PANews reported on May 12 that according to official news, after the derivatives trading protocol MYX Finance was launched on Binance wallet IDO and landed on Binance Alpha, it announced on May 12 the official launch of two core function upgrades: the Keeper System staking node system and the new VIP level system.
With the launch of the Keeper Network staking node system, MYX Finance users can stake $MYX to 21 Keeper nodes selected by the community. The nodes are responsible for publicly executing transaction tasks to ensure efficient and secure transactions. In addition, the platform has simultaneously launched a fee repurchase mechanism, using net income transaction fees to repurchase $MYX and distribute it to staking nodes, continuously improving node income and token value. In the Keeper Network, the more active the user transactions, the higher the node income, which will form a positive cycle of staking incentives and $MYX deflation.
MYX Finance offers a VIP mechanism for holders of MYX coins, which opens a fee discount for high-level VIP users of CEX. Users only need to hold 10 $MYX coins to automatically obtain the basic VIP level, without the need to lock positions or trading volume requirements. The more positions you hold, the higher the fee discount you enjoy, which far exceeds the cumbersome mechanism of traditional CEX, further enhancing the use value and market demand of $MYX.
Through this upgrade, MYX Finance is accelerating the construction of an on-chain derivatives ecosystem in which everyone can participate through the dual drive of node incentives and token empowerment.
