MYX Finance (MYX)

Overview

MYX Finance is a decentralized trading platform focused on perpetual futures. These contracts let people take a position on an asset’s price without buying the asset itself. A trader can take a long position when they expect a price to rise or a short position when they expect it to fall. Perpetual contracts have no set expiration date, so a position can remain open while the trader meets the contract’s margin requirements. MYX is the platform’s token, used for participation in its wider ecosystem. (myxfinance.gitbook.io)

The project’s central idea is to match opposing traders so that a liquidity pool does less of the work. MYX Finance calls this design its Matching Pool Mechanism, or MPM. The platform also has a V2 application that emphasizes permissionless market creation: the ability to create perpetual markets for more assets through its interface. Together, these features place MYX Finance in the growing area of on-chain derivatives trading. (myxfinance.gitbook.io)

History & Team

From launch to V2

MYX Technology Limited was incorporated in August 2023, and the protocol began operating in February 2024. Its first design centered on MPM and the use of liquidity pools to support perpetual trading. The project later expanded its approach with V2, which features tools for creating markets and providing liquidity through vaults and pools. (storage.googleapis.com)

A project white paper published in June 2025 names Ryan Zhang as cofounder and CEO and Mark Zhang as cofounder. It describes a team working across software development, financial engineering, products, and community operations. The same document reports $10.5 million raised across pre-seed, seed, and strategic funding rounds. Investors named for the November 2023 seed round include HongShan, Consensys, Hack VC, OKX Ventures, HashKey Capital, and Foresight Ventures. A later strategic round included FL Foundation, D11-Labs, HashKey Capital, and Metalpha. (storage.googleapis.com)

Technology & How It Works

Matching traders and pools

A traditional order book pairs each buy order with a sell order. MYX Finance’s original MPM design takes another route. It tracks long and short positions and seeks to match opposing exposure. When one side needs an immediate counterparty, a liquidity pool can temporarily fill that role. If later trades reduce the imbalance, the pool can release some of the capital it had set aside. This design aims to use pool assets more efficiently when longs and shorts are close to balanced. (myxfinance.gitbook.io)

The platform describes trades as executing against an oracle price rather than moving along a pool’s price curve. An oracle supplies outside price information to a blockchain application. In this model, a large order does not change its own execution price through the pool formula in the way an ordinary automated market maker swap might. Market prices can still move between an order being placed and executed. (myxfinance.gitbook.io)

Orders, funding, and execution

Traders post collateral to open positions. MYX’s documentation describes market and limit orders, as well as take-profit and stop-loss orders. It also describes funding payments between the long and short sides. Funding helps balance demand: when one side is more crowded, traders on that side may pay traders on the other. (myxfinance.gitbook.io)

Keepers help turn orders into completed trades. They monitor orders and positions, submit price information, and call the smart contracts that execute eligible actions. MYX’s documentation describes token staking and governance as parts of its keeper system. V2 adds a wider market-creation layer and liquidity products, while the project’s earlier matching design explains the foundation on which it built its perpetual-trading platform. (myxfinance.gitbook.io)

Tokenomics & Utility

Supply and distribution

MYX has a stated total supply of one billion tokens. The project’s tokenomics page assigns 40% to two ecosystem-incentive categories, 20% to team members, advisers, and contractors, and 17.5% to private-sale investors. Other allocations include 11.7% for airdrops and bounties, 4% for liquidity provision, 3% for a Binance Wallet future airdrop, 2% for a public allocation, and 1.8% for the treasury. These categories describe how the supply is assigned, rather than how many tokens are available for use at a given time. (myxfinance.gitbook.io)

What the token does

The token links several groups in the ecosystem. Project materials describe MYX holders taking part in governance decisions about the protocol. They also describe staking for fee-related rewards and staking or delegation connected with keeper participation. Those roles give traders, token holders, and people who help operate the system different ways to take part. MYX is separate from the collateral a trader uses to open a perpetual position. (storage.googleapis.com)

The published contract address for MYX is 0xD82544bf0dfe8385eF8FA34D67e6e4940CC63e16 on BNB Chain. The address identifies the token when it is added to a compatible wallet or selected in an on-chain application. (myxfinance.gitbook.io)

