MYX Secures Strategic Funding Led by Consensys

MYX, an on-chain derivatives protocol, has announced the completion of a strategic funding round led by Consensys. According to ChainCatcher, Consensys Mesh and Systemic Ventures also participated in the investment. Following this round, Consensys has become the largest investor in MYX. The funds will be used to support the release of MYX V2 and the deployment of a modular derivatives settlement engine. MYX V2 represents a shift from a vertically integrated decentralized application (DApp) to a modular settlement layer, allowing other products and platforms to build on it. This design aims to prevent the fragmentation of derivatives liquidity across chains and promote the evolution of the industry from isolated decentralized exchanges (DEX) to shared clearing and settlement primitives. At the protocol level, MYX V2 integrates account abstraction based on EIP-4337 and EIP-7702, combined with Chainlink's latest permissionless oracle stack, addressing long-standing issues such as slow onboarding of long-tail assets, low capital efficiency, and complex trading processes.