MYX Finance: Zero-Slippage Multi-Chain Perpetual Contract Trading Protocol

What is MYX Finance

Friends, imagine when we go to a bank or a securities company to buy and sell stocks or funds, we have to go through an intermediary, right? In the blockchain world, we also have similar trading venues, called “exchanges.” MYX Finance (abbreviated as MYX) is a special kind of “decentralized exchange” (DEX).

Decentralized Exchange (DEX): Simply put, there is no central institution managing your funds and trades. All operations are executed via smart contracts (self-executing protocols on the blockchain), so your assets are always in your own hands—safer and more transparent.

MYX Finance mainly focuses on a type of trading called “perpetual contracts.” You can think of it as a special kind of futures trading, but with no expiry date—you can hold your position indefinitely. It allows anyone to speculate and trade on the future price movements of cryptocurrencies without actually owning them, such as going long or short on Bitcoin, Ethereum, etc. MYX Finance aims to make this relatively complex trading as simple and efficient as spot trading.

This project is like a “smart matching pool” that efficiently matches buyers (longs) and sellers (shorts), and claims to offer “zero slippage” and “high leverage” trading.

• Target Users & Core Scenarios: MYX Finance is mainly aimed at users who want to trade perpetual contracts on the blockchain, whether professional traders or regular users interested in derivatives. It seeks to solve the problems of complexity, high costs, and low efficiency in traditional decentralized derivatives trading.
• Typical Usage Flow: Users can connect their non-custodial wallets (such as MetaMask) via supported blockchains (like BNB Chain, Arbitrum, Linea, etc.), deposit stablecoins like USDC as margin, and then select trading pairs (such as ETH/USDT, BTC/USDT) to trade perpetual contracts, with up to 50x leverage. The entire process does not require handing assets over to the platform; funds remain under the user's control at all times.

Project Vision & Value Proposition

MYX Finance’s vision is to “democratize Alpha.” It sounds grand, but it simply means breaking the monopoly of traditional financial institutions on “high-yield investment opportunities” (Alpha), allowing ordinary people to participate equally. Through technological innovation, it wants to make it easy for everyone to trade promising assets.

Its core value proposition includes:

• Solving Core Problems: Traditional decentralized derivatives trading often faces complexity, high trading costs, insufficient liquidity, and severe slippage. MYX Finance addresses these pain points with its unique “Matching Pool Mechanism” (MPM) and “Chain Abstraction” technology.
• Differences from Similar Projects:
  • Matching Pool Mechanism (MPM): This is MYX Finance’s core innovation. Unlike traditional order book models (which require perfect price matching between buyers and sellers) or automated market maker (AMM) models (which can cause slippage), it uses a smart contract engine to aggregate liquidity, match long and short orders, and settle periodically, achieving “zero slippage” and high capital efficiency. Think of it as a very smart “central dispatcher” that always finds the best matching solution for smooth trading.
  • Chain Abstraction Technology: This is a very cool feature! It’s like a “universal translator” that lets users trade seamlessly across multiple blockchains without worrying about which chain their assets are on or performing complex cross-chain operations. This means you can use one wallet to trade on Solana, Arbitrum, and other chains, with the system automatically handling the complex conversions behind the scenes—greatly simplifying the user experience.
  • Non-custodial & Transparent: MYX Finance emphasizes non-custodial operation, meaning user funds always stay in their own wallets and cannot be touched by the platform. It also ensures transparency and price authenticity through open-source contracts and anti-manipulation oracles (Pyth Oracle).

Technical Features

The technical core of MYX Finance lies in its innovative “Matching Pool Mechanism” (MPM) and “Chain Abstraction” technology, aiming to provide an efficient, low-cost, and user-friendly decentralized derivatives trading platform.