Ecosystem & Use Cases

Trading and providing liquidity

The main use case for MYX Finance is taking long or short positions on digital assets through perpetual contracts. A trader might use a short position to express a view that an asset will fall, or to offset another crypto holding. The protocol’s original documentation describes USDC-margined contracts and leverage of up to 50 times for that version of the platform. Leverage means a smaller amount of collateral supports a larger market position. (myxfinance.gitbook.io)

Other participants supply assets to support trading. MYX’s earlier design uses liquidity pools that can act as counterparties when trader positions are uneven. Its V2 interface also presents Earn Vaults and Trench pools for liquidity providers. The site describes stablecoin-focused vaults and pools that accept a base asset. This gives the ecosystem a second activity alongside trading: making assets available for markets to function. (myxfinance.gitbook.io)

Markets and integrations

V2 places market creation alongside trading in its interface. That direction could make perpetual markets available for a broader range of assets as the supporting pricing and liquidity systems develop. MYX also publishes technical documentation for developers, including contract interactions and an API for market information. These tools give outside applications a way to connect with parts of the protocol. (myx.finance)

Advantages & Challenges

MYX Finance’s matching design has a clear purpose: when long and short traders offset one another, the pool may need to reserve less capital for their positions. Oracle-based execution also removes the pool-curve price impact common in many token swaps. The platform combines those ideas with non-custodial smart contracts, automated order execution, and a V2 interface built around a wider set of markets. (myxfinance.gitbook.io)

The same design has practical challenges. Pools still need enough assets to support trades when positions lean strongly in one direction. Orders depend on timely oracle information and keeper activity. A platform with many user-created markets must also coordinate pricing, liquidity, and execution across assets with different levels of interest. These are continuing design tasks for a derivatives protocol, not simply features that can be solved once and left unchanged. (myxfinance.gitbook.io)

Where to Buy & Wallets

MYX is available for spot purchase on Gate, Bitget, and MEXC. Exchange access depends on the country and the services each platform offers there. Spot purchase gives the buyer the token itself; a perpetual contract tied to MYX is a different product. (gate.com)

MYX can be held in a wallet that supports BNB Chain tokens, including MetaMask. MetaMask lets users select BNB Chain and add a token by its contract address when the token does not appear automatically. The wallet network and token contract need to match the asset being transferred. (myxfinance.gitbook.io)

Regulatory & Compliance

MYX Finance’s published terms restrict use of its platform by people in several jurisdictions, including the United States, mainland China, and Singapore, as well as named sanctioned regions. That platform restriction is separate from whether a third-party exchange makes the MYX token available for spot purchase in a particular location. In the European Union, the project has published a crypto-asset white paper addressing the Markets in Crypto-Assets framework. EU rules require certain white papers to be notified and published for admission to trading; publication does not itself mean a regulator has approved the token or the trading protocol. (appv1.myx.finance)

MYX Finance’s perpetual-futures trading model generally does not align with widely used Shariah standards for conventional futures. AAOIFI’s standard on derivatives does not permit the formation or trading of conventional futures contracts. The platform’s use of leveraged price positions is therefore important when considering its standing under Islamic finance principles. (aaoifi.com)

Future Outlook

MYX Finance’s next stage centers on how its V2 markets and liquidity tools develop. Its interface now brings together market creation, perpetual trading, and products for people who supply assets. Broader use of those tools would give the protocol more kinds of participants and more markets to coordinate. The project has also described longer-term work on cross-chain collateral and settlement, which would connect activity across supported networks more closely. (myx.finance)

For the MYX token, the lasting question is how closely governance, staking, and keeper participation become tied to everyday protocol activity. Its economic model sets aside a large share of tokens for ecosystem incentives, while the platform continues to develop uses for traders and liquidity providers. Those connections will shape MYX’s role within the application over time. (myxfinance.gitbook.io)

Summary

MYX Finance is an on-chain perpetual-trading platform built around matching opposing trader positions and using liquidity pools when needed. Its V2 application extends that foundation toward user-created markets and new liquidity tools. The MYX token supports the ecosystem through governance, incentives, and staking-related roles, linking the people who trade on the platform with those who help it operate. (myxfinance.gitbook.io)