COMDEX NETWORK $CMDX
HOW TO STAKE $CMDX ON STRTAONE NETWORK
Strataon presents a step-by-step guide on staking your Comdex $CMDX with Cosmos' most famous wallet: Keplr
INTRODUCTION;
Comdex's main objective is to provide the ecosystem that democratizes finance by being a bridge between CeFi (Centralized Finance) and DeFi (Decentralized Finance)
Comdex aims to give financial markets and growing investors’ global accessibility in finance by creating the synthetics protocol. Through synthetics, Comdex will innovate to enhance investors’ access to a broad range of asset classes and generate a higher yield from safer avenues for investment. A truly permissionless system like this can facilitate the tokenization of real-world assets with fewer hurdles than those in traditional derivatives markets.
Want to know more about Staking CDMX (Comdex’s native token), you are in the right place.
About Comdex
Comdex is a layer-1 infrastructure for the seamless deployment of dApps in the Cosmos Ecosystem, powering DeFi in the multi-chain future. The Comdex chain enhances investors’ access to a broad range of assets that help them diversify and generate yield on their investments.
The native token CMDX powers the network’s staking economy. Transaction fees and staking of CMDX help secure the blockchain.
HOW TO BUY $CMDX?
CMDX is listed on Osmosis.zone (Cosmos DEX) and could be purchased there with a connected Keplr wallet.
How is Comdex related to Persistence?
Comdex is one of the major projects launched in the Persistence ecosystem. Integrated into the Cosmos network, the Comdex platform further links the worlds of DeFi and CeFi. The platform tokenizes derivatives of commodities like gold, silver, crude oil (the synthetics) to facilitate their holding, trading, and other transactions. The tokenized synthetics, called cAssets, attract cryptocurrencies used as collateral for their minting. That basically ‘democratizes finances’, as claimed by the Comdex proponents, enabling common investors to engage in commodity trading.
How To Stake Comdex$ on Strata one using Keplr wallet;
You can use the Keplr extension and simply press “Stake” on the pop-up’s bottom right; it will take you to the Omniflix web page (you can also go to comdex.omniflix.co/stake).
After you connect your wallet, you will see a list of all the validators that you can stake with. Scroll down to select your validator of choice.
Click on “Delegate” to delegate your tokens.
written by: Thompson (creator StrataOne)
Last updated
