MYX has closed a strategic funding round led by Consensys as it prepares to roll out MYX V2, the protocol’s ambitious update that reframes onchain derivatives infrastructure. Deal and strategic context - Consensys led the round and, together with Consensys Mesh and Systemic Ventures, has become MYX’s largest investor. The capital will support the launch of MYX’s Modular Derivative Settlement Engine and the platform’s move toward serving as core infrastructure for omnichain derivatives. What V2 changes - MYX V2 shifts the project from a vertically integrated dApp into a modular settlement layer that other products and platforms can plug into. This positions MYX as foundational infrastructure for derivatives across chains rather than just a single trading venue. Key technical integrations - Account abstraction via EIP-4337 and EIP-7702 is baked into the protocol to improve UX and transaction handling. - Chainlink’s permissionless oracle stack provides the pricing inputs that anchor MYX’s execution model. How trading works (and why it’s different) - Gasless, one-click trades with non-custodial control: users keep custody while enjoying a simplified UX. - Dynamic Margin system: supports up to 50x leverage without relying on deep order-book liquidity. - Oracle-anchored pricing: instead of depending on local order book depth, prices are anchored to oracles so large trades don’t incur slippage tied to transient liquidity. That approach is designed to reduce execution risk for professional traders and to make trade outcomes more predictable even in thin or volatile markets. Intended benefits - MYX says this architecture decouples execution quality from liquidity depth, removing the classic tradeoff between access and execution that perps traders face. According to the team, that enables: - Immediate access to newly listed or emerging assets without lengthy listing processes, - Lower effective trading costs than comparable spot markets, - Consistent execution during market stress, - Deterministic enforcement via economic models, robust margining, and conservative security assumptions rather than discretionary market-making. Bottom line - With strategic backing from Consensys and a modular, oracle-driven settlement engine, MYX V2 aims to become a reusable infrastructure layer for omnichain derivatives, promising smoother UX and more predictable execution for leveraged onchain trading. Disclosure: This article does not represent investment advice. Content is for educational purposes only. This content was provided by a third party; neither crypto.news nor the author endorses any product mentioned here. Users should conduct their own research before taking any action. Read more AI-generated news on: undefined/news