MYX Finance
MYX Finance is an online decentralized platform for perpetual trading that provides a permissionless environment for trading crypto perpetual contracts. The platform is equipped with a comprehensive risk management system designed to guard against network outages, oracle attacks, liquidity squeezes, one-sided markets, and asset collapses. MYX Finance operates in the decentralized finance (DeFi) space, offering…
Funding snapshot
About
MYX Finance is an online decentralized platform for perpetual trading that provides a permissionless environment for trading crypto perpetual contracts. The platform is equipped with a comprehensive risk management system designed to guard against network outages, oracle attacks, liquidity squeezes, one-sided markets, and asset collapses. MYX Finance operates in the decentralized finance (DeFi) space, offering traders the ability to take leveraged positions on various crypto assets without traditional intermediaries. The platform focuses on providing secure, efficient, and transparent perpetual futures trading through smart contract infrastructure. Founded in 2023 and headquartered in Singapore, the company has raised $5 million in seed funding from investors including Consensys, Hack VC, OKX, Redpoint China Ventures, HashKey Capital, Foresight Ventures, GSR, HSG, and Cypher Capital. MYX Finance is recognized as a minicorn in the blockchain and consumer technology space.
Business model
Cryptocurrencies > Financial Services > Investment Industry > Online Trading Platforms > Futures & Options > DeFi Based > Perpetual Futures
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