Singapore, Singapore, February 18th, 2026, Chainwire
Onchain derivatives protocol MYX has completed a strategic funding round led by Consensys, with participation from Consensys Mesh and Systemic Ventures, ahead of the MYX V2 launch. With the closing of this round, Consensys has officially become the largest investor in MYX. The raise supports the rollout of MYX’s Modular Derivative Settlement Engine, marking the platform’s transition into core infrastructure for omnichain derivatives.
MYX V2 represents a structural shift in how onchain derivatives are built and settled. Rather than operating as a vertically integrated dapp, MYX now serves as a modular settlement layer that other products and platforms can build upon. This design reflects a broader industry move away from siloed DEXs toward shared clearing and settlement primitives, preventing derivatives liquidity from becoming fragmented across chains.
At the protocol level, MYX V2 integrates account abstraction via EIP-4337 and EIP-7702 alongside Chainlink’s latest permissionless oracle stack. Together, these components are designed to remove long-standing frictions in onchain trading including slow listings for long-tail assets as well as inefficient use of capital and complex transaction flows.
MYX V2 enables gasless, one-click trading while preserving non-custodial control and introduces a Dynamic Margin system that supports up to 50x leverage without relying on traditional order book depth. This architecture allows MYX to offer oracle-anchored pricing that eliminates slippage for large orders, significantly reducing execution risk for professional traders.
By decoupling liquidity depth from execution quality, MYX eliminates the trade-off between access and execution that onchain perps traders deal with every day. Traders no longer need to wait for deep order books, ladder into positions, or eat slippage when trading size—especially in new or volatile markets. Pricing is anchored directly to oracles rather than transient market depth, allowing positions to be opened and closed at predictable prices regardless of local liquidity conditions.
The result is materially lower effective trading costs than underlying spot markets, immediate access to newly emerging assets, and consistent execution even during periods of market stress. For active and professional traders, this means faster entries, cleaner exits, and reduced execution risk without sacrificing leverage or capital efficiency. These mechanics are not discretionary or market-maker dependent; they are enforced by deterministic economic models, robust margin systems, and conservative security assumptions designed to perform under real trading conditions.
MYX CEO Ryan added: “MYX V2 is more than just an exchange – it’s an engine. Integrating EIP-7702 and permissionless oracles means we can make onchain perps trading seamless while preserving decentralized sovereignty. We’re grateful to all our investors for aligning with our vision to redefine perpetual settlement standards.”
“As onchain markets mature, derivatives infrastructure needs to evolve beyond siloed venues toward modular, shared settlement layers,” said Ray Hernandez, Senior VP of Corporate Development at Consensys. “We believe that resilient, capital-efficient settlement infrastructure is foundational to the long-term health and scalability of Ethereum’s financial ecosystem. MYX’s approach reflects this shift, prioritizing composability and transparent settlement at the infrastructure layer.”
The V2 launch positions MYX as infrastructure for a broad range of market participants. Professional traders gain access to high leverage and slippage-free execution, while institutional investors can track the emergence of a new clearing and settlement layer within Ethereum’s derivatives stack. B2B partners, including trading apps and automation platforms, meanwhile, can plug directly into perpetual liquidity without building their own settlement rails.
While MYX supports rapid access to newly emerging assets, V2 is not designed purely for retail-focused speculative trading. Instead, the protocol is built to support sustained derivatives activity through robust settlement design, oracle security, and composable integrations. With backing from Consensys and a focus on infrastructure-first execution, MYX V2 aims to play a foundational role in the next phase of onchain derivatives.
About MYX
MYX is an innovative decentralized perpetual exchange that achieves zero slippage through its unique Matching Pool Mechanism (MPM). Through seamlessly matching long and short positions, MYX enables greater capital efficiency, unlocking boundless opportunities for traders. The V2 launch will transform MYX into a foundational infrastructure for omnichain derivatives.
Learn more: https://myx.finance/
Contact
Ryan
ryan@myx.finance
Disclaimer: Press release sponsored by our commercial partners.