Hyperdex launches mainnet to bring its DeFi investment platform to everyday users
Decentralized finance (DeFi) has been gaining a lot of momentum since the idea was first born in August 2018. As an ecosystem of financial applications being built with blockchain technology, DeFi aims to democratize finance by replacing legacy and centralized banking and financial institutions with peer-to-peer relationships.
Today, Hyperdex, the all-in-one platform for investing in decentralized finance (DeFi), announced the launch of its mainnet to bring its DeFi investment platform to everyday users. The launch follows extensive refinement and third-party auditing, Hyperdex has gone live with an initial trio of products: Fixed Income, Algo Trading, and Race Trading. Known as ‘cubes,’ these options will enable users to acclimatize to Hyperdex and its powerful capabilities.
“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.”
Scheduled to be issued to investors via an Initial Dex Offering (IDO), HYP can be used to amplify the rewards available to users of the Hyperdex platform and to incentivize the deployment of automated trading strategies.
The three cubes that Hyperdex has launched provide a taster of the investment strategies the platform will support. They operate as follows:
- Fixed Income: Low-risk strategy that enables investors to earn a fixed return over a specific time period.
- Algo Trading: Moderate risk strategy whereby investors may earn a variable return over a specific time period.
- Race Trading: High-risk strategy that enables investors to take a derivative-like position based on the future price of an asset.
The latter cube comprises one of the platform’s flagship products, with Hyperdex controlling every complicated component of what is essentially a derivatives contract. From the end user’s perspective, the only action necessary is to select the Race Trading cube, deposit the quoted asset and wait.
Ordinarily, investors engaging in derivatives trading must maintain margin requirements, set stop losses, and overcome the psychological component of watching a trade unfold in real-time. Hyperdex handles all of this on the investor’s behalf, converting a complex product into an automated “set and forget” option.
Following the mainnet launch of the Hyperdex platform, the IDO for the HYP token is due to be announced. Other milestones on an ambitious roadmap include the introduction of more sophisticated ‘Hypercubes’, that boost the investors’ returns two-fold and the launch of a P2P loan exchange.
Hyperdex is an all-in-one investment platform built for everyday users. It allows anyone to easily invest in DeFi with the click of a button and to create and deploy their own automatic trading strategy for others to utilize, all without prior coding experience. Participants can further amplify their rewards and supercharge their Hyperdex experience through the use of the native HYP token.