🌐Keeper Network

The  MYX  Keeper  Network

A permissionless execution layer

1  |  Why It Matters

Growth in on‑chain derivatives has been explosive, yet one piece of the puzzle stayed opaque: who actually settles a trade.

• CEXs hide a private matching engine.

• Many DEXs rely on a single sequencer or team‑run bot.

• Users have no way to prove their order wasn’t delayed, censored, or quietly front‑run.

MYX fixes that with three public pillars:

Pillar	What it solves
Open‑source contracts	Rules are immutable and auditable.
Tamper‑proof oracles	Prices can’t be spoofed or “wicked.”
Keeper Network	Execution is no longer a black box.

This article focuses on the Keeper Network—how it works, why it secures fair trading across every chain MYX supports, and how you can share in the upside.

2  |  Keeper‑Network

Smart contracts define the rules. Oracles provide the truth. Keepers—elected community nodes—turn rules and truth into executed trades.Key numbers:

• 21 active nodes per epoch (one week) Enough to survive seven bad actors, light enough to clear within a single L2 block.

• ≥ 300 000 MYX staked to register as a candidate Skin‑in‑the‑game deters spam and funds slashing.

• Weekly rotation keeps power fluid; stake caps stop whales from buying control.

3  |  What Keepers Do

Obligation	Why it matters to traders
Listen to every new order	No order is “lost in the mempool.”
Upload fresh index prices	Liquidations use a publicly verifiable price.
Trigger trades on time	No artificial delays; latency is provably fair.
Record price & position history	Every fill can be audited later.
Assign correct VIP & referral tiers	Fee discounts and rebates are honoured chain‑wide.

When a keeper fulfils those duties, it earns:

• Execution rebate (covers gas)

• Share of trading fees

• MYX buy‑back rewards—the protocol spends part of fee revenue to purchase MYX on‑chain and redistributes it to nodes and their delegators.

4  |  Comparative lens: how other DEXs handle execution

Protocol	Executor model	Downsides
Central‑limit order books on Solana	Single cranker	Cranker can censor; chain congestion affects all pairs.
RFQ‑based perp AMMs	Off‑chain relayer network run by team	Implicit trust in relayer fairness.
Roll‑ups with central sequencer	One address per L2 until shared sequencer tech matures	Potential MEV and downtime risk if sequencer offline.
MYX	21 rotating keeper nodes, no KYC	Needs staking capital, but capital earns yield and is open to everyone.

In short, MYX is the first to blend CEX‑like matching speed with a fully open executor set.

5  |  Joining the Club: Candidacy & Election

5.1 Stake to Enter

Any wallet that stakes ≥ 300 000 MYX instantly becomes a candidate—no forms, no gatekeepers.

5.2 Delegation Power

Users who don’t want to run servers simply delegate their $MYX to a candidate. Delegation is non‑custodial; tokens stay in your wallet‑contract and can be undelegated any time.

5.3 Weekly Snapshots

Every week a snapshot sorts candidates by node‑power (your stake + delegations). The top 21 enter the active set for the next epoch. Everyone else can withdraw or keep campaigning.

5.4 Stake Caps & Rotation

A hard cap on effective stake stops whales from monopolising rewards. Because snapshots happen weekly, hundreds of wallets can rotate through the active set each quarter—true openness without lag.

6  |  Slashing & Governance

Misbehaviour—late orders, wrong prices, bad VIP/referral data—can be proven on‑chain and submitted to a DAO vote.

Offence	Default penalty
Missed order	Burn 3 % stake + exit active set
Wrong price or ADL	Burn 10 % stake
Incorrect VIP / referral	Burn 1 % stake

Repeat or coordinated abuse scales up to 100 % burn. 10 % of any slashed stake goes to the whistle‑blower; the rest is burned forever, tightening MYX supply.

7  |  A Unified Liquidity Layer

Because every keeper watches all chains where MYX lives, the network opens up for further possibilities:

• Collateral on BNB, trade on Linea, hedge on Arbitrum—keepers bridge margin deltas under the hood.

• Depth flows to where opportunity is best, not where siloed infrastructure forces it to stay.

8. Token‑economic implications for $MYX

8.1 Utility

• Staking to register or delegate is non‑optional.

• Governance: future upgrades (e.g., raise stake cap, change reward splits, add chains) are gated by token vote.

8.2 Yield

Annual yield comes from three funnels:

1. Trading‑fee share.

2. Weekly buy‑back yield.

3. Liquidation‑penalty share.

Assuming $0.0003 average taker fee, 3 % net protocol fee, 1 bps daily volume/TVL, and a 60 % payout ratio, the APR can rival mid‑tier PoS chains even before liquidity mining.

8.3 Scarcity fly‑wheel

• Slashing burns supply.

• Buy‑backs lock supply into staking contracts.

• Demand for stake scales with open interest.

Therefore token velocity drops while protocol revenue rises — a textbook reflexive loop.

9  |  How You Can Participate

Role	What to Do Right Now	Why It Pays
Run a node	1) Prepare ≥ 300 000 MYX. 2) Stake & register 3) Campaign for delegators	Earn trading fees + buy‑back yield + execution fee rebate.
Delegate	1) Hold $MYX. 2) Browse the election dashboard. 3) Stake to a candidate with solid uptime and fair fee share.	Earn buy‑back yield without running servers.
Trader	1) Deposit collateral on any MYX chain. 2) Open positions.	Enjoy CEX‑grade speed and provably fair fills.
Researcher / Auditor	1) Review contracts & keeper code. 2) Submit issues.	Bounty programme pays for critical findings.

Registration for Epoch #1 opens next week. There is no whitelist—only code and a ledger.

10  |  Looking Ahead

Imagine a memecoin launching on Chain A at noon and, by 12:05, its perp trading on MYX—no listing committee, no gatekeepers. Imagine hedging a strategy across six chains with a single click because keepers bridge collateral for you. That is the liquidity layer MYX is building.Whether you spin up a node, delegate, or simply place a trade, the future of on‑chain derivatives is now in your hands. See you in the election dashboard.