Exciting Mid-month Recap on Comdex Ecosystem.

The month of May is drawing to an end, but it’s not just passing by without some major developments in the Comdex ecosystem. This month began with a lot of expectations on the crypto market but things went south as we experienced one of the biggest market crashes ever in the crypto space. However, it’s not all doom and gloom at Comdex as the team has kept on working and strategizing to improve the ecosystem. Although, the month has not ended, but we already have witnessed some major achievements with Comdex this May and we are going to discuss in detail all that transpired at Comdex from the beginning to middle of the month of May. Let’s dive right in.

Cosmos Related News

Comdex is one of the protocols under the Cosmos ecosystem, although our focus is on Comdex, it won’t be out of order to have an idea of happenings in the parent blockchain on which Comdex is built.

• Akash Network, another protocol in Cosmos got their token, $AKT listed on BiTrue with the AKT/USDT pair. This will help increase scalability for $AKT. Kudos to the team behind the project.
• Another protocol called Persistence also got their $XPRT token listed on Injective Pro’s spot market. This simply means that $XPRT is now tradeable on Injective Pro as investors can now make their market and limit orders on the Cosmos orderbook exchange.
• Secret Network completed its Shockwave mainnet upgrade.
  This is Secret Network’s first major mainnet upgrade since Supernova in 2021. This upgrade means a 500–600x speed boosts for various network events, state sync for the CosmWasm directory and the Interchain accounts.
• Juno Network’s Veritas Mainnet upgrade went live.

Partnerships and Collaborations

We have experienced lots of partnerships in the past months and the month of May was not an exception. Comdex entered into partnership with StaFiHub, a liquid staking solution for the Cosmos ecosystem.
Both projects will establish interoperability between their communities, this will help to increase collateral synergies between ecosystem assets.

Comdex Community News

The biggest news in the Comdex ecosystem has been the introduction of the much talked about collateralized stablecoin, Composite $CMST formerly known as $USCX.

$CMST will represent stable purchasing power across all dApps in the Comdex ecosystem and with it investors can interact with the broader Cosmos ecosystem.

As a result of this development, soon, it will be possible for Comdex ecosystem users to earn yield by providing $CMST liquidity on decentralized exchanges and future lending pools that will be launched on Commodo, the Comdex’s ecosystem’s borrowing and lending protocol.

Other noteworthy occurrences in the Comdex ecosystem during May that we can’t simply afford to leave out of this article include the following:

• Comdex released a really insightful article on how Comdex serves as a DeFi infrastructure layer for the entire Cosmos Network.
• The recently concluded Crypto Expo Dubai Conference 2022 saw the Comdex CEO and Co founder, Abishek Singh, give a detailed explanation of what the Comdex ecosystem is all about.
• The $CMDX liquidity pools on the Osmosis DEX have been incentivized with mouth watering APYs.

$CMDX- $OSMO: 104% TOTAL APY
$CMDX- $ATOM: 71% TOTAL APY
$CMDX- $UST: 16% TOTAL APY

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