Overview

MYX Finance is an innovative decentralized perpetual exchange designed to achieve zero slippage through its proprietary Matching Pool Mechanism (MPM), which seamlessly matches long and short positions to maximize capital efficiency up to 125x. Built as a non-custodial derivatives exchange, MYX enables on-chain trading of perpetual contracts for virtually any token with an existing AMM market, providing traders with an experience as smooth as spot swaps while significantly lowering the capital cost of liquidity provision. All trades on MYX are executed based on PYTH oracle prices, ensuring no price impact or slippage regardless of trade size. The platform offers USDC-margined perpetual futures with leverage of up to 50x, denominated and settled in USDC. MYX’s liquidity pools (LPs) for each trading pair operate independently, consisting solely of the index and quote tokens for that pair. Liquidity providers earn MLP tokens that appreciate in value as the pools receive a share of transaction fees, funding fees, and profits from closed positions. The ecosystem also includes staking and delegation mechanics for the $MYX token, which is essential for node operation, governance participation, and reward eligibility, ensuring decentralization and long-term sustainability of the MYX protocol.

Whitepaper & Documents