Decentralized Indexes/Markets - TOKEN2049 Dubai 2024
Join us at TOKEN2049 Dubai 2024 as we explore "Decentralized Indexes/Markets," presented by Cryptex, a leading decentralized autonomous organization (DAO) in the DeFi space. In this insightful session, we delve into Cryptex's pioneering journey from building a total crypto market cap index token to launching decentralized perpetual markets on Ethereum and Arbitrum networks.
Cryptex is revolutionizing the DeFi ecosystem with its innovative decentralized solutions, providing synthetic exposure to the total crypto market cap and supporting up to 100x leverage. The company's move to layer 2 networks, specifically Arbitrum, significantly reduces transaction costs, making DeFi markets more accessible and efficient.
The session highlights Cryptex's new index-based tokens, deployed onto the Base L2 Network. These tokens offer users capital efficiency, no risk of liquidation, and transaction costs at a fraction of a penny. Plus, they promise global access with 13 million of available system liquidity. The Cryptex DAO plays an integral role, as CTX holders actively participate in governance, voting on market developments and indices.
Looking forward, Cryptex aims to harness the growth of L2 networks and the decentralized exchange (DEX) space, presenting immense potential for expansion and innovation in digital asset indexing. With a mission to offer fully decentralized, open-source solutions, Cryptex is set to be a frontrunner in the development of unique indexes and custom markets, delivering transformative financial products to the DeFi community.
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