MYX Secures Strategic Funding Led by Consensys Ahead of V2 Launch

According to an official announcement, Consensys has become MYX’s largest investor to support the V2 platform upgrade with advanced modular settlement and DeFi integration features.

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Summary

MYX officially announced a Consensys-led strategic funding round, with participation from Consensys Mesh and Systemic Ventures. Consensys has become MYX’s largest investor, with the raised capital directed toward the launch of MYX Version 2 and its modular derivatives settlement engine. The V2 upgrade transitions MYX to a modular settlement layer while integrating EIP-4337 and EIP-7702 account abstraction standards and Chainlink permissionless oracles. The funding underscores MYX’s focus on enhancing infrastructure for decentralized derivatives markets.

Terms & Concepts
  • EIP-4337: An Ethereum Improvement Proposal introducing account abstraction features, enabling smart contract-based wallets without requiring protocol changes.
  • EIP-7702: An Ethereum proposal for advanced account abstraction and programmable transaction functionality at the protocol level.
  • Chainlink Permissionless Oracles: Decentralized data feeds provided by Chainlink that can be integrated into smart contracts without needing permission from the network.