How Comdex Bridges Both Centralized and Decentralized Finances

It may not be new to you, but Comdex is a cryptocurrency-based platform that focuses on the exchange of commodities on a decentralized scale and aims at bridging cryptocurrency-based or decentralized finance (DeFi) with traditional finance, also referred to as centralized finance (CeFi/TradFi).

That is, Comdex is a network that focuses on trading commodities via blockchain and aims at bringing in the semblance of real-time trading of commodities on the blockchain through digitization.

Comdex terms this strategic plan as ShipFi. We can relate this to how the team plans to Ship Finance from Centralized Market to a Decentralized Market.

ShipFi, from the explanation above, is simply Comdex’s philosophy of bridging the centralized market of the physical world and the decentralized market of the crypto world together with their methods of finance.

Just as the digitization of commodities and foreign exchange has been made possible for normal people to gain access to, via technology, the ShipFi mechanism will increase the possibility of normal individuals gaining access to investments and save them from getting hit by inflation.

Liquidity flow from decentralized finance markets to strongly placed and positioned real-world investments have already been made possible by the Comdex platform. These investments, in turn, produce rewards for you, as a DeFi investor, in stablecoins (mainly having the value of the US dollars).

The ShipFi system will be integrated upon the Inter-blockchain Communication (IBC) layer when launched by the 3rd quarter of the year and will have newer features than expected.

But for now, let us take a peep at the basic functions of this super awesome mechanism.

One major function of the ShipFi system will be to issue Fungible Ownership Representative Tokens (FORTs) for members to tag to their investments, whilst providing liquidity on the platform.

ShipFi will enable the conversion of real-world debt into synthetic assets, known as cAssets, which are supported by stablecoins tagged with the value of USD.

Comdex’s stablecoin will be called $USCX.

Yes, ShipFi will be used to raise funds and create more liquidity across the Comdex ecosystem.

The fundraising for investments and other market activities enable everyone to have ease of trade in one way or the other.

The most individually beneficial function of the ShipFi system is the continuous distribution of income based on stablecoins to all liquidity providers.

In fact, when you work towards providing liquidity on the Comdex blockchain via liquidity staking or fundraising, or some other means, you are automatically entitled to SHIP (ShipFi’s native) token rewards, amongst the stablecoin-based profits and much more.

About Comdex

Comdex is a decentralized synthetics protocol and a product of the Persistence platform.

Comdex develops possible solutions for the decentralization of finance (DeFi) and the democratization of commodities by handing over to investors the knowledge to a widened scope of asset classes and rewarding features.

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A realist | a Blockchain Enthusiast | iWriteCoolShit

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