MYX Referral Code JPVFBEU — 20% Fee Rebate

MYX runs on Arbitrum and Linea simultaneously, uses its own Matching Pool Mechanism instead of a standard AMM or order book, and offers one of the highest referral rebates in DeFi perps: 20% back on every trade. At a 0.05% base taker fee, code JPVFBEU brings your effective rate to 0.04%.

The Matching Pool Mechanism: what makes MYX's architecture different

GMX uses a GLP liquidity pool where depositors take the other side of all trader positions. Order book DEXes like Hyperliquid match buyers and sellers directly. MYX's MPM sits between these models.

The Matching Pool aggregates liquidity from providers and routes it against trader demand, with the mechanism designed to balance LP exposure and minimize counterparty risk concentration. When most traders are long, the pool distributes that directional exposure across liquidity providers rather than concentrating it in a single GLP-style pool. This architecture claims better LP sustainability during strongly trending markets compared to the GMX model.

For traders, the practical implication is oracle-based execution with no slippage on pool-sized orders, at fees that compete with the top tier of DeFi perps.

The 20% rebate: dollar math

Base fees: 0.01% maker, 0.05% taker. After the 20% rebate via JPVFBEU:

- Effective maker: 0.008% (0.8 bps) - Effective taker: 0.04% (4 bps)

At $1M in monthly taker volume: you save $100/month versus no code. At $5M monthly: $500/month. At $10M monthly: $1,000/month. The rebate is credited back per trade or applied as a discount at execution — check the MYX dashboard for the specific mechanism in your account.

The 20% rebate matches ApeX Omni and Extended Exchange for the highest referral discount among DeFi perps. ApeX starts from a 0.05% base (matching MYX), so both land at 0.04% effective. Extended starts from 0.05% and lands at 0.04%. MYX with its 0.01% maker base fee is distinctive: 20% off 1 bp gives 0.8 bps, which is among the lowest non-zero maker fees available.

Arbitrum or Linea: choosing your chain

MYX is deployed on both chains and you can use either. Arbitrum has deeper liquidity and a larger DeFi ecosystem. Linea is ConsenSys's ZK-powered L2 with growing adoption but a smaller current user base.

For most traders, Arbitrum is the practical default: better order book depth, lower slippage on larger positions, and more established bridge infrastructure. The Linea option is worth considering if you already hold assets there or want to farm Linea-specific ecosystem incentives alongside MYX trading.

Dual incentive structure: rebate plus points

MYX runs an active points program alongside the fee rebate. Trading volume earns points. The 20% fee rebate reduces your cost basis. Points may convert to tokens at a future TGE — no announcement as of March 2026.

This dual structure makes MYX unusual: you get a guaranteed, immediate fee reduction (the rebate) plus speculative upside from points accumulation. Most DEXes offer one or the other. MYX stacks both.

Activating the rebate

Click the link above. Connect your wallet on Arbitrum or Linea. Code JPVFBEU is embedded in the URL and applies automatically. The 20% rebate is active from your first trade.

Frequently Asked Questions