Decentralized derivative protocol MYX has announced the official launch of its mainnet. Through its innovative MPM mechanism, it achieves zero slippage trading and efficient matching of long and short positions, significantly improving capital efficiency and fund turnover. During the testnet phase, MYX successfully attracted 60,000 users, demonstrating its strong appeal in the market. It is worth mentioning that this mechanism has brought substantial returns to LPs, which are particularly outstanding compared to similar products. With the launch of the mainnet, MYX will introduce a gem system, where trading users will receive gems according to the rules, which will serve as important credentials for future airdrop plans. Previously, MYX successfully completed a $5 million seed round financing led by HONGSHAN and received support from well-known investment institutions including CONSENSYS, HACK VC, OKX VENTURES, FORESIGHT VENTURES, REDPOINT CHINA, HASHKEY CAPITAL, GSR MARKETS, ALTI5, LELAND VENTURES, CYPHER CAPITAL, BING VENTURES, and LECCA VENTURES.

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<p>Shenzhen-based TechFlow has announced the official launch of its decentralized derivatives protocol, MYX, on its mainnet. Through its innovative MPM mechanism, MYX achieves zero slippage trading and efficient matching of long and short positions, significantly improving capital efficiency and fund turnover. Its performance is comparable to centralized exchanges. During the testnet phase, MYX successfully attracted 60,000 users, demonstrating its strong market appeal. Particularly noteworthy is the substantial returns the mechanism brings to liquidity providers, which stands out among similar products. This achievement highlights MYX's outstanding ability to build a secure, efficient, and transparent trading platform, as well as its significant profit potential, with the aim of redefining decentralized derivatives protocols.</p>
<p>With the launch of the mainnet, MYX will introduce a gem system, where trading users will receive gems according to certain rules. These gems will serve as important credentials for future airdrop programs.</p>
<p>Prior to this, MYX has successfully completed a $5 million seed round financing, led by HongShan, and has received support from well-known investment institutions including Consensys, Hack VC, OKX Ventures, Foresight Ventures, Redpoint China, HashKey Capital, GSR Markets, Alti5, Leland Ventures, Cypher Capital, Bing Ventures, and Lecca Ventures.</p>
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The mainnet of the decentralized derivatives protocol MYX is officially launched.