MYX Finance Explained: How Its DeFi Pair Pool System Works

Summary

MYX Finance is a decentralized exchange (DEX) built for perpetual futures and derivatives trading, offering a seamless and low-cost user experience. Its unique Matching Pool Mechanism (MPM) ensures zero slippage, up to 50x leverage, and exceptional capital efficiency.

Currently live on Linea, Arbitrum, and BNB Chain, MYX supports cross-chain trading and continues to expand its ecosystem. As of May 7, 2025, the platform has reached a total value locked (TVL) of $41.15 million.

For anyone exploring the DeFi trading space, MYX stands out with its advanced infrastructure, strong growth momentum, and an active, expanding user base—making it a project worth keeping an eye on.

Introduction

Launched in February 2024, MYX Finance is a next-generation decentralized exchange (DEX) that merges the speed of centralized platforms with the security and transparency of decentralization, specifically designed for crypto derivatives trading. At the core of MYX is its Matching Pool Mechanism (MPM), which delivers zero slippage, low trading fees, and up to 50x leverage for perpetual futures.

The platform is fully non-custodial and designed with user experience in mind, making it a seamless bridge between traditional finance and blockchain. Backed by $10.5 million in funding and a recent token launch, MYX is rapidly gaining traction as it redefines how users engage with DeFi trading.

This article takes a closer look at what makes MYX Finance stand out—and why it’s capturing the attention of the crypto world. Whether you’re a seasoned DeFi trader or simply curious about the future of on-chain derivatives, this guide offers a comprehensive look at how MYX is reshaping the landscape.

Why You Should Be Watching MYX Finance Right Now

MYX Finance (MYX) has been gaining serious traction since late 2024, and momentum is accelerating into 2025. The platform made headlines with its IDO on Binance Web3 Wallet in May 2025—an event that drew massive attention, especially given the strong post-launch performance of previous tokens like $SHELL, which surged over 600%.

On social media platform X, MYX’s growth is being closely tracked. In Q1 2025 alone, MYX’s Total Value Locked (TVL) skyrocketed from $10 million to $42 million, signaling growing user trust and protocol usage.

At the same time, MYX has announced expansion to Solana and is building toward an ambitious goal: launching a permissionless chain-abstracted perpetual DEX, a move that could position MYX to compete with industry leaders like Hyperliquid. Its traction is further fueled by community-driven initiatives, including trading mining rewards and airdrop campaigns, which have attracted over 200,000 unique trading addresses.

If you’re interested in the future of DeFi derivatives, MYX’s innovative model, rapid adoption, and multi-chain support make it one of the most compelling projects to watch in 2025.

MYX Finance at a Glance

• Project Name: MYX Finance (MYX)

• Website: MYX Finance Official Site

• Whitepaper: MYX Token Whitepaper

• BSC Contract: 0xD82544bf0dfe8385eF8FA34D67e6e4940CC63e16

• Total Supply: 1 Billion MYX

• Blockchain Explorer: View on BscScan

• CEX Listing: CoinEx

• DEX Listing: PancakeSwap V3 (BSC)

• Community Channels:

  • Telegram

  • X / Twitter

  • Medium

  • Discord

What Is MYX Finance (MYX)?

MYX Finance is a decentralized derivatives exchange (DEX) that enables users to trade perpetual futures and other derivatives with the efficiency of a centralized exchange (CEX) while maintaining the transparency and control of DeFi.

At the core of MYX’s trading engine is its innovative Matching Pool Mechanism (MPM), which delivers a seamless and efficient trading experience with zero slippage, high leverage, and ultra-low fees.

Key Features of MYX Finance:

• Zero Slippage
  The MPM model instantly matches long and short positions, eliminating price impact during trades.

• High Leverage
  Traders can access up to 50x leverage on USDC-margined perpetual contracts.

• Low Fees
  Enjoy trading fees as low as 0.01% per side, with no borrowing costs on open positions.

• Non-Custodial
  MYX is fully decentralized—users retain complete control over their assets and can trade without registration.

• Cross-Chain Support
  The platform is live on Linea, Arbitrum, and BNB Chain, and accepts collateral from over 20 different blockchain networks (as listed on CoinMarketCap in 2025).

• Gasless Trading
  A relayer network covers gas fees, making transactions feel instant and friction-free.

How Does MYX Finance Work?

MYX Finance reimagines decentralized trading by moving beyond traditional order book systems. Instead of matching buyers and sellers through a book, it uses liquidity pools (LPs) as the counterparty to every trade, enabling a more efficient and scalable DeFi experience.

Matching Pool Mechanism (MPM)

The Matching Pool Mechanism (MPM) acts like an intelligent trade matcher. When a trader opens a position—say, a long on BTC—the liquidity pool takes the opposite side (a short) and locks up collateral to support the trade. If another trader later opens a matching short position, the pool pairs the two traders and releases its capital.

This design allows for:

• Instant execution

• Zero slippage

• Up to 125x capital efficiency, as the pool can support more trading volume than it holds in assets.

Funding Rate Dynamics

To maintain market balance, MYX applies an hourly funding rate. The side with higher open interest (longs or shorts) pays a small fee to the opposite side. This incentivizes traders to keep positions balanced, reduces risk for LPs, and promotes healthier market dynamics. (MYX Finance, 2025)

Auto-Deleveraging (ADL)

When the market becomes highly imbalanced or liquidity is strained, MYX uses an Auto-Deleveraging (ADL) system. ADL automatically closes the most profitable opposing positions to reduce exposure and maintain platform stability—without requiring additional capital from users.

Chain Abstraction

MYX supports chain abstraction through a unified trading account, allowing users to trade seamlessly across multiple blockchains—such as Solana, Arbitrum, and others—with a single wallet. No bridging, no asset swapping, and no manual gas payments. All fees are handled behind the scenes through a relayer network.

MYX Finance Funding Overview

MYX Finance has successfully raised $10.5 million in funding, demonstrating strong investor confidence in its vision and technology. The project’s seed round in November 2023 secured $5 million at a $50 million valuation, backed by top-tier investors including:

• HongShan (Sequoia China)

• HashKey Capital

• Consensys

• Hack VC

• OKX Ventures

This capital has supported key milestones such as the rollout of cross-chain collateral, Solana integration, and strategic market expansion. With the mainnet launch completed and a highly anticipated IDO generating significant momentum, MYX is now well-positioned for the next phase of growth.

MYX Tokenomics

The $MYX token has a fixed total supply of 1 billion, with a thoughtfully designed allocation model aimed at long-term sustainability and ecosystem growth: