An overview of the products of Comdex ecosystem
Assets accessibility is a big issue in the crypto space, interoperability has come to solve lots of asset mobility across chains, and networks not owing to this part risk mass adoption. Digital assets and commodities aren’t left alone in this, their interoperability are so important that the network considers users’ fund’s movability as one of the pillars that grow the health of any project.
Comdex is the gateway to the Cosmos chain, a blockchain built to interconnect Defi infrastructure and application to build a faster-connected service on the blockchain. Comdex is championing the cause of the Cosmos chain by building an ecosystem that acts as a layer for Dapp builders to onboard on Cosmos. Comdex is the platform on which other cosmos chain app is built. The world of assets, trading at the enterprise level, and asset tokenization have brought Comdex to the forefront of DeFi adoption in terms of assets.
DeFi-inclined products that are assets based graced the Comdex chain while more are being developed, Comdex enjoys internetworking assets across dapp making its product accessible to its users. Comdex has many products that fulfil its goals of an infrastructural DeFi asset base that can be tokenized, the creation of synthetic assets, locking assets in the vault to mint other stable token, a collateral lending protocol, an AMM to fastrack its token exchange and many more.
Commodo is a lending and borrowing platform built on Comdex, intending to lend assets to users and collateral while bringing passive income to its users. Commodo is accessible on other networks which makes it’s lending and borrowing strategy universal. Lenders can take a long position, earn rewards from it and practice arbitrage through the same platform. Comdex low transaction fee comes in handy in helping users to lend and borrow. The comdex platform is in charge of negotiation of asset maturity, interest rate and collateral for asset bending and borrowing, not the users.
Commodo is secured from shared pool flaws and scattered liquidity across many pools, by inculcating the isolated money market, Commodo achieved a $ATOM and $CMST token bridge. Though Commodo isn’t launched now, its platform will be fully governed by Comdex using the $CMDX token.
The advantage of Commodo to Comdex is s true Defi definition, enlarging the blockchain architecture of both Comdex and Cosmos chain, creating a unique system that can provide borrowing and lending to other chains and many more.
The recent market crash of June has shown some stablecoins not to be stable, the fear that the market can get liquidated at any instance of a market crash is real and shown recently. A stables coin built on Comdex with ability to supersede others in place bringing both DeFi and CeFi together. COMPOSITE is a stable coin pegged to $1, with a token $CMST which can be minted by locking $COSMOS token as collateral against $CMST composite token. The governance token of Composite is $HARBOR, a backup for Composite, making it easy-to-burn and mint $CMST. $CMST maintain pegging to $1 through collateral minting, a vice versa process of minting and making collateral of $CMST keeps price stable. When $CMST is greater than a dollar, users are encouraged to collaterised their assets to mint $CMST and sell at $1. When $CMST price shows signs of going down, users get to buy up $CMST to bring its price demands up and collateralised it against their debt. As the $CMST market reduces, the Comdex protocol sees that the interest rate of borrowing and lending is increased. Since $CMST is debt owed to Comdex with interest, users can still deposit $CMST for interest. Composite is multi- assets used on Comdex and accepts all cosmos chain tokens to be used as collateral. Thereby expanding the use cases of the Cosmos chain and Comdex infrastructure.
Nodes and codes on Comdex need to be validated, the growth and security of Comdex rely on the safety of these codes. Zensacpe validates the Comdex chain and opens Comdex infrastructure to other network sand chains. Interoperability of Comdex to other network is under Zenscape to monitor, users can also stake the Zenscape token when launched for optimum reward. Zenscape experience in validating a chain comes with years of working on Umee Cross-chain, Chihuahua Chain, Ki Foundation and Osmosis zone.
Owners of real-world assets get their assets in digital ratio through ShipFi, a real estate investment to digital assets platform that offers trade finance, fundraising of many investment platforms at an initial stage, and private equity of real estate. NFT issuance is done by Shipfi. ShipFi leverage on reward for its investment to draws in more users to the Comdex chain, through assets borrowing and lending across real assets and digital assets, paying debt and earning reward, ShipFi is not left behind. Real estate investors use ShipFi as a means to stake their synthetic assets, stake in the liquidity pool, take loans and enjoy Comdex interoperability to other chains giving a cycle of the real world to digital world assets exchange and ability.
The more project comes onboard the Comdex chain, more token is being minted, NFT is created and assets are borrowed and loaned out. The need to have an exchange on Comdex that can trade tokens is necessary. Cswap is an automated market maker (AMM) for Comdex, bringing a decentralised finance model to the Comdex chain with a peck of order book model. Swapping of tokens on Comdex and liquidity provision is done with this. Cswap is yet to be launched but its utility spans the Comdex chain.
Crypto assets need to be collateralized to give a ratio of 1:1 synthetic assets operational on Comdex, thereby creating cAssets, a synthetic version of assets to be used on Comdex is very important. cAssst is decentralized and help to interoperate and bring in more token to the Comdex chain that is outside its network. Through cAssets, there is a limitless amount of tokens that can come on Comdex.
Comdex has developed many products over the year and expanded the ecosystem of Cosmos. We are seeing a larger number of users flock into the Cosmos chain through Comdex products and Dapp. As these grow the health of Comdex, the DeFi and CeFi world feels the impact.