Stakin To Support Staking for Comdex

Comdex

Cosmos

Nov 21, 2021

2 min read

Stakin To Support Staking for Comdex

The Stakin team is thrilled to share with you that we will be offering staking support and validator services for Comdex Mainnet. Comdex is a synthetics protocol that unlocks access to a vast set of commodity debt assets and liquidity, making the flow of capital from DeFi to centralized finance seamless.

The Comdex’ team aims to democratize finance. The creation of digitally tradable representations of a wide range of assets enables investors to have global accessibility in finance. Furthermore, built with the core fundamentals of interoperability such as IBC, Comdex’ ecosystem of solutions can work synergistically to aggregate liquidity from multiple DeFi ecosystems and facilitate the flow into CeFi. That said, synthetic assets lay the foundation for fulfilling the vision by creating bridges to the crypto ecosystems and financial instrument markets.

Comdex launched its Mainnet on the 20th of November 2021 and has a Proof-of-Stake consensus mechanism. $CMDX is the native token of the Comdex chain and will play a crucial role in helping Comdex fulfill its vision to build an ecosystem of solutions to democratize finance. The CMDX token is inflationary in nature with an inflation of 30% set for the first year and a subsequent reduction of 25% in the inflation rate in each with the maximum supply capped at 200,000,000 $CMDX. For more information about the token economics, please have a look at the full announcement.

You can delegate your $CDMX to Stakin via the following address: comdexvaloper1g6zz4d7j6fvxy24nsqkjrcxqrt7hwp6p6hws7c

Comdex lays the foundation for a future where the entire lifecycle of commodity transactions can be performed seamlessly and accessed by all. Stakin, as a trusted validator for many other Cosmos and Tendermint based projects such as Juno, E-Money, Regen Network, Kava and many more, feels confident that we will be able to support the Comdex network in its mission and are looking forward to its future.

For more information about Comdex, please visit the website, Telegram or Twitter.

About Stakin

Stakin is an infrastructure operator for Proof-of-Stake (PoS) public blockchains, offering non-custodial delegation services. The company enables PoS cryptocurrency holders to earn interests on their holdings and participate in decentralized governance while remaining in possession of their cryptocurrencies.

Stakin serves institutional crypto players, foundations, custodians, exchanges as well as a large community of retail token holders. Driven by demand from institutional customers and the community, Stakin provides services for multiple blockchains, including leading ecosystems such as Cosmos, Solana, Polygon, Polkadot, and more.
For more information about Stakin, visit the Website, Twitter, Blog, or join the Telegram and Discord community.


DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.

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