Hyperdex is a Swiss-based DEX (decentralized exchange), that announced the launch of its mainnet after its success with its testnet. The launch of the mainnet brings along three major advancements on the platform, named “cubes”, enabling users to adjust to the Hyperdex network and unlock its vast capabilities.
Going live on Wednesday, the Hyperdex mainnet will introduce the Fixed Income, Algo Trading, and Race Trading cubes, adding to a plethora of features available including token swaps, liquidity provision & staking. According to a team statement, the three “cubes” will be the first phase of investment development and strategies integrated into the platform, with more to follow in the coming months.
First, Fixed Income is low-risk and allows them to achieve a certain return on stablecoins/crypto-assets for a specified period. There are different Fixed Income cubes that offer different returns and detail about each investment.
Algo Trading cubes, a low-risk strategy that allows users to make a variable return from their cryptocurrency assets, is second. These strategies use statistics and a multi-dimensional approach that includes arbitrage.
Finally, the Race Trading cube is Hyperdex’s flagship product, offering DeFi users high-risk strategies that allow users to take derivative-like positions on their crypto assets on a decentralized and secure platform. Race Trading Cubes offer a much more aggressive investment approach, allowing users to speculate on future prices of asset via long or short positions. These strategies come in a variety of cubes, with different asset types, targets prices, liquidation costs, leverage and other options.
Hyperdex manages every part of this derivatives contract, making it accessible to everyone. Race Trading platform traders will need only a few clicks to begin trading derivatives. This is similar to the ease of using a central exchange.
“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.”
Hyperdex launch $HYP IDO
Hyperdex will issue $HYP to investors via an initial DEX offer (IDO), once the mainnet is launched. You can use the $HYP token to increase liquidity provision (LP), and encourage the adoption of automated trading strategies.
The launch of Hyperdex’s mainnet marks the beginning of a journey to develop the platform in line with its ambitious plans. In the coming weeks, the team plans to introduce more sophisticated ‘Hypercubes’ that boost the investors’ returns two-fold and launch a P2P loan exchange.