COMDEX; As A Persistence.one Product
Comdex’s synthetic opens admittance to a tremendous arrangement of debt assets, resources, and liquidity, making the progression of capital from Defi to CeFi consistent.
Asset’Based Lending has forever been known as the act of loaning/advancing cash to borrowers who put their resources like solicitations, accounts receivables, stock, inventory, property, and so forth as security.
The principal use instance of Asset-Based Lending in the Persistence ecosystem is Comdex. Comdex is a Decentralized Commodities Trading and Trade financing platform that covers the start to finish broker excursion (basically coordinates with items purchasers and dealers of actual wares, while additionally giving receivable financing to merchants).
Comdex as a product of Persistence is a platform created to make the process of trading commodities faster, easier and smoother for users. Every Persistence product is aimed at solving a major problem and Comdex isn’t excluded. It’s created as a trade-tech platform to tackle some of the industry challenges.
Some of Comdex features include:
Short trade cycles
Credibility
Organized trade workflows
Limited legal processes
CMDX
CMDX is the token of the Comdex chain and it assumes a vital part in assisting Comdex with satisfying its vision to assemble a biological system of answers for democratizing finance.
Here are the insights concerning the Tokenomics CMDX, and it’s in the Comdex ecosystem.
CMDX assumes five basic parts which are;
1) CMDX powers the organization’s staking economy as the native token of the chain. Transaction charges and exchange of CMDX the network.
2) CMDX holders can likewise be engaged with the administration of the protocol. CMDX holders assume a part in settling on basic choices for the protocol for example; whitelisting of synthetic also as collaterals that can be utilized on the platform.
3) Comdex synthetics application users can collateralize their CMDX possessions to make and exchange engineered cAssets on Comdex.
4) CMDX tokens will be conveyed as remunerations to liquidity suppliers and different members who perform basic capacities in the network.
5) CMDX tokens will be stamped and consumed to keep up with the strength of cAssets in the network and guarantee the dissolvability of the net obligation of the network.
The Comdex Application
This permits clients to collateralize their ecosystem which are: $ATOM, $XPRT, $AKT, $DVPN, and so forth) to make engineered cAssets.
cAssets (Comdex Synthetic assets) are Collateralized debt positions that any borrower can wish to close when he returns his debts (borrowed assets). On the other hand, every open debt that maintains the approximate debt ratio is close automatically by the system liquidity the underline collateral to close all outstanding debt position and liquidation charges.
CONCLUSION
Persistence. one like Pstake, Audit.one, pLend, and also Comdex are products empowering utilities that will be of the use best to every user. You can learn more about Comdex through its socials;
