Hyperdex, a Swiss-based decentralized alternate (DEX), introduced its mainnet is lastly going dwell following the profitable interval of its testnet. The launch of the mainnet brings alongside three main developments on the platform, named “cubes”, enabling customers to regulate to the Hyperdex community and unlock its huge capabilities.
Going dwell on Wednesday, the Hyperdex mainnet will introduce the Fixed Income, Algo Trading, and Race Trading cubes, including to a plethora of options obtainable together with token swaps, liquidity provision & staking. According to a staff assertion, the three “cubes” would be the first section of funding improvement and methods built-in into the platform, with extra to observe within the coming months.
First, the Fixed Income technique employs a low-risk technique that allows them to earn a set return on their stablecoins and crypto-assets over a particular time period. The Fixed Income cubes every provide totally different charges of return and particulars pertaining to the funding.
Second, the Algo Trading cubes is a average threat technique that allows customers to earn a variable return on their crypto property. The methods are primarily based on statistics, with a multidimensional strategy stemming from however not restricted to arbitrage.
Finally, the Race Trading dice is Hyperdex’s flagship product, providing DeFi customers high-risk methods that enable customers to take derivative-like positions on their crypto property on a decentralized and safe platform. Race Trading Cubes take a comparatively extra aggressive strategy to investing, with customers capable of speculate on the long run worth of an asset by deciding on lengthy or quick positions. The methods provide all kinds of Cubes with totally different property, goal costs, liquidation costs, leverage, and extra.
Additionally, the Race Trading dice is constructed for all customers, whether or not newbie or professional merchants, with Hyperdex controlling each sophisticated part of what’s primarily a derivatives contract. Traders on Race Trading will solely must press a number of clicks on the platform to begin buying and selling derivatives, just like the comfort of a centralized alternate.
“Hyperdex was designed to drive down the complexity of DeFi investment, and to give users exposure to sophisticated products that were once the preserve of pros,” explains Manfredi Magris, Hyperdex Co-Founder. “Our Race Trading cube, for example, contains a simplified derivatives contract that makes it easy for anyone to experience the rewards of decentralized finance, all boosted by the HYP token.”
Hyperdex launches $HYP on IDO
Once the mainnet launches, Hyperdex will launch its native utility token, $HYP, through an preliminary DEX providing (IDO) and issued it to personal buyers. The $HYP token can be utilized to spice up liquidity provision (LP) rewards obtainable to customers of the Hyperdex platform and to incentivize the deployment of automated buying and selling methods.
Finally, the launch of the Hyperdex mainnet kicks off a path to construct the platform in line with its formidable roadmap. In the approaching weeks, the staff plans to introduce extra subtle ‘Hypercubes’ that enhance the buyers’ returns two-fold and launch a P2P mortgage alternate.
