MYX Finance completes $5 million strategic round of financing for derivatives trading agreement, with participation from FL Foundation and others
ChainCatcher news, according to official sources, the derivatives trading protocol MYX Finance announced today the completion of its strategic round of financing, with participation from leading institutions such as FL Foundation, Woyong, D11-Labs, HashKey Capital, and Metalpha. Among them, institutions like D11-Labs and HashKey Capital previously participated in the seed round financing of MYX Finance.This round of financing will accelerate MYX Finance's vision of creating a "chain abstract liquidity layer," thereby addressing the two major challenges of DEX: "liquidity" and "usability." It aims to provide users with a CEX-level trading experience while retaining the composability and innovative potential of DEX. In November 2023, MYX Finance completed a $50 million seed round financing led by HongShan (Sequoia China).It is reported that MYX Finance will conduct its TGE in the first quarter of this year. Currently, the project has launched the Pre-TGE Pioneer Reward multi-task on Galxe, where community users can share 200,000 MYX tokens by completing social media community tasks, trading tasks, MLP purchase tasks, and more.