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Derivatives trading protocol MYX Finance completes $5 million strategic round of financing, with participation from FL Foundation and others

Derivatives trading protocol MYX Finance completes $5 million strategic round of financing, with participation from FL Foundation and others

Bitget2025/03/09 02:38

According to ChainCatcher, the derivatives trading protocol MYX Finance announced today that it has completed a strategic round of financing. This round of financing was participated in by leading institutions such as FL Foundation, Woyong, D11-Labs, HashKey Capital, and Metalpha. Among them, D11-Labs, HashKey Capital and other institutions have previously participated in the seed round of financing of MYX Finance.

This round of financing will accelerate MYX Finance's vision of creating a "chain abstraction liquidity layer", thereby solving the two major problems of DEX "liquidity" and "ease of use", while providing users with CEX-level trading experience, retaining the composability and scenario innovation potential of DEX. In November 2023, MYX Finance has completed a seed round of financing with a valuation of US$50 million led by HongShan (Sequoia China).

It is reported that MYX Finance will conduct TGE in the first quarter of this year. At present, the project has launched the Pre-TGE Pioneer Reward multiple tasks on Galxe. Community users can share 200,000 MYX tokens by completing social media group tasks, trading tasks, MLP purchase tasks, etc.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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