MYX closes strategic funding round led by Consensys

MYX has completed and closed a strategic funding round led by Consensys ahead of its V2 launch.

Onchain derivatives protocol MYX has completed a strategic funding round led by Consensys, with participation from Consensys Mesh and Systemic Ventures, ahead of the MYX V2 launch. With the closing of this round, Consensys has officially become the largest investor in MYX. The raise supports the rollout of MYX’s Modular Derivative Settlement Engine, marking the platform’s transition into core infrastructure for omnichain derivatives.

MYX V2 represents a structural shift in how onchain derivatives are built and settled. Rather than operating as a vertically integrated dapp, MYX now serves as a modular settlement layer that other products and platforms can build upon.

At the protocol level, MYX V2 integrates account abstraction via EIP-4337 and EIP-7702 alongside Chainlink’s latest permissionless oracle stack. Together, these components are designed to remove long-standing frictions in onchain trading including slow listings for long-tail assets as well as inefficient use of capital and complex transaction flows.

MYX V2 enables gasless, one-click trading while preserving non-custodial control and introduces a Dynamic Margin system that supports up to 50x leverage without relying on traditional order book depth. This architecture allows MYX to offer oracle-anchored pricing that eliminates slippage for large orders, significantly reducing execution risk for professional traders.

By decoupling liquidity depth from execution quality, MYX aims to eliminate the trade-off between access and execution that onchain perps traders deal with every day. MYX states that with this approach, traders no longer need to wait for deep order books, ladder into positions, or eat slippage when trading size, especially in new or volatile markets. Pricing is anchored directly to oracles rather than transient market depth, allowing positions to be opened and closed at predictable prices regardless of local liquidity conditions.

According to the team, the result is materially lower effective trading costs than underlying spot markets, immediate access to newly emerging assets, and consistent execution even during periods of market stress. These mechanics are not discretionary or market-maker dependent; they are enforced by deterministic economic models, robust margin systems, and conservative security assumptions designed to perform under real trading conditions.