@MYX Finance
Benefits & Functions ( MYX Finance )
1. Utility Token for Perpetual Trading
Used within the MYX Finance ecosystem, which is an on-chain perpetual (leverage) trading platform.
Its functions:
Supports transactions
Supports liquidity pool mechanisms
2. Staking & Reward
Holders can stake MYX to:
Receive rewards
Fee-sharing from trading activities on the platform
Additional incentives for liquidity providers
3. Governance (Voting Rights)
MYX grants holders the right to participate in voting regarding:
Protocol rules
Changes to trading parameters
Addition of features / changes to tokenomics
4. Ecosystem & Liquidity Incentives
MYX is used as
Rewards for traders
Bonuses for liquidity providers
Encouragement of activities to make the ecosystem more vibrant
5. Reducing Trading Costs
Some MYX features provide fee discounts for users who hold or stake MYX, making it more efficient for active traders.
6. Supporting “Zero-Slippage Trading” Model
With the Matching Pool mechanism, MYX plays a role in maintaining:
Pool liquidity
More stable order execution
Faster & more efficient trading experience
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$MYX