• Matching Pool Mechanism (MPM): This is the “heart” of MYX Finance. Unlike traditional exchanges that rely on order books or many DEXs that use the AMM (Automated Market Maker) model, MPM centrally manages liquidity via smart contracts, matches long and short orders, and periodically settles net positions, ensuring every trade is fully collateralized. This mechanism effectively avoids slippage and offers up to 50x leverage.
• Chain Abstraction Technology: Imagine you have a “super account” that connects to different banks (blockchains), and you don’t need to go to each bank for every transaction. MYX Finance’s chain abstraction technology does just that, allowing users to trade across multiple blockchains (such as BNB Chain, Arbitrum, Linea, opBNB, and plans to expand to Solana) without manual cross-chain bridging or asset swaps. It uses a “universal account” model so users can manage and trade assets from different chains in one interface.
• Dual-layer Account Model: To improve trading efficiency and security, MYX Finance uses a dual-layer structure of “main account” and “sub-account.” The main account safeguards user assets and ensures ownership; the sub-account executes specific trading operations. This way, users don’t need to sign frequently, while asset security is maintained.
• Oracle: MYX Finance uses decentralized oracles like Pyth Oracle to obtain real-time price data, helping prevent price manipulation and ensuring fair trading.
• Keeper Network: To ensure decentralized and transparent trade execution, MYX Finance uses a “Keeper Network” to process orders. These Keepers are community-elected nodes responsible for executing trades, avoiding delays or censorship that can occur in centralized systems.

Tokenomics

MYX Finance has its own native token, symbol: MYX. It plays an important role throughout the ecosystem.

• Token Basic Info:
  • Token Symbol: MYX.
  • Issuing Chain: Mainly issued on Binance Smart Chain (BSC), compliant with BEP-20 standard.
  • Total Supply: The total supply of MYX tokens is 1,000,000,000 (1 billion).
  • Max Supply: Also 1,000,000,000 MYX.
  • Contract Address: 0xD82544bf0dfe8385eF8FA34D67e6e4940CC63e16.
• Token Utility:
  • Governance: MYX token holders may have the right to participate in project governance and vote on the protocol’s future direction.
  • Incentives: Tokens may be used to incentivize users to trade, provide liquidity, or participate in community activities. For example, some platforms reward users via “trade mining” or “airdrops.”
  • Fee Discounts: Users holding MYX tokens may enjoy discounts on trading fees.
• Token Allocation & Unlock Info: As of June 2025, 158,200,000 MYX tokens (15.82% of total supply) have been approved for trading. Detailed allocation ratios (such as team, investors, community, ecosystem, etc.) and unlock schedules are usually detailed in the whitepaper, but are not fully listed in current public information.

Team, Governance & Funding

• Core Members & Team Features: Current information does not explicitly disclose the names of MYX Finance’s core founders, but describes the team as composed of blockchain and finance professionals with extensive experience in decentralized finance (DeFi) and smart contract development. Their vision is to revolutionize derivatives trading by leveraging blockchain technology to lower liquidity costs and eliminate technical barriers for traders.
• Governance Mechanism: As a decentralized project, MYX Finance typically transitions gradually to a community governance model, allowing MYX token holders to vote on major project decisions. While specific details are not fully disclosed, the nature of a decentralized exchange means its ultimate goal is community-driven governance.
• Treasury & Funding: MYX Finance has secured significant funding. According to public information, it has raised a total of $10.5 million. Major investors include Hongshan (Sequoia China), Hack VC, and GSR, among other well-known institutions. This funding will support project development, operations, and ecosystem building.

Roadmap

Since its mainnet launch in February 2024, MYX Finance has made some progress and has future plans:

• Historical Milestones:
  • February 2024: Mainnet launch, introducing the Matching Pool Mechanism (MPM).
  • Q1 2025: Total Value Locked (TVL) grew from $10 million to $42 million.
  • May 2025: First DEX offering (IDO) on Binance Wallet, with Binance Alpha listing exposure and a surge in trading volume.
  • August 4, 2025: V2 version preview announced, promising a redesigned matching pool mechanism and cross-chain trading support.
• Future Plans:
  • V2 Version: Plans to launch V2, redesigning the matching pool mechanism and supporting cross-chain trading, aiming to “redefine on-chain trading.”
  • Expansion to Solana: Plans to expand the platform to the Solana blockchain and build a permissionless “chain abstraction perpetual DEX.”
  • Continuous Innovation: Ongoing development of chain abstraction wallet technology, supporting more blockchains and simplifying user experience.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and MYX Finance is no exception. Before participating, be sure to fully understand and assess the following potential risks:

