Comdex : A DECENTRALIZED Bridge built On Cosmos.
The world is changing, so is the cryptocurrency multiverse, from blockchain that exists on its own, EVM, decentralization, CeFi, and DeFi. The list is endless on the many facets of the blockchain, each solving a real-life problem and bringing the full adoption of cryptocurrency to the doorstep of the common people each day.
In making this reality more effective is the need to build a bridge that connects the different assets owned by an individual across many networks and chains, from offline assets to on-chain and off-chain wealth. The need to connect them to make easy access of tokens across different networks seamless. Comdex is coming up with the massive bridge of two worlds, in Comdex, users can have real-life assets backed by a stable coin crypto version of it. Imagine having your assets directly converted to a stable crypto coin. Accessibility of assets on a global scale is now possible for investors and traders to easily move their crypto assets to a real-world project and vice versa. All this is done by the Comdex protocols.
By providing liquidity on a decentralized platform, Comdex has been able to make the transition easy for those who want an exchange of their crypto assets into the real-life property. Comdex has built a synthetic decentralized exchange on the Cosmos network. Through the constancy on the blockchain and integration of Comdex into IBC, there is now no limit to the number of assets, tokens, and funds that could be moved between the on-chain and off-chain world. Comdex makes sure that all assets are collateralized
By holding assets on the cosmos network, Comdex has created assets of every token that could be traded across its protocols. This helps to properly evaluate assets and give a corresponding value of each of these coins. Users can also through this provide liquidity for their various assets through the Comdex validation procedure.
Without the Need for a centralized KYC verification, Comdex came up with a cSwap Comdex AMM, this fosters faster transaction of assets without a third party. An immense availability of funds to transact comes from the liquidity provided by investors, each liquidity pool is specific to each coin, assets get traded when the liquidity pair of each one of them is provided on the Comdex AMM.
In bringing decentralization to asset exchange, Comdex ShipFi Defi was built to function on three-part, which are, issuance of NFT to liquidity providers and assets owners, providing an extra reward for liquidity providers in terms of stable coin. lastly, creating a decentralized platform to help in the exchange of assets across the network while providing liquidity, initiating more market capitalization by providing funds for asset exchange.
The ShipFi platform is backed by a SHIP token, this is the governance token on Comdex. Updates, changes, and upgrades are voted on as proposals by users who have the SHIP token. Users who stake XRPT also have a share of the SHIP token.
With a faster mode of transaction workflow, Comdex had defeated the structural plan of conventional banks by both issuing transactions in the shortest possible time and also enabling blockchain assets exchange directly into a bank account and vice versa. This feat separate Comdex from other blockchain projects, it also brings the true meaning of decentralization to ownership of assets across many network and chain.
An amazing use case of the Comdex protocols is its ability to settle a real-life debt by holding a corresponding amount of crypto assets. Comdex through its liquidity provision can absorb such debt while taking hold of the crypto asset.
Comdex protocol has come to be the most awesome off-chain project to be able to bridge networks together while providing seamless transactions without a third-party bottleneck.
