home” diary » HyperDEX Finance: simplifying DeFi for the masses
HyperDEX is a decentralized protocol that allows people to easily buy, sell, exchange, borrow and lend cryptocurrencies and digital assets. Unlike traditional exchanges, HyperDEX does not require users to deposit funds into a central account. Instead, HyperDEX connects buyers and sellers directly via smart contracts.
HyperDex DeFi Goals to create the first decentralized financial investment platform for mirroring digital assets traditional financial products, but with one Main Difference: Everything is decentralized and automated.
HyperDex claims that they are able to overcome the numerous obstacles that stand in the way of effective and efficient funding. They will do this by allowing professionals and new investors to easily and conveniently leverage the value created by DeFi by channeling their crypto assets into multiple HyperDeX products using algorithmic trading and staking.
What is the use case for HyperDex?
The platform allows investors to diversify their portfolio across different trading strategies. For example, you could buy a fixed return strategy cube that guarantees a certain profit each month. Or you can opt for a leveraged strategy cube, where you pay a small fee up front and receive a larger amount of money later.
In addition to investing, HyperDEX also offers borrowing and lending opportunities. Users can either lend their cryptocurrency holdings to others or borrow cash against their cryptocurrency holdings. There are no transaction fees associated with these activities.
HyperDex aims to provide a passive investment strategy for those who lack the experience or time to capitalize on DeFi’s huge potential. This project aims to be the hub where anyone can invest in DeFi through our platform, regardless of whether they have prior DeFi knowledge. We believe DeFi is one of the biggest innovations in finance today, and we want to make it easier for everyone to participate.
What are dice?
DeFi investing can be daunting for new users, especially because the complexity of decentralized finance (DeFi) makes it difficult to choose the best approach. HyperDex has created new containers that are similar to liquidity pools on decentralized exchanges, but they are called Dice. Users can select a cube of their choice and generate an expected income that is always known with no hidden fees.
The user can select a fixed income investment offering from multiple Cube options that offer returns on either stablecoins or cryptocurrency. Each cube option has its own expiry date and details of ultimate investment return and redemption rules.
HyperDex offers three basic investment strategies, each with a different level of risk.
The three main strategies are:
- Fixed Income Cube: They can be used to invest in cryptocurrencies, stablecoins or any other asset class. Investors can choose from a variety of expiration dates and redemption rules.
- Algo Trading Cube: Earn interest on your portfolio based on a range of automated trading strategies.
Algo Trades are automated trading protocols, the are based on a purely statistical algorithm. algo trading algorithms aim to generate higher returns through Identifying the market differences between the leading ones cryptocurrencies. - Race Trading Cube: Speculate on a single asset over a set period of time. This strategy includes both long and short positions. Race trading cubes are similar to those of cryptocurrency prediction markets. HyperDex’s Racing Cube is built on a decentralized, trusted prediction market platform where users predict the outcomes of future prices. In short, HyperDex does not make predictions but instead shows what is trading heavily in terms of short and long positions.
HyperCube – cubes and earnings on steroids
The HyperCube is a revolutionary product that allows you to generate additional income from your existing investments. With the help of the HyperCube, investors receive a fixed return on their investments plus an additional percentage based on the amount of HYP tokens held in their account. This makes it possible to increase profits without having to make another investment.
The user, by Purchasing each of the dice can Select to transform she in HyperCubes. On the expiration date, the cube will only have Counting out a base percentage from the underlying asset; however, the HyperCube will do Counting out a double Crowd and increase the base percentage payout. therefore, the HyperCubes become profits earn Reward in the invested currencies (e.g. USDT or BNB) and at Hyper tokens With her own percentage value at the time of specified to buy. As such, if a cube’s reward was 100 USDT, the HyperCube want add another win HYP.
HYP Token – Role and Tokenomics
The main component of HyperDEX is the HYP token. Investors receive tokens during the crowdsale. These tokens are used to pay fees within the network and to reward participants in the farming process. In addition, investors receive dividends based on the amount of HYP deployed in the system.
HYP (HyperToken) is the platform native Currency, and can only be acquired by embossing. After the pre-sale phase, the embossing takes place every time a user’s profit is paid out. To emboss HyperToken and prevent inflation or deflation problems any of HyperCubes Profits are stamped HyperToken only, according to to the percentage reward. To the Example, at the end of Firmly income Basic die generates a win to the the user from 100 USDT. The HyperCube generates a extra benefit from 100 USDT plus 100 HyperToken. If the HyperToken at this moment it is worth it one US Dollar, an additional profit of one hundred HyperToken will be embossed the User. For example given above if upon expiry that HyperToken was value two Dollar, the entire embossing would have been fifty hypertoken, etc.
The initial endowment of the HYP will not exceed 200,000,000 tokens.
Conclusion
HyperDEX is a fully decentralized asset management platform. It offers new investors and professional traders a simple, effective and efficient way to invest and trade cryptocurrencies. Users only need a mobile phone to use the platform and invest. Additionally, the platform is hosted by Binance Chain to ensure faster transactions and lower fees. Given its unique features, the increasing number of users using the platform, and the growing value of the platform, HyperDex holds tremendous future potential in the DeFI space.
The team announced the start of the pre-sale, and investors who get involved early could earn great long-term returns on the HYP they invest. To participate in the pre-sale, just go to their website.
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CaptainAltcoin’s authors and guest contributors may or may not have a vested interest in any of the projects and companies mentioned. None of the content on CaptainAltcoin is investment advice or a substitute for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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