OKX Ventures invests in the decentralized derivatives exchange MYX.Finance

2023-11-28 21:09:28

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ChainCatcher news, OKX Ventures announced an investment in the decentralized derivatives exchange MYX.Finance. MYX is a fully decentralized derivatives trading platform that utilizes a groundbreaking MPM model, achieving capital efficiency of up to 125x. Its unique on-chain trading system provides traders with zero slippage and the lowest trading fees, while offering LPs intelligent exposure management services to enhance returns and significantly reduce trading risks. MYX is committed to breaking through the bottleneck of on-chain capital utilization efficiency and promoting the adoption of decentralized trading.

OKX Ventures founder Dora stated: "From 2019 to 2021, the number of CEXs gradually decreased, while the number of DEXs grew against the trend, increasing by over 100% in three years. The TVL of derivatives DEXs has increased 35.7 times since 2020, and the cumulative trading volume of the Top 20 derivatives DEXs has grown from 0 to the current level of $1.6T over three years. There is still significant growth potential for derivatives DEXs, and we look forward to MYX's performance in the derivatives market."

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OKX Ventures MYX.Finance

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