MYX Finance completes a $5 million strategic round of financing for derivative trading agreement, with participation from FL Foudation and others

BlockBeats news, on March 8th, according to official sources, MYX Finance, a derivatives trading agreement, announced today the completion of a strategic round of financing, with participation from top institutions such as FL Foudation, Woyong, D11 Labs, HashKey Capital, and Metalpha. Among them, D11 Labs, HashKey Capital and other institutions have previously participated in MYX Finance's seed round financing. This round of financing will accelerate MYX Finance's vision of building a "chain abstract liquidity layer", thereby solving the two major challenges of DEX's "liquidity" and "usability". While providing users with a CEX level trading experience, it retains the composability and innovative potential of DEX. As the fastest growing multi chain derivative DEX protocol in 2024, MYX Finance is also the largest DEX project in the Linea ecosystem. In November 2023, MYX Finance completed a $50 million valuation seed round financing led by HongShan (Sequoia China). It is reported that MYX Finance will conduct TGE in the first quarter of this year. Currently, the project has launched Pre TGE Pioneer Reward multitasking on Galxe, where community users can divide 200000 MYX tokens by completing social media community tasks, trading tasks, MLP purchase tasks, etc.