Breaking Down Barriers for Users in the Crypto Market: Infinex's Innovative Journey

In the current blockchain and crypto market, decentralized technology has spawned numerous powerful products, but its user base is still limited to the industry. This is mainly because ordinary users need to learn complex concepts such as wallets, cross-chain bridges, and miner fees, which sets a high barrier to entry.

Centralized exchanges serve as a stopgap measure, providing convenience for new users. However, they cannot fully leverage the powerful network effects of the decentralized ecosystem. Decentralized protocols can more rapidly launch new products such as tokens, lending pools, and derivatives, and this advantage continues to grow with the expansion of the network.

Infinex: Breakthrough DAPP Solution

A poor user experience (UX) is a key factor hindering the widespread application of blockchain technology. Current decentralized products, while powerful, have a high barrier to entry, resulting in a significant gap between users and products. Infinex aims to bridge this gap by simplifying the user experience, helping users enter the decentralized world more easily.

Infinex is a comprehensive DeFi platform dedicated to unifying decentralized ecosystems and applications under an experience layer designed specifically for Web2 users. In this way, users can enjoy the advantages of decentralized products without needing to delve into the complexities of blockchain technology.

On May 13, Infinex opened the account creation and deposit channels, announcing the distribution of 377 million governance points GP to all deposit users over the next 30 days. Currently, Infinex's total locked value across multiple networks has exceeded 110 million USD, laying a solid foundation for its future development.

Key Innovations and Breakthroughs of Infinex

improve user experience

Infinex adopts the referral links and trading fee rebate mechanisms commonly used by centralized exchanges, and generates a public and private key pair for each user, stored in the browser, allowing for automatic signing during transactions. These improvements make the user experience more convenient, eliminating the need for cumbersome on-chain operations. Infinex generates a unique deposit address for each user, supports deposits in multiple stablecoins, and ensures that funds are transparent and traceable.

enhance liquidity and market attractiveness

Infinex plans to provide more efficient perpetual contract trading services by integrating with Synthetix Perps V3. It supports multiple collateral types and improves capital efficiency by using stablecoins, reducing the risk for liquidity providers. For example, using USDC as collateral can achieve higher annualized returns at a lower collateral rate.

cross-chain expansion

Infinex supports multi-chain operations, allowing users to trade across multiple chains, expanding the user base and bringing more transaction volume and revenue.

enhance market competitiveness

Infinex aims to directly compete with centralized exchanges by providing a similar user experience, attracting more users from CEX to DEX. Its seamless experience layer design further bridges the experience gap between CeFi and DeFi, promoting the popularization of DeFi.

Infinex Governance Mechanism: GP and Patron NFT

Infinex has built a community-centric governance framework, where governance points (GP) and Patron NFTs play a key role.

GP (Governance Points)

GP is a governance point used to reward and incentivize community members. Users can earn GP through various means, such as participating in GP Farming, being active on community platforms, and attending governance meetings. The main functions of GP include:

• Participation in Governance: GP holders have the right to participate in Infinex's governance voting.
• Redemption Reward: GP can be used to redeem Patron NFT.
• Community incentives: Reward active members participating in community activities by allocating GP.

Patron NFT

Patron NFT represents the contributor identity in Infinex and can be obtained by burning 200,000 GP. The functions of Patron NFT include:

• Symbolizing contributor identity: Enhancing the prestige and influence of holders within the community.
• Participate in incentive programs: Rewards for members who make non-financial contributions to the protocol.
• Indirect participation in governance: Holders have a high reputation in the community and can indirectly influence decisions.

Whitelist Racing Event

Infinex launched a whitelist racing event on May 13, which mainly includes:

• Users can create an account and deposit USDC.
• During the 30-day event, stakers will receive 377 million GP, a portion of Patron NFT supplies, and priority access to future integrations.
• The total supply of GP is limited to 630 million.
• Early deposits will receive more GP.
• GP is linearly distributed to stakers based on the total TVL ratio.

The Potential Value of GP

As an important review criterion for accessing the official version of Infinex, GP may bring the following potential value:

• Get priority access to the first integrated features of Infinex.
• May participate in future point exchange or airdrop reward activities.

However, the actual economic value of GP still needs further verification. Infinex needs to clarify how GP translates into users' actual economic returns to meet the growing expectations of users.

Conclusion

Infinex provides a new approach to addressing the usability barrier of decentralized applications in the current crypto market through innovative user experience design, multi-chain support, and a quasi-centralized exchange operation model. Its governance mechanism and incentive measures show potential, but the actual value of GP and long-term development prospects still require time for validation. Whether Infinex can establish a lasting competitive advantage in the decentralized finance sector will depend on how it balances user-friendliness, the degree of decentralization, and economic incentive mechanisms.