Comdex- Democratizing Finance
Decentralized finance (DeFi) is rapidly revamping the conventional financial system by dealing with its numerous shortcomings and offering a lot of innovations that are swiftly replacing the obsolete and inefficient practices of centralized finance (CeFi).
By eliminating the control that institutions, banks, and other third parties possess on money and financial products and services, DeFi has made finance accessible to all.
DeFi was not intended to replace CeFi but to enhance it, and taking a careful look at these two financial systems, it’s evident that they can complement each other.
The Comdex team realizes this hence their vision of bridging DeFi and CeFi by developing a set of interoperable solutions such as Synthetics, ShipFi, and an Enterprise Trading Platform.
Synthetics enables users to manufacture their own synthetic assets, which brings about easy access to real-life assets. Synthetic assets permit the consistent progression of capital between resource classes, paying no heed to geographic or administrative impediments. Hence, empowering financial backers to get their capital across different monetary business sectors.
ShipFi is a decentralized application that is scheduled to launch sometime this year which will permit DeFi investors to provide liquidity to CeFi debt assets and will enhance the digitization and exchange of ownership of real-life assets for stablecoins that are backed by fiat currency, making it easy for DeFi investors to gain admittance to factually safe trade finance debt assets via their crypto holdings.
The Comdex enterprise trading platform is a decentralized commodity synthetics exchange developed on the Persistence Software Development Kit and it permits users to generate and interchange tokens that symbolize real-life commodity assets.
HOW DOES COMDEX OPERATE?
The Comdex commodity synthetics protocol is assembled on the Cosmos ecosystem and is essentially a framework fixated on the interoperability of crypto assets. Comdex was worked with a plan to develop an environment of solutions that enables users to consistently get easy access to commodity assets
which have intrinsic and substantial worth.
The synthetic assets that are minted on the chain are identified as cAssets, and these cAsset tokens are issued to epitomize commodity synthetics on the Comdex platform. Every commodity that is registered on the platform possesses its inimitable cAsset token, and they signify a singular continuous futures contract. This implies that there exists only a single exchangeable cAsset token for every exclusive commodity.
The Comdex synthetic trading outlet makes use of an automated market maker (AMM) module known as cSwap. The unique cAssets token for the commodities listed on the Comdex platform can be traded on cSwap.
cSwap is utilized to deliver an all-in-one liquidity solution to investors, the automated market maker supply liquidity as both Stablecoins and cAssets, and is financed by liquidity providers who plan to procure both liquidity mining compensations and trading fees in $CMDX tokens.
The $CMDX token is the official native token of the Comdex platform and is central to the advancement and sustainability of the network. The $CMDX token serves several basic functions in the Cosmos ecosystem such as governance, stability, rewards, and transaction fees.
ABOUT COMDEX
Comdex, also known as ‘Commodities Dex’ is a decentralized commodity trading platform in the cosmos ecosystem that intends to revolutionize finance by bridging DeFi and CeFi and offering a set of interoperable solutions that enables users to easily gain access to commodity synthetics.
For more information, visit;
Website: www.comdex.one
Twitter: www.twitter.com/ComdexOfficial
Telegram: https://t.me/ComdexChat
Announcement: https://t.me/ComdexAnnouncements
Medium: COMDEX