MYX Finance

MYX Finance is an oracle-based perpetual DEX on Arbitrum that introduces a unique matching pool mechanism designed to reduce price impact on trades. Launched in February 2024, it offers a differentiated approach to pool-based perpetual trading.

The platform lists 34 markets with up to 100x leverage, featuring zero maker fees and a 0.05% taker fee. The matching pool model pairs opposing positions to minimize the price impact that typically affects pool-based DEXes, improving execution quality for traders while managing risk more efficiently for LPs.

MYX Finance operates within Arbitrum's DeFi ecosystem, benefiting from the chain's deep liquidity and composability with other protocols. The platform's focus on reducing price impact makes it particularly interesting for traders who want oracle-based execution without the slippage concerns that sometimes affect pool models during volatile markets.

The MYX token launched in May 2025 with 14.7% airdropped to early users and 40% allocated to ecosystem incentives. The ongoing points program continues to reward active traders, with zero maker fees serving as a perpetual incentive for limit order flow.

MYX Finance targets traders on Arbitrum who prefer oracle-based execution with improved price impact handling. Its matching pool innovation attempts to solve one of the key challenges of pool-based perp DEXes — making it a compelling alternative to GMX v2 on the same chain.