MYX, an onchain derivatives protocol, completed a strategic funding round led by Consensys, with participation from Mesh, Systemic Ventures, and Ethereal Ventures, according to a Wednesday announcement.
The investment makes Consensys the largest backer of the derivatives protocol. The capital supports the deployment of the Modular Derivative Settlement Engine, positioning MYX as a key infrastructure layer for omnichain derivatives.
MYX is preparing to launch its V2 upgrade, which shifts the protocol from a standalone exchange to a modular settlement layer that enables other platforms to build on top of it and prevents liquidity fragmentation across chains.
The new version introduces gasless one-click trading and a Dynamic Margin system supporting leverage up to 50x.
V2 also incorporates EIP-4337, EIP-7702, and Chainlink’s permissionless oracle stack to remove barriers in trading long-tail assets, optimize capital use, and simplify transaction workflows.
Consensys provides development tools and wallet infrastructure widely used across the Ethereum ecosystem. Its investment signals deeper integration between established Ethereum developers and emerging DeFi derivatives platforms.
Source: https://cryptobriefing.com/blockchain-investment-myx-finance/
