Welcome back, Comets! In anticipation of its upcoming Decentralized Synthetics Exchange, Comdex has spent the past two weeks sharing the various benefits of synthetic assets in DeFi.
Sid Patil wrote an informative article on the topic, titled “Making Commodities Investable”. The COO answers the imminent question: Why invest in commodities as a DeFi investor? His answer is relatively simple: To build an all-weather investment portfolio and establish long-term preservation of assets in an inflationary environment.
Reflecting on the $17 trillion industry, Patil says it “seems evident that commodities have a finite supply and an ever-growing demand, making them inherently inflation resistant.”
Check out the full article linked below.
Patil also features on a Cryptocito interview to further discuss the integration of gold, silver, and other commodities into the Cosmos ecosystem. The tweet below shares a short clip of Patil describing Comdex’s mission and its relationship with the Persistence protocol. To watch the full interview, click here.
Comdex also recently expressed the variety of utility that the upcoming exchange offers for their ecosystem. Users will be able to track synthetic asset positions, mint and/or swap synthetic assets, provide liquidity, stake, and more.
The benefits of synthetic assets are threefold: they reduce regulatory hurdles of investing in physical assets, they are non-inflationary by nature, and of course, they provide access to a $17 trillion/year market.
The latest stats show an exciting 28% increase in $CMDX pool liquidity, offering APR rates of up to 238% for $ATOM/$CMDX and 200% for $CMDX/$OSMO. Total wallet transactions have increased by 12% in 7 days, and total wallet addresses currently exceed 24,000.
In its latest collaboration, $CMDX is now listed on Blockspot, a blockchain data platform now providing Comets with the tools and resources for in-depth analysis, price charts, supply information, and other helpful project data.
As another resourceful tool, Comdex has shared a link to ATOMScan, a Cosmos explorer and rewards calculator. The platform allows users to view a myriad of chain data including block height, staked ratio, inflation rate, and price, while offering tools such as staking rewards calculators and watchlists.
That’s all for this Comdex update! To stay up to date on all Comdex information, consider subscribing to the network’s newly launched newsletter for their latest project updates and community discussions.