What is Commodo & What Has it Got to Do With the Comdex Network?
Commodo, a platform based off on the InterBlockchain protocol technology, is a sort of mortgage bank, established within the Cosmos ecosystem, to help Comdex network users borrow and lend their crypto currencies.
The Commodo Bank was built with the Comdex blockchain infrastructure, using the network’s Lend Module. Commodo helps in the creation of small money market pairings, which are based off on the $CMST and $ATOM.
$CMST is the stablecoin of Comdex (with a price peg of $1), while ATOM is the utility cryptocurrency of the Cosmos ecosystem.
The Commodo platform has strong aims and objectives such as providing a safe loan system powered by liquidity solutions, and a user interface which is multifaceted but easy to use. The Commodo platform wants a system that would enable its InterBlockchain users earn passively.
The most highlighted of Commodo’s goals are to lend crypto assets to users who would then have their collaterals secured, as well as enable the users lend their crypto assets to others and generate passive rewards in turn.
With the help of the Commodo credit, loan banking system, you can:
- Marginalize your trades,
- Accrue your Commodo income on passive terms,
- Borrow and lend on a short-term or long-term basis, as well as…
- Make good valuable use of the many opportunities available within Commodo’s IBC (InterBlockchain) protocol.
Commodo features a market system in which crypto securities, commodities, currencies, or other tradable crypto items, are bought in one market and sold simultaneously in another, in order to profit from the various price differences between the markets.
The platform uses beneficial interest rates to lend their users and help their users lend to others. These rates are determined by the forces of the laws of demand and supply of crypto assets within the Commodo platform.
Do you know that you can pool tokens on the Comdex blockchain (and the Cosmos ecosystem in general) with the CMST and ATOM tokens, to gain rewards as well?
Liquidity & Reserve Pools
Commodo limits too many market pairings so as to deepen pairing liquidity through single money markets for each token.
Through its “liquidation mechanism,” users can take part in the liquidity solutions, pay long-term loans off within a short period of time, and earn passive incomes as well. But how does this mechanism work?
Portions of the interests generated within the Commodo loan system would be sent straightway into a liquidity reserve pool for insurance purposes. Only the Comdex official cryptocurrency (CMDX) would be used to cast votes concerning future plans for the reserve.
Join the Comdex community worldwide now, and find out more.
Comdex is a decentralized synthetics protocol in the Cosmos crypto network; and 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.
Keep up with updates about Comdex’s monetization processes, by following up:
Web App: https://dev-cassets.comdex.one/