Why I Haven’t Farmed MYX Yet (MYX Yield Farming Insight)

MYX shows a steady, small daily return pattern when combining long spot exposure with short or hedging actions. The recent 24h gain of roughly 10% indicates a strong near-term rally or favorable funding dynamics, but the presence of funding costs at 0.31% per 8 hours implies hedging or leveraged positions carry a cost that can erode daily gains over time. The lack of a clear farming narrative in the post suggests yield strategies may be uneven, and execution (spot buys with shorts) relies on timing and funding rate stability. Key considerations include liquidity depth, risk of funding rate spikes, potential slippage in spot-to-perp transitions, and exposure to sudden reversals. In sum, the approach can work in the short term but depends on stable funding, continued price momentum, and disciplined risk controls to avoid drawdowns.