The MYX Finance protocol is a pioneer in decentralized derivatives trading, offering the market an innovative pool-matching mechanism (MPM — Matching Pool Mechanism). This architecture achieves capital efficiency comparable to centralized exchanges with near-zero slippage and credit leverage of up to 125x.
To ensure the reliability of such a complex mathematical and architectural model, the platform code (deployed on Arbitrum, Linea and BNB Chain) underwent deep verification by leading Web3-security players. Below is the official archive of audit opinions.
The audit architecture: PeckShield and SlowMist
PeckShield (Core protocol audit)
The audit firm PeckShield performed comprehensive whitebox testing of the MYX smart-contract core. The main focus was on reviewing the PositionManager and Router contracts. The auditors analyzed net-exposure balancing algorithms, order creation, collateral management and protection against manipulation during price-feed integration.
SlowMist (Comprehensive multi-phase audit)
The SlowMist team carried out MYX's most extensive audit, split into four independent phases (Phases 1-4). The reviews followed a "White Box Lead, Black & Grey Box Assists" approach. The auditors meticulously tested the P2Pool2P logic (where the protocol matches longs and shorts directly while the pool only absorbs the uncovered delta). All discovered vulnerabilities and architectural recommendations were successfully integrated by the MYX team before mainnet release.
CertiK Skynet (On-chain analytics)
For real-time security, MYX Finance is connected to monitoring systems. CertiK Skynet tracks market activity, $MYX token security and smart-contract decentralization metrics in real time, assigning the project a Trust Score.
Risk management tools
MYX Finance's security combines protecting the code from exploits with sophisticated economic protection for liquidity providers (LPs):
- Time Traveller: a unique protective module designed for retroactive trade execution in the event of market anomalies and sudden failures (flash crashes), ensuring fair settlement.
- Live Surveillance: a real-time monitoring system for the protocol's assets and liabilities that prevents the formation of bad debt.
- Auto-Deleveraging (ADL): during periods of extreme position imbalance or liquidity crunch, the system dynamically caps the maximum size of new positions and force-deleverages trades to protect the pool capital (MLP) from insolvency. Read more about MYX ecosystem protection mechanisms.
Official security reports
The table below links the latest MYX Finance audit reports. All Critical and High severity vulnerabilities were fixed (Resolved) before mainnet launch.
| Component / Protocol | Auditor | Vulnerability summary (TL;DR) | Document |
|---|---|---|---|
| MYX Protocol Core Router & PositionManager |
PeckShield | Resolved. Validation errors in collateral configuration and parameter mismatches in order creation were fixed. | Report |
| MYX Protocol (Phases 1-4) Oracle, MPM Pool & Engine |
SlowMist | 0 Critical. The P2Pool2P logic and oracle integration were verified. Access-control remarks were fixed by the team. | |
| $MYX Token ERC-20 Tokenomics |
CertiK Skynet | Trust Score. Monitoring of governance decentralization and token-contract security (Owner Privileges). | CertiK Skynet |
Education hub: Auditing the MPM mechanism
Interpreting audits of exchanges built on the Matching Pool Mechanism (MPM) differs from assessing standard AMM pools. The auditors' primary task here is protection against mathematical and logical collisions during clearing.
Net Exposure math
In MYX, the liquidity pool (MLP) acts as counterparty only for the difference between long and short volumes. SlowMist and PeckShield auditors verify that the PnL formulas do not allow attackers to artificially inflate their positions at the pool's expense. An error in the Net Exposure calculation could render the entire system insolvent.
Oracles (Pyth & Chainlink)
Since MYX guarantees near-zero slippage, price accuracy at execution time is critical. The audits confirm that the smart contracts check the freshness of oracle signatures (Pyth pull model) and are protected against front-running by MEV bots exploiting delays (Oracle Delays) on Arbitrum or Linea.
Bug Bounty and active protection
Static PDF reports guarantee code security at deployment time. For continuous protection, MYX Finance applies multi-signature (Multi-sig) governance for critical operations and maintains live monitoring via on-chain security platforms. To track TVL and volumes in real time, use public dashboards.
Check MYX on CertiK Skynet