MYX Perp Vaults launch on flapdotsh, enabling permissionless perps
Summary
The Perpetual Contract Vault has officially launched on flapdotsh, utilizing Flap tax tokens to enhance MYX Perp Vaults. This integration allows for 100% tax auto buybacks, the creation of perpetual markets, and the distribution of on-chain holder dividends. Additionally, any token can now launch with immediate permissionless perps on the platform, offering spot holders the opportunity to earn perp fees through their holdings.
Analysis
Flap: Flap is the project behind flap.sh and @flapdotsh, focused on integrating token tax mechanisms with on-chain perpetual markets. Its tax tokens now power the newly launched MYX Perp Vaults, enabling auto buybacks, permissionless perp market creation, and on-chain dividends for holders. The platform supports spot holders earning perp fees and offers enhanced shares for early liquidity providers. MYX Perp Vaults: MYX Perp Vaults are the perpetual contract vaults launched on flapdotsh and powered by Flap tax tokens through a 100% tax flow into buybacks and market creation. They enable any token to launch with immediate permissionless perps while distributing fees and dividends on-chain to holders. Spot holders can earn from perp activity, with additional benefits for early liquidity providers. Product Launch: Perpetual Contract Vault is now live on flapdotsh, integrating Flap tax tokens to power MYX Perp Vaults. Earning Opportunity: Flap tax tokens enable on-chain holder dividends and perp fee earnings for spot holders via the vaults. Token Launch Feature: Any token can launch with immediate permissionless perps on the platform.
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