As the crypto market evolves, airdrops have become a lucrative way for investors to earn returns. MYX Finance, a prominent player in the crypto trading space, has recently launched the “Project Origin Phase 3: Silurian” airdrop campaign, distributing 5 million $MYX and 5 million $ZKP tokens to participants. This campaign, along with the new long-term “Airdrop” initiative, offers multiple rewards, solidifying MYX Finance’s position as a standout in the Perp DEX space.
MYX Finance： A Promising Project with Great Potential
Since its Mainnet launch in February 2024, MYX has amassed over 33,000 users and achieved a daily trading volume exceeding $200 million. positioning itself as the “fastest growing DEX in 2024.” Within just 36 days, it surpassed a daily trading volume of $100 million, making it the fastest-growing DEX of 2024. By comparison, dYdX and GMX took 184 days and 86 days, respectively, to reach this benchmark.
Since its Mainnet launch in February 2024, MYX has rapidly gained traction, amassing over 33,000 users and achieving a daily trading volume exceeding $200 million. This impressive performance has earned MYX the title of “fastest growing DEX in 2024.” Within just 36 days, MYX surpassed a daily trading volume of $100 million—outpacing dYdX and GMX, which took 184 days and 86 days, respectively, to reach this milestone.
MYX stands out in the decentralized derivatives market due to its innovative features. Central to its appeal is the MPM (Matching Pool Mechanism), integrating Liquidity Pool, Funding Fees, Maker Rebate, and an Auto-Deleveraging System (ADL). During the “Silurian Period,” while earning MYX users can benefit from:
Zero Slippage: The MPM ensures unlimited liquidity, providing a trading experience comparable to centralized exchanges (CEX) with zero slippage.
Low Trading Costs: MYX offers lower trading costs than its competitors, featuring minimal on-chain transaction fees and no interest payments on held positions.
VIP Discounts: Users earn VIP status based on trading volume or MLP holdings, qualifying for significantly reduced trading fees. Maker/taker fees can be as low as -0.01%/0.018%.
Referral Fee Rebates: Traders receive a percentage of their transaction fees back as a referral fee rebate.
Incentive Campaigns: MYX hosts long-term airdrops activity and ongoing campaigns, offering users opportunities to engage with the platform and win airdrops of $MYX, $ZKP, and $LXP tokens during the “Silurian Period.”
Unlimited liquidity with Limited funds: The MPM’s unique design ensures unlimited liquidity with restricted funds, effectively managing market imbalances even in extreme conditions.
With its strong growth trajectory and innovative features, MYX Finance is poised to continue its ascent and deliver substantial returns for its investors
What is “Project Origin”?
“Project Origin” is a comprehensive airdrop campaign launched by MYX Finance, with the current “Silurian Period” being its third phase. Initiated in March, this ambitious campaign aims to distribute 200,000,000 tokens—20% of MYX’s total supply—to community members and supporters.
The first two phases, the “Cambrian Period” and the “Ordovician Period,” have been highly successful. During these initial phases, MYX distributed 23,000,000 $MYX tokens in each phase. Over 33,000 users actively engaged in these periods, demonstrating strong community support. Notably, the MYX community in Japan, Korea, and Russia has grown to over 22,000 members.
These impressive results highlight the success of the airdrop campaigns and the strong market confidence in MYX Finance.
Introduction of Long-term Airdrop and Highlights of the “Silurian Period” Campaign
As MYX Finance enters a new phase of “Project Origin,” the team has taken user feedback to heart and launched an exciting long-term airdrop campaign to reward their dedicated community. Unlike previous airdrops that required understanding specific rules around assets, chains, and durations, this new campaign removes those limitations, making it easier and more inclusive.
With the introduction of long-term airdriop, the “Silurian Period” campaign offers an enhanced rewards experience with improved incentives and a more lucrative structure:
Introduction of Long-term Airdrop: Users can now earn Airdrop Gems simply by trading or providing liquidity on MYX. These gems will accumulate and convert into MYX airdrops up until the TGE.
Enhanced Rewards Pool: Participants will share in a generous rewards pool of 5 million $MYX, 5 million $ZKP, and $LXP tokens. Community members can gain not only MYX tokens but also zkPass and Linea tokens.
Diverse Participation Methods: Beyond social media tasks, MYX Finance has designed activities for traders, influencers, and social media influencers. Seasoned traders can complete trading tasks to earn mystery boxes, while social influencers can win mystery boxes through invitation tasks.
Additional LXP Bonus: MYX Finance stands out among over 600 competitors as one of the seven inaugural protocols invested in by the Linea Ecosystem Investment Alliance (LEIA). MYX liquidity providers on Linea can now earn additional LXP rewards.
The “Silurian Period” is the best time for airdrop hunters to get involved. With diverse participation methods and multiple rewards, participants can earn more than ever before by completing social media tasks, referral tasks, trading, or providing liquidity. This new phase offers participants a chance to maximize their rewards and be part of MYX Finance’s exciting journey in the DeFi space.
What Are the Returns on $MYX?
In November 2023, MYX Finance secured $5 million in seed funding, valuing the company at $50 million. This round was led by prestigious investors such as HongShan (Sequoia China), Consensys, Hack VC, and other prominent venture capitalists. Bolstered by this strong financial backing, MYX also forged strategic partnerships with major crypto entities like OKX, Izumi, zkPASS, and Pyth, significantly fortifying its ecosystem.
This impressive support from leading investors and strategic partners highlights MYX’s position as a favored project in the blockchain industry, showcasing its immense potential for growth and innovation.
As of today, MYX’s daily trading volume has surged to $200 million, surpassing ApeX Protocol and GMX, and constituting one-third of dYdX’s daily volume. Boosted by the strong support of investors and the community, MYX Finance has become “the fastest growing DEX in 2024” in terms of TVL growth and daily trading volume growth.
With this robust growth trajectory, many crypto experts and analysts view MYX Finance as the next dYdX, poised to redefine the decentralized derivatives market. Reports indicate MYX is actively seeking another funding round, expected to fuel team expansion, product enhancements, and ecosystem development following its successful financing six months ago. Venture capitalists are keenly eyeing MYX for its immense growth potential.
As the “Silurian Period” campaign kicks off, introducing the long-term airdrop, MYX is expected to accelerate its growth, driving key metrics like trading volume and TVL to unprecedented levels. The remarkable performance and strong market presence underscore that the MYX token is poised to be highly valuable, making it an attractive investment for those looking to participate in the future of decentralized finance.
While a firm date for MYX’s Token Generation Event (TGE) is yet to be announced, this “dark horse” in the perpetual protocol space has already proven its worth in decentralized trading. Airdrop enthusiasts and savvy investors alike should stay informed about upcoming campaigns. Strategic investors have a prime opportunity to capitalize on these developments, with the MYX “Silurian Period” campaign standing out as an event not to be overlooked.
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