MYX Finance (MYX): D-Score 27/100 — Centralized Leaning BlockIndex D-Score: 27/100 (Centralized Leaning). MYX Finance (MYX) is a Layer 2 cryptocurrency using Other consensus. MYX Finance: Cross-chain non-custodial derivatives protocol with shared collateral MPM, on-chain governance and multi-L2 deployments. Source: https://blockindex.ai/coin/myx · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 27: Node distribution: 0: Initial distribution: 0: Governance: 20: Age and history: 7: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: Other (N/A) - Launch: Other - Founder: N/A - VC funded: No - Max supply: 1,000,000,000 - Circulating: 330,126,090 (33.0%) Market data (as of 2026-06-19) - Price: $0.15 - Market cap: $47.98M - 24h volume: $31.09M - 24h change: +1.76% · 7d change: -39.32% About MYX Finance is a non-custodial derivatives protocol and native token designed to enable on-chain perpetual trading across multiple EVM environments. The project’s core mission is to reduce capital costs for liquidity providers and remove friction for traders by introducing a shared collateral architecture and a chain-abstraction approach that lets traders open and maintain positions with assets originating from multiple chains without manually bridging them. MYX positions itself as a protocol that preserves user custody while offering deep and capital-efficient derivatives liquidity, leveraging relayers and a delegate-trader model to streamline execution and settlement across Linea, Arbitrum, and BNB Chain. At the technical level, MYX separates custody from execution through a two-layer account model: users retain funds in standard externally owned accounts (EOAs) or smart wallets while delegating trading authority to a delegate-trader key that signs orders off-chain. Relayers pay gas and net settlement costs, improving UX and abstracting away per-chain gas requirements from users. The protocol’s Matching Pool Mechanism (MPM) concentrates collateral, rebalances exposures internally, and nets funding transfers to allow open interest to exceed locked funds while keeping matched trades fully collateralized. MYX’s architecture also embraces multi-chain collateral recognition and cross-margining concepts, with explicit deployments and recognized collateral across 20+ networks and ongoing work to extend support to non‑EVM ecosystems such as Solana. In practice, MYX targets traders and liquidity providers who require performant, low-friction access to perpetual swaps and margining across multiple chains. Fee tiers and incentives are designed to encourage depth and utilization while limiting per-trade cost when utilization is high. The token (MYX) functions both as a governance asset and as a mechanism to capture a share of protocol fees: stakers earn fee-share rewards and can participate in parameter votes that govern fee tiers, risk limits, supported chains, and other protocol-level settings. The protocol’s relayer model and delegate-trader system seek to reduce the operational burden on end users and provide fast, near-instant execution while ensuring on-chain settlement and transparency. MYX tokenomics are explicit and fixed: a maximum supply of 1,000,000,000 MYX is documented with a circulating supply of approximately 251,473,424 MYX (≈25.15%). The tokenomics breakdown listed in the provided sources shows allocations across ecosystem incentives (40%), core contributors (20%), investors (17.5%), airdrop (14.7%), initial liquidity provisioning (4%), community round (2%), and foundation reserve (1.8%). Holders can stake tokens to earn a share of net trading fees and to participate in on-chain governance; governance actions are executed through on‑chain contracts protected by a public timelock. The monetary policy is fixed supply, and the allocation and vesting schedule drive the ongoing dilution and incentive structure for ecosystem growth. Governance is explicitly on-chain: the sources describe an on-chain proposal and timelock execution framework that allows staked token holders to vote on key protocol parameters. While the sources do not provide a named corporate sponsor, CEO, or a clearly documented legal entity, the governance model and timelocked on‑chain execution point to a DAO-style, token-holder-driven framework for parameter changes. The project roadmap described in the sources focuses on cross-margining between markets, full cross-chain portfolio margining, automation of market creation, and expansion of chain abstraction to reach additional ecosystems. Market metrics in the provided snapshot indicate significant market interest (top-100 CMC ranking at snapshot time, ~61.77K holders, market capitalization on the order of hundreds of millions at the listed price), and MYX’s multi-chain deployments and fee-share staking model position it as a capital-efficient on-chain derivatives venue if the team executes on its cross-chain and margining ambitions. Links - Website: https://myxfinance.com/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore