Comdex Pool 601 and Superfluid Staking
When you hear Comdex, first thing that comes to mind is commodites decentralized exchange and how you can leverage blockchain technology to own real world assets like gold, silver and crude oil. This is true, but Comdex goes beyond just this as it is also a DeFi project that provides a means of earning passive income from staking and providing liquidity.
While we await the mainnet launch of the Comdex cAssets marketplace, it is important to take advantage of the huge annual percentage rates (APRs) available when we stake and provide liquidity for the available liquidity pools in the ecosystems where $CMDX is present.
$CMDX is the governance token of Comdex and it can be used to vote for or against proposals in the Comdex community.
Comdex has a track record of always ensuring constant developments to their ecosystem, and some of the recent developments is the introduction of Pool 601 and the Superfluid staking.
This article will discuss extensively the features of these new developments that has been integrated into the Comdex community and by extension the Cosmos ecosystem.
Pool 601
Pool 601 is a liquidity staking pool created specifically for the staking of two of the Cosmos ecosystem most popular tokens, which are $CMDX of Comdex and OSMO of Osmosis.
The proposal to integrate the OSMO/CMDX liquidity pool took place earlier in the year where majority of the community voted in favour of the proposal. In Pool 601, there are a few lock period options to pick from depending on how long an investor wishes to
lock the tokens they are staking.
The lock periods vary as there is the 24 hours option, the weekly option that lasts for seven days and biweekly option that lasts for 14 days. However, it is important to note that during this lock period, you don’t have access to your funds but can only earn staking rewards until the duration of the lock period elapses.
Let’s have a look at the APRs that can be earned from staking in this pool and the transaction fees involved. Having already stated the various lock period options, below are the APRs to be earned for each of those periods the tokens are staked.
Daily — 34% APR
Weekly — 55% APR
Biweekly — 68% APR
Another eye catching feature of this pool is the swap transaction fee which only costs 0.3% of staked tokens.
What is Superfluid Staking?
The Superfluid staking system is an initiative that was proposed by Comdex in the month of April, the community voted in favour of this proposal. The aim is to enlarge the liquidity available in liquidity pools, increase the rates of incentives in circulation, and also help in improving upon the strengths of blockchains using the Proof-of-Stake concensus mechanism.
It is also known as Superliquid staking. As a result of the new superliquid staking system, an additional 15% APR has been included for locking your tokens in Pool 601 if you choose the biweekly bonding period, this is coupled with an additional bonus of almost 30 percent. In total, you can earn up to 115% APR for providing liquidity for pool 601.
About Comdex
COMDEX is a decentralized synthetics protocol in the Cosmos ecosystem. Comdex builds solutions to democratize finance by giving investors exposure to a large range of asset classes.
For more details on Comdex, join the community:
https://t.me/ComdexChat
Website: comdex.one
Medium: https://medium.com/comdexofficial
Reddit: reddit.com/r/Comdex/
Discord: https://bit.ly/ComdexOfficialDiscord
