jakiro
Author: TrustlessLabs Source: X,@TrustlessLabs
In July last year, Kain Warwick, the founder of Synthetix, announced that it launched a new decentralized permanent exchange (post -change expression to “comprehensive DEFI platform”) Infinex.What does INFINEX do?What innovation does it have?What are the opportunities for users?
Crypto market development bottleneck: How to break through the user threshold?
In the current blockchain and cryptocurrency market, decentralized technology has spawned many powerful new products.However, the radiation range of these products is limited to a few people who have deep awareness and experience in the industry.The main reason for this situation is that users need to master many new knowledge, such as wallets, cross -chain bridges, and miners’ costs, which undoubtedly set up a high threshold for ordinary users.At present, the centralized exchange is a “temporary” solution, which provides convenience for users who want to contact but have not yet learned how to use cryptocurrencies.However, there is an obvious disadvantage of centralized exchanges: they cannot make full use of the strong network effects of decentralized ecosystems and open networks.The products that the centralized entity can provide will always be only a subset of the products available on the chain.The agreement that does not require a license can make new types of coins, lending pools, and derivatives put them more quickly than any centralized server. This effect is still increasing with the growth of the network.
Infinex: DAPP Breaking the game
At present, poor user experience is a key obstacle to the large -scale application of blockchain technology.Although the current decentralized products and services have powerful functions, due to the high threshold of use, there is a huge gap between users and products.Many people are unwilling to cross this gap, and
>
Current data
On May 13, Infinex officially opened the account creation and deposit channel, and announced that it will distribute 377 million governance points GP to all deposit users within 30 days.At present, the total lock value of Infinex on the total lock value of the networks such as Ethereum, Arbitrum, Base, Solana, Optimism, Polygon and other networks has exceeded $ 110 million.
>
Main innovation and breakthrough points
1. Improve user experience
Infinex’s launch aims to improve user experience by simplifying user operations.Infinex uses the recommended link and trading fee return mechanism commonly used in centralized exchanges, and generates a public private key pair for each user, stores in the browser, and automatically signs it during transaction.These improvements make users more convenient to operate, and there is no need to perform tedious chain operations, thereby reducing the entry threshold.For example, Infinex generates a unique deposit address for each user. Users can use USDT, USDC or SUSD for deposits. The funds can be checked transparent to ensure security.
2. Enhance liquidity and market attraction
Infinex plans to provide more efficient permanent contract trading services by integrating with Synthetix Perps V3.Infinex not only supports a variety of mortgages, but also improves capital efficiency by using stable coins such as USDC and reducing the risk of liquidity providers.For example, using USDC as a mortgage can make liquidity providers get an annualized return rate of 13.6%at a mortgage rate of 110%, while SNX can only get 3%of the annualized return rate at a 500%mortgage rate.
3. Cross -chain expansion
Infinex supports multi -chain operations, users can trade on multiple chains such as Ethereum, Optimism, Base, etc.This can expand the user base, bringing more transaction volume and income.
4. Enhance market competitiveness
Infinex’s launch aims to compete directly with a centralized exchange.By providing a user experience similar to a centralized exchange, Infinex hopes to attract more users from CEX to DEX.In addition, Infinex’s sensorless experience layer design further brings up the experience gap between CEFI and DEFI to promote the popularization of DEFI.For example, the functional highlights contained in Infinex include the use of username and password login, multi -factor authentication and cross -chain deposit. These functions make users feel like using a centralized trading platform, but the back end is decentralized and unacceptable.Lobricity support.
Analyze Infinex governance mechanism: What is GP and Patron NFT?
As a typical decentralized application, Infinex has built a community -based governance framework.In this framework, governance points (GP) and Patron NFT have played a key role, ensuring the transparency of the protocol, the effectiveness of the incentive mechanism, and the fairness of fund management.
· What is GP (Governance Points)?
GP is a governance points used in the Infinex ecosystem to reward and motivate community members.Community members can obtain GP through multiple channels, such as participating in GP Farming, active community platforms such as Discord and Twitter, participating in the governance conference, holding a specified NFT (must register an Infinex account at least 50USDC at the same time), submit and pass the proposal, and pass the proposal.wait.GP mainly plays the following role in the Infinex governance framework:
1. Participate in governance: GP holders have the right to participate in Infinex’s governance voting, including approval and implementation of various proposals.This mechanism ensures that members of the community have the right to speak in the future development of the agreement.
2. Exchange rewards: GP can be used to redeem Patron NFT, which not only enhances the position and influence of the holder in the community, but also get a certain reward and recognition.
