MYX Finance $MYX is a decentralized exchange for USDC-margined perpetual futures with 50x leverage. More
| Fully Diluted Valuation | $1.70B |
|---|---|
| 24H Trading Volume | $43.70M |
| 24H Low / High | $1.54 / $ 1.77 |
| Circulating Supply | 124.76 M |
| Total Supply | 1.00 B |
| Max Supply | 1.00 B |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Anonymous |
| Website | myx.finance |
| Socials | 2 more |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Bscscan 1 more |
| Contracts | 0xd82....63e16 |
| Name | Pair | OG Score |
|---|
MYX Finance $MYX represents a cutting-edge decentralized exchange platform focused on offering USDC-margined perpetual futures contracts with leverage up to 50x. By utilizing its unique Matching Pool Mechanism (MPM), MYX Finance $MYX achieves zero slippage in trades, providing an efficient and seamless trading experience. With its innovative approach, the platform maximizes capital efficiency by up to 125x, making it an ideal choice for traders seeking advanced functionalities within a decentralized framework.
Features of MYX Finance $MYX
Zero Slippage Trading
One of the core highlights of MYX Finance $MYX is its proprietary MPM mechanism. This feature enables trades to occur without slippage, thus reducing costs that are commonly associated with traditional order models.
High Leverage Options
Traders on MYX Finance $MYX can access leverage up to 50x, particularly for USDC collateralized perpetual futures contracts. This makes the platform suitable for individuals with a high-risk appetite.
Low Fees and Competitive Rates
MYX Finance $MYX boasts some of the lowest transaction fees in the decentralized finance ecosystem. Moreover, competitive funding rates make it attractive for traders looking to optimize costs.
Comprehensive Trading Ecosystem
MYX Finance $MYX supports advanced features including:
VIP levels for reduced fees.
Incentive programs like long-term airdrop rewards.
A robust commission system.
Security Measures
Security is a paramount focus for MYX Finance $MYX:
Audits: The platform's smart contracts undergo rigorous third-party audits by firms such as SlowMist and PeckShield.
Decentralized Management: Eliminating single points of failure ensures operational integrity.
Multisignature Mechanism: Large transactions require multi-party verification, enhancing security.
Community Oversight: Users can actively participate in monitoring platform activity and suggesting improvements.
Use Cases of MYX Finance $MYX
Perpetual Futures Trading
Traders can leverage up to 50x for speculative positions on various trading pairs.
Risk Management Tools
Features such as ADL (Auto-Deleveraging) and Risk Reserve protect liquidity providers and traders from market anomalies.
Liquidity Provision
MYX Finance $MYX facilitates capital efficiency while offering sustainable yields for liquidity providers.
Decentralized Accessibility
The platform enables users to maintain full control over their assets through decentralized smart contract management.
Conclusion
MYX Finance $MYX has positioned itself as a game-changing platform in the decentralized trading landscape. With its unique approach to zero slippage trading, high leverage options, and security-centric model, it caters to both experienced traders and newcomers seeking a seamless and cost-effective trading experience. Backed by prominent partners and a focus on innovation, MYX Finance $MYX continues to drive advancements in the DeFi space.
MYX Finance $MYX offers zero slippage trading using its unique Matching Pool Mechanism and up to 50x leverage.
The founders are anonymous.
You can buy MYX Finance (MYX) on Bitget, MEXC, BitMart, XT.COMBitunix cryptocurrency exchanges.
