How to Earn MYX Finance Rewards Through Staking and Yield Farming

Bittime - In the ever-evolving crypto world, many traders and investors seek ways to earn passive income without constantly buying and selling assets. One of the most popular methods today is staking and yield farming.

For users interested in decentralized derivative protocols like MYX Finance, these two mechanisms provide exciting opportunities to earn rewards while supporting ecosystem liquidity. This article will explain how to earn MYX Finance rewards through staking and yield farming, and how these concepts work behind the scenes.

What Is MYX Finance and How Does It Work?

MYX Finance is a non-custodial derivative protocol that enables on-chain perpetual contract trading for nearly any token with existing AMM markets. Unlike centralized exchanges, MYX adopts a fully decentralized approach where users maintain full control of their assets.

At the core of MYX’s architecture lies the Matching Pool Mechanism (MPM). Instead of using an order book or a constant product curve, MYX aggregates liquidity from multiple fund providers into a shared pool. From this pool, all long and short positions are matched, allowing the system to efficiently balance risk and support high trading volumes without locking excessive capital.

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MPM ensures that every trade remains fully collateralized, even when open interest exceeds locked funds. This enables MYX to maintain high capital efficiency. Additionally, MYX applies a tiered fee structure based on trading volume, with fees dropping as low as 1 basis point per side during high utilization.

MYX also offers a seamless cross-chain user experience (chain abstraction), allowing traders to open positions using various assets without manually bridging across blockchains. MYX’s smart wallet can recognize assets across 20+ networks, including Solana, Linea, Arbitrum, and BNB Chain. 

With its two-layer account system, users retain full control of their assets, while delegated keys enable instant transactions without signing each command manually.

How to Earn Rewards from Staking MYX Tokens

One of the most appealing features for the community is the ability to stake MYX tokens. By staking, users not only lock assets to support network security but also earn a share of the trading fees collected by the protocol.

Start by registering and verifying your identity, then make a minimum deposit of Rp10,000. After that, you can immediately buy your favorite digital assets!

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FAQ

What is MYX Finance?

MYX Finance is a non-custodial derivative protocol that enables on-chain perpetual contract trading with centralized liquidity through the Matching Pool Mechanism.

What is the difference between staking and yield farming?

Staking means locking tokens to support the network and earn rewards, while yield farming means providing liquidity to a pool to earn additional returns.

Is MYX staking safe?

The safety of staking depends on the smart contract used. Since MYX operates on-chain and is transparent, its risks can be publicly audited.

How do you earn MYX rewards?

Rewards are earned by staking MYX tokens or participating in yield farming to support ecosystem liquidity.

Is MYX available on multiple blockchain networks?

Yes, MYX currently supports over 20 networks including Linea, Arbitrum, BNB Chain, and Solana.