• Technical & Security Risks:
  • Smart Contract Vulnerabilities: Even though smart contracts are audited, undiscovered vulnerabilities may still exist, potentially leading to loss of funds.
  • Chain Abstraction Complexity: While chain abstraction technology is convenient, its underlying implementation may increase system complexity and introduce new security challenges.
  • Oracle Risks: Reliance on external oracles for price data means that if an oracle fails or is manipulated, abnormal trading prices may result.
• Economic Risks:
  • Market Volatility: Cryptocurrency markets are highly volatile, and perpetual contract trading is even riskier, potentially leading to rapid loss of principal or liquidation.
  • Liquidity Risk: Although MYX Finance aims to provide high liquidity, extreme market conditions may still result in insufficient liquidity, affecting trade execution.
  • Competition Risk: The decentralized derivatives sector is highly competitive, and MYX Finance may face strong competition from other DEXs.
  • “False Prosperity” Concerns: Some point out that MYX Finance may face risks of “false prosperity,” such as token price surging at launch but low trading volume afterward, or unfulfilled team promises.
• Compliance & Operational Risks:
  • Regulatory Uncertainty: The global cryptocurrency regulatory environment is still evolving, and future policy changes may impact project operations.
  • Team Opacity: Although the team is described as experienced, the anonymity or lack of transparency of core members may increase project risk.
  • Ignoring Community Feedback: Some criticisms point out that the project team may ignore community pain points, resulting in suboptimal user experience.

Please note: The above information is for project introduction only and does not constitute investment advice. Cryptocurrency investment is extremely risky; please conduct thorough independent research and make decisions based on your own risk tolerance.

Verification Checklist

When researching a project in depth, here are some key pieces of information you can verify yourself:

• Block Explorer Contract Address:
  • MYX token contract address (BEP-20):
    0xD82544bf0dfe8385eF8FA34D67e6e4940CC63e16
    . You can check token holder distribution, transaction history, and more on block explorers like BscScan.
• GitHub Activity: Check the project’s GitHub repository for code update frequency, developer community activity, and whether there are public audit reports.
• Official Website: Visit MYX Finance’s official website (e.g.: https://app.myx.finance or https://myx.finance) for the latest information and whitepaper.
• Social Media & Community: Follow the project’s official channels on Twitter (X), Telegram, Discord, and Medium to learn about community discussions and project updates.
• Audit Reports: Check whether the project has undergone third-party security audits; audit reports usually disclose potential vulnerabilities and the security status of smart contracts.

Project Summary

MYX Finance is a blockchain project dedicated to revolutionizing decentralized derivatives trading. Through its unique “Matching Pool Mechanism” (MPM) and innovative “Chain Abstraction” technology, it aims to provide users with an efficient, low-cost, zero-slippage, and user-friendly perpetual contract trading platform. The project has received investment from well-known institutions such as Sequoia China and is deployed on multiple blockchains, demonstrating its technical strength and market potential.

MYX Finance’s vision is to “democratize Alpha,” hoping to enable more people to participate in high-yield investment opportunities. Its native token MYX plays multiple roles in the ecosystem, including governance and incentives.

However, every crypto project comes with inherent risks, including smart contract vulnerabilities, extreme market volatility, regulatory uncertainty, and potential operational risks. Some voices point out possible “false prosperity” and team opacity issues. Therefore, before considering participation in MYX Finance, it is strongly recommended that you conduct thorough independent research, carefully assess all potential risks, and make wise decisions based on your financial situation and risk tolerance.

For more details, please research independently.