Derivatives Trading Protocol MYX Finance Completes $5 Million Strategic Funding Round, with Participation from FL Foundation

BlockBeats News, March 8th, According to official sources, the derivatives trading protocol MYX Finance announced today that it has completed a strategic funding round. This round of funding was led by FL Foundation, Woyong, D11-Labs, HashKey Capital, Metalpha, and other top institutions. D11-Labs, HashKey Capital, and other institutions had previously participated in MYX Finance's seed funding round.

This funding round will accelerate MYX Finance's vision to build a "chain-agnostic liquidity layer," addressing the two major challenges of liquidity and usability in DEX. It aims to provide users with a CEX-level trading experience while retaining the composability and innovative potential of DEX.

As the fastest-growing multi-chain derivatives 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 funding round led by HongShan (Sequoia China).

It is reported that MYX Finance will conduct a TGE in the first quarter of this year. Currently, the project has launched a Pre-TGE Pioneer Reward multitask on Galxe, where community users can participate in tasks such as social media community tasks, trading tasks, and MLP purchase tasks to share 200,000 MYX tokens.