MYX Completes Strategic Financing, Version 2 Set to Launch
TechFlame
2026-02-18 14:27
TechFlame2026-02-18 14:27
English
TechFlame News: On-chain derivatives protocol MYX has announced the completion of a strategic funding round led by Consensys, with participation from Consensys Mesh and Systemic Ventures. Following this round, Consensys has officially become MYX’s largest investor. The funds will be used to support the launch of MYX V2 and the deployment of its modular derivatives settlement engine. MYX V2 marks the platform’s transition from a vertically integrated DApp to a modular settlement layer, enabling other products and platforms to build on top of it. This design aims to prevent the fragmentation of derivatives liquidity across chains and drive the industry’s evolution from isolated DEXs toward shared clearing and settlement primitives. At the protocol level, MYX V2 integrates account abstraction based on EIP-4337 and EIP-7702, combined with Chainlink’s latest permissionless oracle stack, addressing long-standing pain points such as slow onboarding of long-tail assets, low capital efficiency, and complex trading processes.