🧰 Utility

myXXX Token Relationship 🤝

Each myXXX token will have 1 pool associated with MyEx tokens, which will receive MyS emissions. This design is the cheapest way to facilitate arbitrage between myXXX tokens, as they don’t have any other available pool ✔️

MyS/MyEx/myXXX Token Relationship ✔️

Staking emissions are needed from myXXX/MyEx pools in order to add MyEx to a liquidity pool - the only way to receive new MyEx tokens is by swapping with MyS (in the future, users will be able to migrate from Teneo to MyEx).

Swapping MyS for MyEx incurs a standard transaction fee in MyS (50% of the token’s value), which is burned.

Chains & CEX Relationship 👌

MyEx is the primary token focused on CEX listings and bridged between different chains, allowing for greater interoperability and ease of trading for users seeking high, deep liquidity. In addition, this enables every blockchain to have its own Magic Yearn ecosystem.