MYX has completed a strategic funding round led by Consensys, with participation from Consensys Mesh and Systemic Ventures, ahead of the MYX V2 launch. The round positions Consensys as MYX’s largest investor. The funds will support the rollout of MYX’s Modular Derivative Settlement Engine, signaling the platform’s transition toward core infrastructure for omnichain derivatives.
MYX V2 marks a structural shift in how on-chain derivatives are built and settled. Rather than operating as a vertically integrated app, MYX now serves as a modular settlement layer that other products can leverage. The design reflects a broader industry move toward shared clearing and settlement primitives to prevent liquidity fragmentation across chains.
At the protocol level, MYX V2 integrates account abstraction via EIP-4337 and EIP-7702 alongside Chainlink’s permissionless oracle stack. These components are intended to remove long-standing frictions in on-chain trading, including slow listings for long-tail assets and inefficient capital use. MYX V2 enables gasless, one-click trading while preserving non-custodial control and introduces a Dynamic Margin system that supports up to 50x leverage without relying on traditional order-book depth. By decoupling liquidity depth from execution quality, prices remain predictable even during stressed markets, supporting lower trading costs relative to spot and more consistent execution.
MYX’s leadership emphasizes deterministic economic models, robust margin systems, and security assumptions designed to perform under real trading conditions. CEO Ryan described V2 as more than an exchange—it’s an engine for perpetual settlement standards, and the integration of EIP-7702 and permissionless oracles accelerates seamless on-chain perps trading while preserving decentralized sovereignty. Consensys’ Ray Hernandez noted that as on-chain markets mature, derivatives infrastructure should evolve toward modular, shared settlement layers to support the long-term health and scalability of Ethereum’s financial ecosystem. The V2 launch positions MYX as infrastructure for a broad range of participants, with professional traders gaining access to high leverage and slippage-free execution and with B2B partners able to plug directly into perpetual liquidity.
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