After being listed on Binance Alpha, the on-chain derivatives platform @MYX_Finance was selected for the BNB Chain Foundation's $100 million incentive program project purchase pool. The BNB Chain Foundation purchased $25,000.00 U worth of $MYX 5 days ago.
Purchase link: https://t.co/gOsDr1YplM
Yesterday, $MYX Finance launched a very important utility use case for its native token $MYX: the Keeper Network (staking).
$MYX Finance uses the Keeper Network to ensure that transactions are executed correctly and transparently entirely on-chain. This is roughly the same principle as the validation system of a PoS network: delegate tokens to nodes (or run your own node) → nodes perform review, verify transactions to ensure the network operates normally → receive transaction fees, Gas fees, MEV revenue, inflation rewards, etc.
Because of the Keeper Network, $MYX Finance has become the first Perp DEX to combine the trading matching experience of a CEX with a fully decentralized on-chain executor.
This is supported by the Keeper Network: stake ≥ 300,000 $MYX (≈$30,000.00) to become a node candidate (users who do not run nodes can delegate their $MYX to node candidates) → ranked weekly based on the amount of $MYX staked, the top 21 node candidates become active nodes in the next week → receive fee rebates (including Gas fees), transaction fees, and liquidation and penalty income.
For specific mechanism details, you can check $MYX Finance's Medium: https://t.co/UByr6ihHKt
The staking function has been online for less than a day, and currently 1,590,000 $MYX have been staked.
Several well-known institutions have already staked $MYX to become nodes to support the development of the Keeper Network, including: @LineaBuild, FL Foundation, Sequoia China, Woyong.