Kain Warwick, founder of decentralized finance (DeFi) protocol Synthetix (SNX), introduced the decentralized cryptocurrency exchange (DEX) Infinex, which he says will compete with centralized cryptocurrency exchanges (CEX).
Founder of Ethereum (ETH) based derivatives exchange Synthetix Kain Warwick posted on his official blog on July 14, a day long ago. back to the table shelved to download “Infinex” named DEX project beta testing for has published announced.
Synthetix’s decentralized futures exchange of perps high slippage, low liquidity, high transaction fees and high market risk for liquidity providers by DEXs like encountered problems that you solved voicing Warwick, Infinex’s users Reaching Optimism (OP), acquiring sUSD and every transaction sign like big He said he would fix the problems.
In addition, in this context, Infinex’s CEXs, bankruptcy As a result, user cryptos are exchanged on the stock market. hostage or user entities misuse He said that it would solve problems such as Warwick’s words bankruptcy cryptocurrency exchange to FTX It turns out he was sending.
Currently, with centralized cryptocurrency exchanges compete Stating that they have many opportunities for the stock market to be established, Warwick all infrastructure is ready that only gain users He said they had to.
In this context user experience Always first priority the founder stating that it will be a username And password that they can register with
To maximize the user experience, Infinex generates a new public-private key pair for each user and stores it in the browser’s cache. These keys cannot withdraw funds and can only be used to sign transactions sent to Optimism.
As another method of gaining users user reference Stating that he plans to implement the system, Warwick said that this method is quite It works claimed it was.
The founder also spoke about Infinex’s user experience. standard users And professional users for two different interface stated it would.
According to the information given, Infinex generally from transaction fees will generate income and earnings SNX will be used to purchase. In this context, Infinex, SNX in the ecosystem largest liquidity pool aims to be Infinex also introduces a new governance token instead of removing SNX will use.
of Infinex, Output of Perps V3 with beta in phase will be removed while transferring definite No date was given.
According to Coinecko data, after the announcement of the cryptocurrency exchange $2.52 from the level $3.29 rising to the level more than 30% appreciated SNXat the time of writing from $2.77 is being traded.