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BlockBeats reports that on May 12, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market has not yet started to lean towards bullish sentiment. Most trading pairs still have neutral rates, with a small portion even slightly bearish. The specific funding rates for major cryptocurrencies are shown in the attached image. Note from BlockBeats: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of holding contracts to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it signifies a generally bullish market. When the funding rate is less than 0.005%, it signifies a generally bearish market.

BlockBeats reports that on May 12, according to official sources, the derivatives trading protocol MYX Finance announced the official launch of two core feature upgrades on May 12: the Keeper System staking node system and a new VIP tier system.   With the launch of the Keeper Network staking node system, MYX Finance users can stake MYX to 21 Keeper nodes selected by the community. These nodes are responsible for publicly executing trading tasks, ensuring efficient and secure transactions. Additionally, the platform has simultaneously initiated a fee buyback mechanism, using net income from trading fees to buy back MYX and distribute it to staking nodes, continuously enhancing node returns and token value. In the Keeper Network, the more active the user trading, the higher the node returns, creating a positive cycle of staking incentives and MYX deflation.   MYX Finance offers a VIP mechanism for token holders, enabling CEX high-level VIP user fee discounts. Users only need to hold 10 MYX to automatically obtain the basic VIP level, with no need for locking or trading volume requirements. The more they hold, the higher the fee discount they enjoy, far surpassing the cumbersome mechanisms of traditional CEXs, further enhancing the utility and market demand for MYX.   Through this upgrade, MYX Finance is accelerating the construction of an on-chain derivatives ecosystem that everyone can participate in, driven by node incentives and token empowerment.