MYX completed funding led by Consensys prior to V2 launch

MYX, an onchain derivatives protocol, has completed a strategic funding round led by Consensys with participation from Mesh, Systemic Ventures and Ethereal Ventures, according to a Wednesday announcement.

We are excited to announce that Consensys led our latest strategic funding round with participation from Mesh, Strategic Ventures and Ethereal Ventures.

With this investment, Consensys officially becomes MYX Finance's largest investor. This strategic alignment… pic.twitter.com/laSwCRacTv

— MYX.Finance (@MYX_Finance) February 18, 2026

The investment makes Consensys the largest backer of the distribution protocol. The capital supports the deployment of a modular derivative settlement engine, positioning MYX as a key infrastructure layer for omnichain derivatives.

MYX is preparing to launch its V2 update, which changes the protocol from a single exchange to a modular settlement layer that will allow other platforms to build on top of it and prevent liquidity splits in the chain.

The new version introduces gasless one-click trading and a flexible margin system that supports leverage up to 50x.

V2 also includes EIP-4337, EIP-7702, and Chainlink's license-free verbal stack to remove barriers to trading long-tail assets, facilitate capital utilization, and simplify trading workflows.

“The MYX V2 is more than an accessory – it's an engine,” said MYX CEO Ryan. “Integrating EIP-7702 and licenseless Oracle means we can seamlessly trade onchain perps while maintaining decentralized sovereignty. We're grateful to all our investors for aligning with our vision of redefining the standards of eternal settlement.”

Consensys provides the development tools and wallet infrastructure widely used in the Ethereum ecosystem. His investment represents deep integration between established Ethereum developers and emerging DeFi derivatives platforms.

“As onchain markets mature, the underlying infrastructure must evolve beyond secure areas to modular, shared settlement standards,” said Ray Hernandez, senior vice president of corporate development at Consensus.

“We believe a resilient, capital-efficient settlement infrastructure is the foundation for the long-term health and expansion of the Ethereum financial ecosystem. MYX's approach reflects this shift, prioritizing complexity and transparency at the infrastructure layer,” he said.