MYXとは

Matching Pool Mechanism (MPM)

The MPM is the foundational component of MYX Finance's trading engine, featuring three key aspects:

1. Position Netting: The aggregation of long and short orders into net exposure pools allows for collateralization based solely on the net difference between opposing positions. This innovative method reduces the capital required to maintain a position, offering traders enhanced leverage without compromising security.

2. Dynamic Funding Rates: To encourage a balance between long and short positions, a sophisticated algorithm adjusts funding rates hourly based on the prevailing market conditions and open interest. This feature helps maintain market equilibrium and minimizes price volatility.

3. Liquidity Recycling: MYX Finance creates continuous liquidity cycles by making released collateral from closed positions available for immediate reinvestment in new trades. As a result, traders benefit from near-zero slippage when executing trades, facilitating efficient operations.

Dual Oracle Security System

To maintain price integrity and security, MYX Finance incorporates a dual oracle system that consists of:

• Chainlink Price Feeds: This decentralized data aggregation mechanism obtains market data from various centralized and decentralized exchanges, providing reliable and tamper-proof price references.

• Proprietary Oracle: MYX Finance’s custom-built oracle cross-references multiple liquidity venues to validate price accuracy. If discrepancies exceed 0.5%, trading activity is automatically suspended to prevent front-running and price manipulation.

Seamless Key Technology

MYX Finance's wallet infrastructure simplifies the user experience by abstracting the complexities of cryptographic transactions. Key features include:

• Delegated Transaction Signing: Users can pre-approve trading parameters using a delegate key, streamlining the process by eliminating the need for confirmations on every trade.

• Gas Cost Absorption: The protocol allows users to pay network fees in the currency of settlement, removing the need to manage native gas tokens during cross-chain trading.

• Chain-Agnostic Collateral: Deposited assets can be utilized for trading across any supported network immediately, increasing flexibility for users.