MYX completes funding round led by Consensys ahead of V2 launch
MYX, an onchain derivatives protocol, secured a strategic funding round led by Consensys to support its upcoming V2 launch.Summary
MYX, an onchain derivatives protocol focused on gasless trading and dynamic margin enhancements, has successfully completed a strategic funding round. The round was led by Consensys, which is now the largest investor, with participation from Mesh, Systemic Ventures, and Ethereal Ventures. This capital infusion will support the deployment of the Modular Derivative Settlement Engine, positioning MYX as key omnichain derivatives infrastructure.
The funding precedes the launch of MYX V2, which transforms the protocol from a standalone exchange into a modular settlement layer designed to prevent liquidity fragmentation across chains. V2 will feature gasless one-click trading, a Dynamic Margin system supporting up to 50x leverage, and integrations like EIP-4337, EIP-7702, and Chainlink's permissionless oracle stack. MYX CEO Ryan stated that V2 aims to make onchain perpetuals trading seamless while preserving decentralized sovereignty. Consensys views MYX's modular approach as foundational for the long-term scalability of Ethereum's financial ecosystem.
(Source：Crypto Briefing)