Friday, November 15, 2024
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Hyperdex Mainnets starts giving extra rewards to users

The mainnet of Hyperdex, a decentralised finance (DeFi) network, has been launched. The mainnet is planned to bring new trading strategies to the platform, allowing users additional opportunity to earn in the DeFi ecosystem.

The mainnet, which went online on Wednesday, introduces three significant products to its list of features called ‘cubes.’ The Fixed Income cube is for risk-averse investors, the Algo Trading cube is for moderately risky clients, and their flagship offering, the Race Trading cube, is for risky investors and degens. The three features will allow users to choose their preferred trading strategy and unleash Hyperdex’s powerful capabilities.

Additionally, the mainnet launch improves the UX/UI for beginners and non-crypto investors. This aims to reduce the complexity of the DeFi ecosystem, making it easier for everyone to contribute and earn huge rewards.

“Hyperdex was created to reduce the complexity of DeFi investing and to expose individuals to sophisticated solutions that were previously only available to professionals,” says Manfredi Magris, Hyperdex Co-Founder.

Following the launch of the mainnet, investors in the Hyperdex native token, $HYP, will receive tokens via an initial decentralised exchange (DEX) offering (IDO). The $HYP token is the Hyperdex platform’s utility token, with a wide range of applications including rewarding users and motivating liquidity providers (LPs). Furthermore, the Hyperdex token will be utilised to provide additional benefits to participants in the “Hypercubes,” a smart investment plan that, once launched, doubles the investors’ profits.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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