utility integration and rewarding early supporters
Our focus is on creating a truly decentralized platform that not only offers innovative solutions but also maximizes liquidity and capital efficiency. The integration of features like the Matching Pool Mechanism (MPM) and chain-abstracted credit layer are designed to set new benchmarks for the industry. With the Token Generation Event (TGE) fast approaching, we are excited to unlock a new level of utility and incentivize our community.
What’s Next?
With this investment, MYX Finance is set to scale rapidly, delivering a next-gen decentralized trading experience with:
🔹 Customizable risk units to optimize trader strategies
🔹Social Trading
🔹Permissionless Token Listings
🔹 Cross-margin and isolated margin options for flexible capital management
🔹 Chain abstraction technology to unlock true cross-chain liquidity
With these advancements, MYX can now accept any on-chain asset with liquidity as collateral, unlocking new markets and expanding the range of trading strategies. As Ryan, CPO of MYX, explains, “The chain-abstracted credit layer enables users to collateralize assets within their AA Wallet (Account Abstraction Wallet) across any chain. This cross-chain collateral can be seamlessly utilized across multiple chains, allowing users to manage their portfolios more effectively and create new liquidity. This innovation provides a more flexible and efficient asset management solution within the multi-chain ecosystem.” As we approach our Token Generation Event (TGE), expect groundbreaking product launches, ecosystem expansions, and community-driven growth.
Be Part of the Future
We’re just getting started. If you’re a trader, builder, or investor, now’s the time to join us in shaping the future of DeFi.
Stay tuned for more updates!
Join our community to stay in the loop.
For collaboration: marketing@myx.finance
