Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. MYX, an onchain derivatives protocol, has closed a strategic funding round led by Consensys, with additional participation from Consensys Mesh and Systemic Ventures. With this investment, Consensys becomes the largest backer of MYX as the project prepares to roll out its much-anticipated MYX V2. Why the raise matters - The funding is earmarked to support the launch of MYX’s Modular Derivative Settlement Engine, positioning MYX as core infrastructure for omnichain derivatives rather than just another derivatives dApp. - The capital and strategic backing from Consensys signal stronger ties to Ethereum-layer tooling and developer ecosystems, potentially accelerating integrations and adoption. What MYX V2 changes MYX V2 represents a structural shift: instead of a vertically integrated product, MYX becomes a modular settlement layer that other platforms can build on. Architecturally, V2 combines several modern primitives to smooth onchain trading frictions: - Account abstraction via EIP-4337 and EIP-7702 to simplify user flows and polish UX. - Chainlink’s permissionless oracle stack to provide robust, decentralised price feeds. Together these enable gasless, one-click trading while keeping users non-custodial. Key product innovations - Dynamic Margin system: supports up to 50x leverage without depending on traditional order book depth. - Oracle-anchored pricing: prices are anchored to oracles rather than transient local liquidity, which MYX says eliminates slippage for large orders and reduces execution risk—an important benefit for professional traders. - Decoupling execution quality from liquidity depth: traders can access new or thinly traded assets immediately, without waiting for deep order books, laddering positions, or accepting heavy slippage. Claims on performance and risk controls MYX asserts these mechanics materially lower effective trading costs versus underlying spot markets, provide consistent execution during market stress, and remove reliance on market makers. The protocol’s protections are implemented via deterministic economic models, a robust margin framework, and conservative security assumptions, rather than discretionary or market-maker-dependent mechanisms. What this could mean for the market If the system performs as designed, builders could plug into a settlement layer that simplifies derivatives execution across chains while professional traders gain more predictable fills and lower slippage on large trades. The Consensys-led raise both validates MYX’s modular approach and brings deeper integration potential with Ethereum tooling and oracle infrastructure. Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. Read more AI-generated news on: undefined/news

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