3. Community incentives: By allocating GP to reward members who actively participate in community activities, Infinex inspires more users to participate and contribute to promote the healthy development of the ecosystem.
>
GP’s current allocation
>
GP is expected to allocate in the future
What is Patron NFT?
Patron NFT is an unlimited token, representing the identity of the contributor in Infinex.Each Patron NFT can be obtained by burning 200,000 GP. The casting cost will be assigned to Infinex Treasury to pay for operating expenses, growth and market incentives, and contributors.This design aims to recognize members who have made significant contributions to the Infinex ecosystem.Patron NFT’s role in the Infinex governance framework includes:
1. Symbol contributor identity: users holding Patron NFT are regarded as sponsor of Infinex. This recognition helps enhance their reputation and influence in the community.
2. Participate in the incentive plan: Patron NFT can be used as incentive measures to reward members who make non -financial contributions to the INFINEX agreement to further promote the active participation of the community.
3. Participate in governance: Although Patron NFT itself does not give direct governance rights, its holder has a high reputation in the community, which can indirectly affect community decision -making and governance.
Through GP and Patron NFT, Infinex has built a decentralized, transparent and effective governance framework, encouraging community members to actively participate and contribute to the development of the ecosystem.
New opportunities for airdrops?——Ifinex “Speedrun The Waitlist”
Infinex launched the Whitlun THE WAITList at 00:00 on May 13.The following is the summary of this activity:
1. Create accounts and deposits:
Starting from 00:00 on May 13, anyone can create an Infinex account and deposit in USDC.
2. Governance points (GP):
· During the 30 -day “Speedrun The Waitlist” event, the pledgers will get 377 million GP, some Patron NFT supply, and future integration of priority access rights.
· Infinex officially promised that the total supply of GP is limited to 600 million (changed to 630 million in subsequent XIP-26 proposals), and will not become “points scams”.
· GP is mainly used to control Infinex, and the Infinex Committee has allocated 3,000 Patron NFT to GP holders, and one NFT can be exchanged for each 200,000 GP.
3. Details of activity:
· The event starts from 00:00 on May 14 (24 hours after the account opening the deposit).
The deposit will be locked during the event.
· Early deposits will get more GP.
· 3.77 billion GP will be distributed linearly to the pledgers based on the proportion of total TVL (total locking value).
>
So, can GP bring potential returns to retail investors?
First of all, GP is an important review criteria for the official version of Infinex to access the “admission ticket”.According to official disclosure, the current Infinex has received more than 200,000 white list applications for its official release. Therefore, it is necessary to screen the GP points system to determine which users can get the experience qualifications when the first integrated function can be released in Infinex.
Secondly, does Infinex follow the various POINTS-FI projects that are hot in the current market.
It should be noted that Infinex once mentioned in an article published in September 2023 that “Infinex’s interests will be consistent with Synthetix, so Infinex will not launch its own token”, and “a large partSynthetix pledker “.
However, in Infinex’s community governance, the XIP-19 submitted by the assignment of more GP to SNX pledges in February 2024 was rejected, which may reflect the direction of the Infinex community to a certain extent.
In addition, the current development and radiation range of Infinex has broken through the “front -end application of Synthetix” in the early “Synthetix to optimize the user experience”, which is gradually thrive in the broader Web3 multi -chain ecosystem outside Synthetix.
It is worth thinking about that in the governance framework of Infinex, it can be seen that GP is the core part of its incentive measures.What about rewards?
At present, Infinex continues to improve and update the supply and distribution around GP. At the same time, it continues to stimulate users’ imagination and expectations of GP through broadening channels and richer points incentive activities, but -but — but GP, and then then, and thenWoolen cloth?
Whether it is to launch its own governance tokens or to undertake the expectations of GP to users through other economic incentives, Infinex needs to submit a more complete and reasonable answer sheet to users.Therefore, the actual value and potential of GP needs to be further verified.
in conclusion
Infinex’s launch aims to solve the bottlenecks of current decentralized applications of the current encrypted market by improving user experience, enhancing liquidity and market attractiveness, realizing cross -chain expansion, and enhancing market competitiveness.By simplifying user operations, introducing a variety of collateral and stable coins, supporting multi -chain operations, and providing user experiences similar to centralized exchanges, Infinex showed its innovation and breakthroughs.
However, Infinex’s success also requires the effectiveness of its governance mechanisms and incentive measures, especially the actual economic returns of governance points (GP) and Patron NFT.Although the GP points system provides users with opportunities to participate in governance and acquisition, its actual value and potential still need to be further observed and verified.Whether Infinex can submit a complete and reasonable answer to users, it will determine its long -term competitiveness and development prospects in decentralized financial fields.
