MYX, an onchain derivatives protocol, completed a strategic funding round led by Consensys, with participation from Mesh, Systemic Ventures, and Ethereal Ventures, according to a Wednesday announcement.
We are thrilled to announce that Consensys has led our latest strategic funding round, with participation from Mesh, Systemic Ventures and Ethereal Ventures.
With this investment, Consensys has officially become the largest investor of MYX Finance. This strategic alignment marks… pic.twitter.com/laSwCRacTv
— MYX.Finance (@MYX_Finance) February 18, 2026
The investment makes Consensys the largest backer of the derivatives protocol. The capital supports the deployment of the Modular Derivative Settlement Engine, positioning MYX as a key infrastructure layer for omnichain derivatives.
MYX is preparing to launch its V2 upgrade, which shifts the protocol from a standalone exchange to a modular settlement layer that enables other platforms to build on top of it and prevents liquidity fragmentation across chains.
The new version introduces gasless one-click trading and a Dynamic Margin system supporting leverage up to 50x.
V2 also incorporates EIP-4337, EIP-7702, and Chainlink’s permissionless oracle stack to remove barriers in trading long-tail assets, optimize capital use, and simplify transaction workflows.
“MYX V2 is more than just an exchange – it’s an engine,” MYX CEO Ryan noted. “Integrating EIP-7702 and permissionless oracles means we can make onchain perps trading seamless while preserving decentralized sovereignty. We’re grateful to all our investors for aligning with our vision to redefine perpetual settlement standards.”
Consensys provides development tools and wallet infrastructure widely used across the Ethereum ecosystem. Its investment signals deeper integration between established Ethereum developers and emerging DeFi derivatives platforms.
“As onchain markets mature, derivatives infrastructure needs to evolve beyond siloed venues toward modular, shared settlement layers,” said Ray Hernandez, Senior VP of Corporate Development at Consensys.
“We believe that resilient, capital-efficient settlement infrastructure is foundational to the long-term health and scalability of Ethereum’s financial ecosystem. MYX’s approach reflects this shift, prioritizing composability and transparent settlement at the infrastructure layer,” he added.
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