Introduction to comdex (A decentralized synthetics asset protocol built on Cosmos.)
Comdex is a trade-tech platform with a suite of products designed to tackle some of the industry’s major challenges. aiming to level financial affairs by reducing the complexities and regulatory hurdles to access investments in financial assets with intrinsic value. On the Comdex protocol, which is built on Cosmos, users can collateralize and leverage their assets to take exposure to a range of inflation-resistant synthetic assets. Investors may be “long” on their crypto holdings while simultaneously taking exposure to other asset classes that offer compelling risk/return profiles in the backdrop of a low-interest rate and high inflationary environment.
range of asset classes
How Comdex Works ? >
As The Comdex protocol aims to make each step of commodity trade process Faster, Smoother, and Easier. Organizations on the platform can individually invite and control access for traders within their organization to use the platform. which means traders can then add/invite their verified counterparties for trade, where each step of the trade cycle can be monitored and controlled by the organizations involved.
Comdex’s blockchain smart-escrow automatically enforces the trade terms captured during negotiations in the trade room. The checks and verification performed in the trade are securely captured, and stored on the blockchain, in a fraction of the time taken by traditional banking escrows.
And also the trade workflow on Comdex protocol facilitates and complete transparency for all stakeholders involved in the trade. thus helping traders and organizations track multiple open trade positions simultaneously, reducing friction in administrative processes therein. The activity logs and documents of trade serve to enhance the auditability of trade, with streamlined data integration with legacy corporate data systems.
The Comdex Protocol wallet powered by WU® EDGE allows traders to achieve near-instant cross-border trade settlements. Traders present in any jurisdiction can add/withdraw funds from their Comdex wallet with the speed of the domestic telegraphic transfer infrastructure. The movement of funds within Comdex’s wallets is instantaneous, making cross border remittances and settlements faster than ever.
SOME Key features of Comdex Protocol
- Shorter trade cycles : Automated real-time verification of crucial trade documents prevents delays in trade settlements, improving the resulting topline of the trading organizations.
- Establish credibility and trust : Allowing SMEs and MEs to generate verified trade and reputation data to reduce hurdles in access to financing and expanding business outreach.
- Organized trade workflows : A secure & streamlined platform for storage of key trade collaterals to enhance auditability of trade data.
- Reduced legal processes : Any possibility of forgery in crucial trade documents is eliminated with immutable trade records stored on-chain, which leads to reduced legal expenses.
Introducing cSwap
A concept of the Comdex’s protocol Automated Market Marker.
What is cSwap? :
cSwap facilitates the swapping of two assets without the need for a centralized intermediary or order books. The AMM aids assets to be swapped through the liquidity pools while charging a trading fee for each order after it has established the prices.
Conclusion and Comdex Protocol goals.
Comdex protocol is focused to enhance the accessibility and inclusiveness of finance by reducing obstacles and restrictions. Through the introduction of the synthetics protocol, investors in the Cosmos ecosystem can now broaden their investment horizons by accessing a range of synthetic assets that target uncorrelated returns in assets that are anti-inflationary in nature and offer intrinsic value.
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