MYX — DeFi on steroids in TON? Analyzing the hype protocol


Hello everyone in our crypto corner! 💎 Today we will talk about the MYX project, which aims to revolutionize the concept of decentralized finance within the explosive TON ecosystem. It is considered one of the main contenders for leadership in DeFi TON. Why? Let's break it all down.
What is MYX?
MYX is an innovative DeFi protocol for the TON ecosystem, based on the concept of "single-sided liquidity" (Single-Sided Liquidity) and the use of "Matchless Trading" (.
If we set aside complex terms: imagine that you want to earn by providing liquidity on an exchange, but you are scared of the risks of impermanent loss ). MYX solves this problem! It's like trading with leverage or opening "long"/"short" positions, but with a fundamentally new approach to liquidity formation.
Key "feature": Pair Trading (Matchless Trading)
This is the main thing that distinguishes MYX from all other DEX (decentralized exchanges).
· How does it work? In classic DEX, liquidity is provided by pairs such as (, for example, TON/USDT). In MYX, there are no traditional LP pairs.
· Instead, the protocol brings together traders opening opposing positions ( long and short ) on the same asset.
· Liquidity becomes "one-sided". You can simply add, for example, TON to the pool and earn income from the fees without worrying about impermanent losses in their classical understanding.
Simply put: MYX creates a decentralized market where "bulls" meet "bears", and the protocol acts as a guarantor and earns a commission.
What is the purpose of the $MYX token?
The native token ( is the lifeblood of the entire protocol ecosystem. It will be used for:
1. Governance ). Owners $MYX will have the right to vote on key decisions in the development of the protocol.
2. Staking and earning income. Staking $MYX will likely provide access to a share of the protocol's fees — a classic "share of revenue" model.
3. Stimulation. The token will be used to incentivize liquidity and activity on the platform.
4. Payment of fees. It is possible that holders of ( will receive discounts on trading fees.
Why is everyone talking about MYX right now?
· The problem being solved: Impermanent losses are the main barrier to the influx of regular users into DeFi. MYX offers an elegant solution.
· The explosion of the TON ecosystem: Thanks to integration with Telegram, TON is experiencing a boom in users. MYX wants to become their main financial gateway.
· Strong team and backers: The project attracts the attention of major investors, which adds to its credibility.
· Token anticipation: The community is eagerly awaiting the airdrop and public launch of the $MYX token, which is generating huge hype.
Prospects and risks )DYOR!$MYX :
Potential:
· If the technology works, MYX could become the "Uniswap" for the TON ecosystem.
· The massive influx of users from Telegram can ensure explosive growth.
Risks:
· This is a new and unverified model. There is always a chance of unforeseen vulnerabilities in smart contracts.
· The project is still very young, the tokenomics $MYX may change.
· High competition in DeFi TON (STON, DeDust, etc. ).
MYX2.55%
TON-3.22%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)