Trading cAssets on Comdex’s Web App: The Best Decision to Make this Week!
With the launch of a decentralized exchange forum for trading synthetic assets on Comdex, known as the Comdex Web App, individuals can now involve themselves in more profiteering engagements by trading cAssets.
Comdex, is a blockchain-based decentralized network, with its focus on the exchange of various commodities. In partnership with big crypto names like the Cosmos and Polygon blockchains, Comdex is gradually making a name for itself in the popular crypto industry.
To expressly fulfill its main activity of enabling the exchange of commodities via blockchain, Comdex established its Synthetics Decentralized Exchange (DEX) platform. On this DEX, those commodities which are converted into digital assets, known as synthetic assets (synths) (called cAssets on Comdex), can be traded via the cSwap exchange, and be staked (as investment) in the cSwap pool.
What are Synthetic Assets?
Synths are commodities which have been converted from their physical real-world value to values backed by popularly reliable stablecoins or crypto assets.
Synths are mostly converted from:
- Gold, silver, oil, and other minerals.
- Real estate investments.
- Debt assets, which are gained as loan.
Synths are either tangible or intangible physical assets in form of crypto tokens. On the Comdex Web App, you can find three cAssets types, namely:
Investing in gold, oil and silver, amongst others, are sure ways of maximizing industrial utility and shielding yourself against the skyrocketing of prices. However, to ensure the profitability gotten off minting cAssets, liquidity is needed.
In the Comdex Web App, there are options for providing liquidity, as this will enable the ease of trading your cAssets with real-world value, and without complexities.
Open CDPs (collaterized debt positions) which are synthetic debt assets in order to create cAssets.
You can invest your cAssets into your OmniFlix, Keplr, and Unagii wallets, to earn more and more CMDX tokens.
Buy and sell your cAssets using cSwap comfortably; instead of CMDX.
To provide liquidity, you need to provide equal quantities of the type of cAsset you have and CMDX.
Providing liquidity enables you to speed up the trading of your cAssets using cSwap, and partake in reward distribution, whilst using lesser gas fees.
What Do You Gain?
Amongst other benefits, via holding cAssets, you are able to:
- Diversify your assets.
- Have privacy and security of transactions.
- Experience lesser complexities associated with investing in physical commodities.
Above all, investing in cAssets and making use of them via trading and liquidation, is one good choice.
Visit the link to Comdex’s Synthetics DEX DevNet to participate: https://dev-cassets.comdex.one/
Faucet for tokens: https://faucet.comdex.one/
Comdex is a decentralized synthetics protocol in the Cosmos crypto network. As a product of the Persistence platform, Comdex develops possible solutions for the decentralization of finance (DeFi) by handing over to investors the knowledge about a widened scope of asset classes and rewarding projects.
To keep up with updates concerning Comdex’s monetization processes, you can follow up on: