Now it’s good, I was originally planning to make a stunning breakthrough in a few days, but I was directly caught in the MYX trap like twisted dough. Not long ago, I spent 5000U to buy 100,000 MYX at an average price of about 0.047 USD. A couple of days ago, it directly reached 0.16 USD, more than tripling. I was thinking of getting a tenfold return, but unexpectedly, after a few days of not checking, the MYX price returned to my opening price range. I feel like I've been played by the capital.
By the way, let’s talk about the core competitiveness of MYX.
MYX Finance is a decentralized derivatives trading protocol that allows users to trade perpetual futures and other derivatives with the efficiency of centralized exchanges but with the transparency of DeFi. The Matching Pool Mechanism (MPM) is its core highlight, enabling zero slippage trading, high leverage rates, and reducing the risk of liquidation.
Matching Pool Mechanism MPM
Non-order book model: The liquidity pool automatically matches long and short positions, achieving capital efficiency of 125 times, supporting large capital pool-scale trading, with transaction fees as low as 0.01% for both long and short, greatly saving trading costs. And there are no borrowing costs for positions, balancing long and short positions through funding rates, with a built-in automatic leverage reduction control system that significantly lowers the risk of liquidation.
Low threshold VIP service
MYX Finance has launched a VIP mechanism where users can enjoy VIP benefits just by holding MYX; they only need to hold 10 MYX to automatically obtain a basic VIP level, without the need for locking or trading volume requirements. The more holdings, the higher the fee discount, allowing users to save more costs in trading, which is more advantageous compared to the cumbersome mechanisms of traditional CEX, enhancing MYX's usability and market scale.
MYX chain abstraction technology
Users can conduct cross-chain transactions through a single account, with the relay network bearing the Gas fees, achieving gas-free transactions, and the operation is as smooth as a CEX, while assets are completely self-custodied, greatly ensuring the safety of funds.
Summary
MYX Finance redefines DeFi derivatives trading and experience with MPM technology and chain abstraction, combining the efficiency of CEX and the security of DEX, backed by top-tier capital, with a very high level of ecosystem activity, making it an innovative representative project in the DeFi field.
#MYXFinance引领BSC链上永续未来
By the way, let’s talk about the core competitiveness of MYX.
MYX Finance is a decentralized derivatives trading protocol that allows users to trade perpetual futures and other derivatives with the efficiency of centralized exchanges but with the transparency of DeFi. The Matching Pool Mechanism (MPM) is its core highlight, enabling zero slippage trading, high leverage rates, and reducing the risk of liquidation.
Matching Pool Mechanism MPM
Non-order book model: The liquidity pool automatically matches long and short positions, achieving capital efficiency of 125 times, supporting large capital pool-scale trading, with transaction fees as low as 0.01% for both long and short, greatly saving trading costs. And there are no borrowing costs for positions, balancing long and short positions through funding rates, with a built-in automatic leverage reduction control system that significantly lowers the risk of liquidation.
Low threshold VIP service
MYX Finance has launched a VIP mechanism where users can enjoy VIP benefits just by holding MYX; they only need to hold 10 MYX to automatically obtain a basic VIP level, without the need for locking or trading volume requirements. The more holdings, the higher the fee discount, allowing users to save more costs in trading, which is more advantageous compared to the cumbersome mechanisms of traditional CEX, enhancing MYX's usability and market scale.
MYX chain abstraction technology
Users can conduct cross-chain transactions through a single account, with the relay network bearing the Gas fees, achieving gas-free transactions, and the operation is as smooth as a CEX, while assets are completely self-custodied, greatly ensuring the safety of funds.
Summary
MYX Finance redefines DeFi derivatives trading and experience with MPM technology and chain abstraction, combining the efficiency of CEX and the security of DEX, backed by top-tier capital, with a very high level of ecosystem activity, making it an innovative representative project in the DeFi field.
#MYXFinance引领BSC链上永续未来