Persistence In Cosmos Hub, Reflecting A Synthetic Protocol (COMDEX)

The financial institutions are gradually experiencing declination in their operations as decentralized operations taking good shape and some institutions, companies and groups of people in the financial sector are already upgrading their systems to suit this present technology.
In clarity, we see how people began to understand that banks are unproductive institutions to them rather they fetch from them and also provide low profit, slow in transactions and many other factors that decentralized system provide a solution in a friendly environment.

In case you don't know, we have technology virtual cities (Blockchains), this is a city comprised of districts of economic and cultural exchange, where common infrastructure gives rise to a mutual sense of place and a shared social fabric. Don't get confused!

Bitcoin an example of a virtual city with its minimal feature set, have a rich ecosystem of clients, exchanges, and layer-2s that surrounds her. What of Ethereum, her clients are more of building financial district and cost of living in Ethereum city is becoming expensive every second. As the decentralized system adoption increases, there are many small cities (blockchains) launched in other to serve their resident well, they keep increasing the number of transactions and validators on their network because the architect of these cities is built to scale this alone impose arbitrary blueprints onto prospective residents but many of them experience issue. When a city is built in isolation, it will suffer so many factors, this is why I cherish what Cosmos Network is doing and will interest you to look at some of the solutions within their ecosystem.

Persistence In Cosmos Hub, Brought in Synthetic Protocol (COMDEX)

A close look at the Cosmos website, its reveals Cosmos Hub as the heart of the Interchain which serves as the economic centre of Cosmos. Also, it is a blockchain that provides vital services to the interchain.

Persistence As One of The Interchain

The ecosystem of Cosmos is loaded with great projects rendering different solutions in a friendly-decentralized environment. Persistence is one of the projects, with a protocol enabling exposure to multiple assets classes and since this protocol is building an ecosystem of multi-chain web 3 products for both retail and institutional users, its means every financial solution anyone is seeking can be found in Persistence.

Trading is important in the crypto market as many traders seek a platform with high speed, secure and low transaction fees when transacting. One of the Persistence products is provided with this amazing solution as a blockchain-based trade-tech platform.

Comdex, A Blockchain-Based Trade-Tech Platform

Comdex is a platform built on the Cosmos network via persistence and it's known as a synthetic protocol that activates easy access to a vast set of commodity debt assets and liquidity and makes the flow of capital from DeFi to CeFi seamless. The platform is designed to ensure trust, speed, and scalability of trade transactions and settlements.

Comdex platform connets;

1. Trade Financiers
2. Trade Settlement
3. Trade Workflows Management

The security of this platform is huge as its blockchain is built on Persistence, an institutional finance friendly blockchain toolkit with the features of immutability, provenance, and cross-chain communication.

The trading workflow on Comdex's platform follows this arrangement;

1. Negotiate terms
2. Sign Contracts
3. Execute Trades

These 3 workflows are done within a single interface with complete transparency and security. This activity is stored on the blockchain.

New Update About Comdex

Recently, Comdex launched its utility token known as $CMDX through liquidity bootstrapping pool on Osmosis App and 6th of December 2021 ended the pool which opened an external incentivized liquidity pool. Click Osmosis App to enter.

$CMDX Use-Case

The utility token of Comdex $CMDX has four use cases on the platform which are:

1. As A Native Token: $CMDX can be a stake to generate passive income which gives stability and security to the protocol. Also, it can be used as transaction fees on the network.
2. As A Collateral:
3. As Governance Token
4. As Rewards for Liquidity Mining

In conclusion, the Cosmos ecosystem is huge and with the introduction of synthetic protocol through persistence network, traders can now leverage on the protocol and enjoy the seamless environment for their transactions.

Learn more about Comdex by visiting the Website

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