MYX

What MYX does

MYX is a Singapore-based decentralized derivatives protocol that operates a permissionless perpetual futures exchange for any asset from day one. Founded in 2023, the platform serves crypto traders, DeFi users, and liquidity providers via a self-serve web application (app.myx.finance) with no KYC requirement. The primary user segments are crypto traders seeking leveraged perpetual exposure on long-tail assets and liquidity providers seeking yield-bearing positions without impermanent loss.

The protocol's flagship MYX V2 product is built around a modular derivatives settlement engine designed to prevent liquidity fragmentation across chains. Its technical foundation combines account abstraction standards (EIP-4337 and EIP-7702) with Chainlink's permissionless oracle stack, and uses a dual-vault hedging mechanism that the company claims eliminates impermanent loss for liquidity providers. Beyond core trading, MYX offers Earn Vaults (liquid market making), Trench high-yield pools, Stable Vaults for stablecoin yield, a Dashboard for analytics, a 20% referral rebate program, a "Cook" yield-strategy feature, and a "Create Market" tool enabling permissionless perpetual market creation on any asset.

MYX generates revenue primarily through trading fees on perpetual swap transactions and yield captured on stablecoin deposits in its vaults. The go-to-market motion is product-led and community-driven, distributing through the self-serve web app, X, Discord, Medium, Gitbook documentation, and ecosystem events such as the Four.meme AI Sprint co-organized with BNB Chain. The company is privately held and backed by Consensys (largest investor since February 2026), alongside Hack VC, OKX Ventures, Redpoint, GSR, HashKey Capital, Foresight Ventures, Cypher Capital, HSG, Lecca Ventures, and Leland Ventures, with a leadership team anchored by founder and CEO Mark Zhang.

Name

MYX

Legal name

MYX

Website

https://myx.finance

Company type

Private

Founded year

2026

Operating status

Operating

Short description

MYX is a Singapore-based decentralized derivatives protocol offering permissionless perpetual futures trading for any asset from day one. It serves crypto traders, DeFi users, and liquidity providers through its V2 omnichain settlement engine, dual-vault hedging, and yield-generating vault products, monetized via trading fees and vault yield.

Ownership category

akta.pro rank

Product category

Decentralized Derivatives Trading

NAICS

Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Perpetuals & Derivatives DEXs (FSADABAE)

akta.pro secondary industries

Derivatives Trading Venues (perps, futures, options) (FSAPADAE), Derivatives, Perpetuals & Options Protocols (FSADAMAC), Perpetual Futures (Perps) Venues & Protocols (FSADAGAA)

Keywords

• Perpetual futures
• Decentralized derivatives
• Cross-chain trading
• Liquidity provision
• Yield vaults

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Trading Fees: Revenue generated from trading activity on the platform. The platform facilitates perpetual swap trading where fees are collected on each trade.
2. Yield from Stable Vaults: Earns yield from stablecoin deposits placed in vaults for liquidity provision and yield optimization via liquid market making.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

MYX is a decentralized derivatives protocol offering permissionless perpetual futures trading for any asset across multiple blockchain networks. The V2 platform features a modular derivatives settlement engine with account abstraction (EIP-4337, EIP-7702) and Chainlink oracle integration. It is complemented by yield-generating products including Earn Vaults, Trench high-yield pools, and Stable Vaults.

Product overview

MYX is a decentralized derivatives trading platform offering permissionless perpetuals for any asset. The platform operates a modular architecture centered on MYX V2 as the core trading infrastructure, complemented by yield-generating products including Earn Vaults (liquid market making), Trench (high-yield pools), and Stable Vaults (stablecoin yield). Additional features include Dashboard for market monitoring, Referral Rebate program, Cook for yield strategies, and Create Market for permissionless market creation.

Differentiator

Problem solved

Functional benefit

Products and services

• MYX V2
• Earn Vaults
• Trench
• Stable Vaults

Quantifiable outcome

• Zero IL for liquidity providers through dual-vault hedging mechanism
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• BNB ChaincoreStrategic or Co-development PartnerCo-organized the Four.meme AI Sprint hackathon (April 1-30, 2026) with $50,000 prize pool, targeting AI x Web3 innovation including AI Agent, generative AI, and AI tools.
• Four.memecoreStrategic or Co-development PartnerCo-organized a global online AI hackathon (Four.meme AI Sprint) with ecosystem partners including MYX, BNB Chain, Unibase, Pieverse, Dgrid, and TagAI.
• ChainlinkcoreTechnology or IntegrationIntegrated Chainlink's latest permissionless oracle stack for price feeds and data availability in MYX V2 platform.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• dYdX: dYdX is the largest decentralized perpetual futures exchange, operating its own appchain with order book-based perps. It is the most direct competitor to MYX in the on-chain derivatives DEX category, competing for the same trader liquidity and long-tail asset listings.
• GMX: GMX is a leading spot-and-perps DEX on Arbitrum and Avalanche using a GLP liquidity vault model. MYX directly competes with GMX's zero-IL positioning and targets the same crypto-native derivatives trader segment, with a comparable LP-side value proposition.
• Hyperliquid: Hyperliquid operates a high-performance on-chain order book perps DEX on its own L1. It is one of the fastest-growing perps DEXs by volume and competes directly with MYX for active derivatives traders seeking leverage on long-tail assets.
• Perpetual Protocol: Perpetual Protocol is an early DeFi perpetuals exchange using a virtual AMM (vAMM) design. It pioneered on-chain perps alongside dYdX and addresses the same target market of retail and professional crypto traders as MYX.
• Synthetix: Synthetix is a derivatives liquidity protocol on Ethereum and Optimism offering synthetic assets and perps via its v3 architecture. It provides the underlying liquidity layer that competitors like Kwenta consume, and is structurally comparable to MYX's omnichain settlement ambitions.
• Jupiter Perps: Jupiter Perps is the perpetual futures product of the dominant Solana DEX aggregator Jupiter. It offers leveraged perps to Solana's massive retail user base and competes with MYX for cross-chain derivatives trader mindshare.
• Drift Protocol: Drift is a leading Solana-native perps and spot DEX offering up to 20x leverage. It serves the same derivatives trading use case as MYX and represents a strong chain-specific competitor for liquidity and volume.
• Gains Network: Gains Network operates gTrade, a decentralized leveraged trading platform supporting perps on crypto and synthetic stocks/forex. It targets the same leverage-seeking retail trader segment as MYX with comparable self-custody and self-serve distribution.

Emerging players

• Kwenta: Kwenta is the primary frontend on top of Synthetix v3 for trading perpetual futures. It is comparable to MYX as a perps DEX consumer-facing application, though it relies on Synthetix liquidity rather than operating its own settlement engine.
• ApeX Protocol: ApeX Protocol is a non-custodial order book perps DEX on Arbitrum and other chains. It is comparable to MYX as a permissionless derivatives venue targeting professional and pro-retail traders seeking order-book execution on-chain.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MYX_Finance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MYX