ShipFi Tools: What Comdex Has in Store For Centralized and Decentralized Finance
Over the years, there has been a series of calls for methods of linking commodities in the physical world with cryptocurrency industries. Progress has been made in developing such a mechanism, hence the issuing of what are known as synthetic assets (synths), crypto assets pegged to real-world commodities and valued with that of stablecoins (crypto tokens associated with fiat currencies).
Comdex, a commodity decentralized exchange network, has achieved such progress through the release of its own brand of synthetic assets called cAssets, which can be gotten by exchanging your physical assets as collateral, or by switching the value of tokens used by some of the platform’s affiliations including Cosmos (ATOM tokens) and Persistence (XPRT).
However, to go the extra far in the evolution of DeFi (decentralized finance), the Comdex management formulated a master plan to suit the needs of those who desire to bridge the cryptocurrency world with the physical: the ShipFi system project.
Briefing about ShipFi
The ShipFi idea is very identical to that of wanting a strong connection between centralized finance (traditional finance of the physical world) and decentralized finance (of the crypto universe), hence the motto: “bridging CeFi and deFi.”
Basically, in ShipFi, physical commodities can be converted to digital assets via collaterization and trading. This means that, like in a ship, physical assets are loaded and sailed over to the crypto realm where they will be sustained by stablecoins (as mentioned earlier).
Capabilities of ShipFi
Without further much ado, as a member of the Comdex community, you are entitled to the following benefits when engaging in the ShipFi system.
Funding for your initial investment.
Unlimited entry into trade finance.
Liquidity for ease of trade.
Bonuses for real estate investments.
Nonstop payouts for those participating by staking in liquidity pools.
Essentials of ShipFi
Comdex’s ShipFi virtual user interface will feature unique user-friendly characteristics such as 24/7 openness to payments.
Collective Supply and Demand
As an investor in Comdex’s ShipFi trade finance DeFi, you can liquidate your debt position in the real world as tokens called FORTs would be trading on a secondary market.
The SHIP Token
This is the native token that will serve the Comdex Zone (the ShipFi system) and help in creating incentives for members of the forum, acting as a governance token for Comdex. It will also be distributed among those staking XPRT tokens (on the Persistence SDK).
Known as fungible ownership representative tokens, FORTs represent ownership to investments carried out on the ShipFI Zone. They are usually given away to new investors during public offerings and on Comdex’s native zone. You can also receive FORTs when you provide liquidity by staking in Comdex’s liquidity pools; and if received in this manner, you may have to stake them as liquidity pool tokens to earn stablecoin values and $SHIP bonuses.
Proof of Deployment
Investors on the ShipFI will be able to carry out transactions without using blockchain, after deploying their investments. Comdex has a blockchain built on Persistence SDK, which is built on the Cosmos SDK. When such transactions want to take place, the Comdex blockchain validators will enact a proof of deployment.
Comdex’s ShipFi is yet another phase of the various developments for the platform, with transactions made easy, just for you. It’s time to join the global community of COMets.
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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