Hyperdex Launches Mainnet to Introduce Advanced Trading Features For DeFi Users
11 May 2022 - 12:24AM
NEWSBTC
Hyperdex, a Swiss-based decentralized exchange (DEX), announced its
mainnet is finally going live following the successful period of
its testnet. The launch of the mainnet brings along three major
advancements on the platform, named “cubes”, enabling users to
adjust to the Hyperdex network and unlock its vast capabilities.
Going live on Wednesday, the Hyperdex mainnet will introduce the
Fixed Income, Algo Trading, and Race Trading cubes, adding to a
plethora of features available including token swaps, liquidity
provision & staking. According to a team statement, the three
“cubes” will be the first phase of investment development and
strategies integrated into the platform, with more to follow in the
coming months. First, the Fixed Income strategy employs a low-risk
strategy that enables them to earn a fixed return on their
stablecoins and crypto-assets over a specific period of time. The
Fixed Income cubes each offer different rates of return and details
pertaining to the investment. Second, the Algo Trading cubes is a
moderate risk strategy that enables users to earn a variable return
on their crypto assets. The strategies are based on statistics,
with a multidimensional approach stemming from but not limited to
arbitrage. Finally, the Race Trading cube is Hyperdex’s flagship
product, offering DeFi users high-risk strategies that allow users
to take derivative-like positions on their crypto assets on a
decentralized and secure platform. Race Trading Cubes take a
relatively more aggressive approach to investing, with users able
to speculate on the future price of an asset by selecting long or
short positions. The strategies offer a wide variety of Cubes with
different assets, target prices, liquidation prices, leverage, and
more. Additionally, the Race Trading cube is built for all users,
whether amateur or pro traders, with Hyperdex controlling every
complicated component of what is essentially a derivatives
contract. Traders on Race Trading will only need to press a few
clicks on the platform to start trading derivatives, similar to the
convenience of a centralized exchange. “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, via an initial DEX offering
(IDO) and issued it to private investors. The $HYP token can be
used to boost liquidity provision (LP) rewards available to users
of the Hyperdex platform and to incentivize the deployment of
automated trading strategies. Finally, the launch of the Hyperdex
mainnet kicks off a path to build the platform according to its
ambitious roadmap. In the coming weeks, the team plans to introduce
more sophisticated ‘Hypercubes’ that boost the investors’ returns
two-fold and launch a P2P loan exchange.
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