Comdex is an ecosystem of solutions focusing on democratizing finance and helping capital flow seamlessly from DeFi and CeFi. The Comdex ecosystem offers a couple of trading solutions such as the Decentralized Synthetics Exchange (built on Cosmos), the Enterprise Trading Platform (built on Persistence), and ShipFi.
Currently, there is a Comdex airdrop for ATOM and XPRT holders and stakers. Check out more details on the airdrop availability below.
Comdex offers a “Decentralized Synthetics Exchange” built on Cosmos. In traditional trading platforms, in its most basic form, derivatives are arrangements between two parties based on an underlying asset. Derivatives allow investors to make speculative bets without having to take direct exposure to the underlying asset.
Comdex offers a decentralized derivatives or “Synthetics” exchange allowing traders a form of tokenized exposure to the price movement of real-world assets. Through Comdex’s Synthetic exchange market, users have the ability to provide liquidity, borrow, and speculate on a wide range of real-world assets.
Comdex also offers an enterprise trading platform built on the Persistence SDK, which facilitates the creation and exchange of tokens representing real-world commodity assets. The enterprise trading platform functions by creating NFTs of real-world commodity assets on the Persistence blockchain and enables users to exchange ownership of NFTs on-chain.
The enterprise trading platform connects trade financiers, trade settlements, and trade workflows, all in one spot. In the pilot phase, Comdex has already processed over $160M of trade volume.
ShipFi will help Comdex bridge DeFi and CeFi. ShipFi allows for the digitization and exchange of real-world debt and assets for highly trusted currency-backed stablecoins like USDC, and BUSD. ShipFi will enable transfers for trade finance, real estate, and private equity.
The ShipFi ecosystem provides a decentralized platform for the issuance and initial fundraising for investment vehicles, followed by a secondary market. ShipFi also issues unique fungible tokens representing ownership to investment vehicles. Finally, ShipFi is responsible for issuing consistent stablecoin earnings to liquidity providers in addition to rewards in the form of the SHIP token.
Currently, ATOM, LUNA, and XPRT holders and stakers can check https://airdrop.comdex.one/ to see if they are eligible for the CMDX airdrop.
Airdrop eligibility criteria:
Quick takes: The $CMDX Token
For more information on the Comdex token, visit their documentation here.
Currently, Comdex is heading into their mainnet launch on November 20th.
Comdex is continuing on its journey towards opening financial markets and growing investors' access through the Decentralized Synthetics Exchange. Through the Decentralized Synthetics Exchange, Comdex aims to innovate and enhance investors’ access to a broad range of asset classes.