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A big shift for MYXMYX V2: technical upgrades that decouple liquidity from execution
Leading onchain derivatives protocol $MYX has closed a strategic funding round led by Ethereum heavyweight Consensys (of Metamask fame), positioning the company as $MYX‘s largest investor as it prepares for a fundamental architectural change.
The financing, including further participation of Consensys mesh and Systemic Ventures, arrives ahead of the rollout of $MYX V2. The V2 update marks the platform’s transition from a standalone dapp to a ‘modular derivatives settlement engine’; a move designed to provide core infrastructure for the growing omnichain derivatives market.
A big shift for that $MYX
The launch of $MYX V2 represents a strategic turn towards modularity.
Rather than operating as an isolated decentralized exchange (DEX), $MYX positions itself as a clearing and settlement layer that other platforms can integrate. This new approach aims to solve the chronic problem of liquidity fragmentation in the decentralized finance (DeFi) ecosystem (something that has been widely discussed in the industry for years).
“As onchain markets mature, derivatives infrastructure must evolve beyond isolated locations to modular, shared settlement layers,” said Ray HernándezSenior VP Business Development at Consensys.
“We believe that a resilient, capital-efficient settlement infrastructure is fundamental to the long-term health and scalability of Ethereum’s financial ecosystem. $MYXThe company’s approach reflects this shift, prioritizing composability and transparent settlement at the infrastructure layer.”
$MYX V2: Technical upgrades
To compete with the speed and convenience of centralized exchanges, $MYX V2 includes several technical upgrades:
- Account abstraction: By integrating EIP-4337 and EIP-7702, the protocol enables one-click gasless trading, dramatically lowering the barrier to entry for professional users.
- Permissionless Oracles: To use Chain linkAs the latest stack, the protocol can quickly list long-tail assets, bypassing the slow listing processes that often plague onchain platforms.
- Dynamic margin system: The new architecture supports up to 50x leverage without having to rely on traditional order book depth.
Decoupling liquidity from execution
One of the biggest claims of the V2 engine is its ability to offer oracle-anchored pricing that eliminates slippage on large orders. By decoupling execution quality from local liquidity depth, $MYX The goal is to enable professional traders to enter and exit large positions at predictable prices, even in volatile or newly emerging markets.
“$MYX V2 is more than just a medium of exchange: it is an engine,” said $MYX CEO Ryan.
“The integration of EIP-7702 and permissionless oracles means we can allow onchain perpetrators to trade seamlessly, while maintaining decentralized sovereignty.”
The protocol’s design is aimed at institutional and professional utility, with the aim of reducing effective trading costs below those of the underlying spot markets. By serving as a ‘plug-and-play’ settlement rail, $MYX hopes to attract B2B partners, such as trading apps and automation platforms, that require deep, permanent liquidity without the need to build their own backend infrastructure.