Catenaa, Friday, February 27, 2026-Onchain derivatives protocol MYX has completed a strategic funding round led by Consensys.

The round was conducted with participation from Consensys Mesh and Systemic Ventures, positioning Consensys as the platform’s largest investor ahead of the MYX V2 rollout.

The funding supports the launch of MYX’s Modular Derivative Settlement Engine, marking the platform’s evolution into core infrastructure for omnichain derivatives.

Unlike traditional vertically integrated decentralized exchanges, MYX V2 operates as a modular settlement layer that other platforms and products can build upon, aiming to reduce liquidity fragmentation across chains.

MYX V2 incorporates account abstraction via EIP-4337 and EIP-7702, alongside Chainlink’s permissionless oracle stack, to streamline onchain derivatives trading.

The protocol enables gasless, one-click trading while maintaining non-custodial control. Its Dynamic Margin system supports up to 50x leverage without relying on order book depth, while oracle-anchored pricing reduces slippage for large trades and enhances execution predictability.

By separating liquidity from execution quality, MYX aims to lower trading costs, provide immediate access to emerging assets, and maintain consistent execution during market stress.

The platform enforces deterministic economic models, robust margin rules, and conservative security assumptions to safeguard professional and institutional traders.

CEO Ryan said the V2 upgrade transforms MYX into “an engine” for seamless onchain perpetual trading while preserving decentralized sovereignty.

Consensys Senior VP Ray Hernandez highlighted that modular, capital-efficient settlement infrastructure is critical to Ethereum’s financial ecosystem and supports composability and transparent clearing at scale.

The launch positions MYX V2 as foundational infrastructure for professional traders, institutional investors, and B2B partners seeking integrated derivatives liquidity across Ethereum and other chains.