MYX receives support from Consensys ahead of the V2 launch

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The on-chain derivative protocol MYX has completed a strategic funding round led by Consensys, with participation from Consensys Mesh and Systemic Ventures. This deal makes Consensys the largest investor in MYX ahead of the launch of MYX V2.

The new capital will support the deployment of the Modular Derivative Settlement Engine, helping MYX develop into a core infrastructure for the multi-chain derivatives market. Unlike traditional vertically integrated decentralized exchanges, MYX V2 operates as a modular payment layer, allowing other platforms to build on it and reducing liquidity fragmentation across blockchains.

MYX V2 integrates account abstraction via EIP-4337 and EIP-7702, combined with Chainlink’s decentralized oracle system. The protocol enables one-click gasless, non-custodial transactions, supports up to 50x leverage, and reduces slippage through oracle-based pricing.

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