Despite being one of the most talked-about emerging technological developments in the decentralized financial system, the fundamental services that are crucial in traditional finance are still poorly understood. The DeFi movement uses open-source software and decentralized networks to create new financial products or convert existing ones into reliable and transparent protocols that operate without intermediaries.
In the context of the traditional financial economy, Comdex has taken steps further with its potential to undermine traditional forms of accountability and erode the effectiveness of Plug and play customizable modules to deliver leading-edge dApps.
A Deep Dive into Comdex Decentralize Finance Infrastructure
Cosmos is a decentralized ecosystem of inter-connected apps and services that is constantly growing and has become an emerging Ethereum rival. Comdex, a truly decentralised ecosystem of solutions that enables limitless access to global liquidity in finance is leveraging its DeFi infrastructure on the Cosmos ecosystem to provide investors with access to an extensive range of asset classes.
Democratizing financial services has become one of Comdex’s top priorities, and in time, it has the drive of becoming a decentralized platform with a vision to revolutionise the commodities trade industry, one of the oldest and largest industries in the global economy. The Comdex chain is built to enable the bridging of capital to assets across the DeFi and CeFi ecosystems.
Comdex aims to deliver a robust infrastructure layer that supports the seamless creation and deployment of DeFi applications in the Cosmos ecosystem. The Comdex chain enhances investors’ access to a broad range of assets that help investors diversify and generate yield on their investments.
Comdex Synthetics Exchange
Commodities
The global Commodity Services market size is projected to reach US$ 5059 Billion by 2026, from US$ 4091 Billion in 2019, at a CAGR of 5.7% during 2021-2026. In the past, commodities trading required significant amounts of time, money, and expertise, and was primarily limited to professional traders. Today, there are more options for participating in the commodity markets in which Comdex has created an important way to diversify investors’ portfolios because the prices of commodities tend to move in opposition to stocks.
Commodity markets are global and interconnected both intra-regionally and within supply chains. The nature of the global commodities trade means that organisations with exposure to these markets are generally active in a large number of products rather than focusing on a single asset class.
Synthetics
The infrastructure that provides a platform for the development of decentralized applications is called the Synthetic Protocol Infrastructure (Synthetic).
Comdex infrastructure's goal is to build a more stable and secure blockchain environment that provides a secure and continuous connection between users, allowing them to trade without having to depend on third parties or central exchanges. This means that users can trade with confidence, knowing that their funds are safe from hacks or unexpected.
Synthetics are digital assets that track the price of real-world assets. DeFi seems to be a big step toward the decentralisation of value, but it faces many challenges that could limit its expansion. These challenges, which are also blockchain challenges are being addressed in the Comdex synthetics exchange.
Users of Comdex can then become exposed to those assets' price fluctuations without having to deal with the complexity and expense of holding their real-world equivalents. In general, Comdex will be the next big thing in the newly digitalized world.
Comdex ShipFi
The first of Comdex's bridges between DeFi and CeFi, ShipFi, will make it easier to create and trade synthetic versions of illiquid trade finance debt products. The synthetics protocol not only establishes the technical and financial framework for narrowing links between CeFi and DeFi but also focuses on some of the below-outlined areas:
The Comdex Token (CMDX)
As of today, September 8th, 2022 according to Coingecko the total global crypto market volume over the last 24 hours is $75.50B, which makes a 8.13% decrease in the previous day chart. The total volume in DeFi is currently $7.32B, 9.69% of the total crypto market 24-hour volume. The volume of all stablecoins is now $69.95B, which is 92.64% of the total crypto market 24-hour volume. Comdex (CMDX) is the Rank 907th largest cryptocurrency on coingecko, valued at $9,344,731 with a circulating supply of 47,783,066. The current price of Comdex is $0.205873.
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