Consensys Becomes Top MYX Investor

Onchain derivatives protocol MYX has completed a strategic funding round led by Consensys, a company focused on building decentralized applications and developer tools. The round also included Consensys Mesh and Systemic Ventures. After the deal, Consensys became the largest investor in MYX. The funding will support the launch of MYX V2 and its new Modular Derivative Settlement Engine.

MYX V2 changes the role of the protocol. Instead of operating as a standalone decentralized application, MYX now acts as a settlement layer that other products can integrate. The company says this model reduces liquidity fragmentation across blockchains and creates shared clearing infrastructure for derivatives.

At the technical level, the upgrade integrates account abstraction standards EIP-4337 and EIP-7702, as well as a permissionless oracle stack from Chainlink. These components aim to simplify trading flows, improve capital efficiency and speed up listings of new assets.

The updated protocol supports gasless one-click trading and introduces a Dynamic Margin system with leverage of up to 50x. Pricing is anchored to oracles rather than order book depth.

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