Cryptex Finance v2: A Decentralized Perpetual Markets Platform

20x Leverage for Long or Short Positions on entire Crypto Market Cap

We are thrilled to announce the launch of Cryptex v2, a decentralized perpetual markets platform that provides DeFi users the ability to long or short the entire Crypto Market Cap with up to 20x leverage. Built on Perennial infrastructure, supported by Chainlink oracles, and available exclusively on Arbitrum.

Unlocking the Potential of DeFi Derivatives with Cryptex v2:

The DeFi derivatives industry has progressed beyond its initial phases of basic products with weak mechanisms and strong incentives. These approaches are not scalable for future growth and innovation. To fully realize the potential of Cryptex, the DAO is building upon Perennial’s mechanisms and creating a diverse suite of perpetuals that surpass currently available solutions in DeFi derivatives. This will enable previously untradable data metrics like Total Crypto Market Capitalization and others to now become tradable on a secure and trustless foundation.

Roadmap and Overview of the Phases:

The Cryptex DAO will introduce v2 in phases, with Phase 1 starting on April 11th, 2023. Here are some key points to note about Cryptex v2:

• v2 will be fully owned and operated by the Cryptex DAO.
• v2 will not be accessible to users in restricted jurisdictions.
• 100% of v2 revenues will go to the DAO Treasury, and CTX tokens will be used solely for governance and voting.
• v2 will initially feature perpetual total crypto market cap, with plans to introduce other unique perpetual markets in the future.

During Phase 1, users with at least 1,000 CTX governance tokens will be allowed to open and close positions and use the first trading chart iteration. However, the trading history of users will not be visible at this time.

Phase 2 will be available to all users with at least 1,000 CTX and members who apply to the waitlist.

Phase 3 will be accessible to everyone in the DeFi community.

Please note that while the general outline of each stage will remain consistent, certain details may be subject to change. Additionally, we will be providing more information on Stages 2 and 3 in the near future.

We are excited to bring this platform to the DeFi community and excited to incentivize the usage of Cryptex v2 through our partnership with Arbitrum.

We are committed to offering DeFi users the best experience possible, and we are confident that Cryptex v2 will be a valuable addition to the Arbitrum ecosystem.

Thank you for your support, and we hope you enjoy using Cryptex v2.

About Cryptex Finance

Cryptex Finance is a multi-network DeFi protocol. The protocol uses Ethereum smart contracts, Perennial derivatives vaults, and Chainlink data oracles to help provide secure and decentralized software for users. Available on Arbitrum.

For more information, please visit: https://v2.cryptex.finance/

Disclaimer: DISCLAIMER: Any views expressed in this post represent the sole analysis of Cryptex, (“Cryptex”) whose opinions are based solely on publicly available information. No representation or warranty, express or implied, is made as to the accuracy or completeness of any information contained herein. Cryptex expressly disclaims any and all liability based, in whole or in part, on such information, any errors therein or omissions therefrom. Cryptex also reserves the right to modify or change its views or conclusions at any time in the future without notice. Cryptex is an open-source, fully decentralized protocol. Cryptex is NOT an ICO. No sale has been solicited. The information contained in this post DOES NOT recommend the use of any Cryptex token, nor is it an offer to sell, a solicitation, or an offer to buy any Cryptex tokenized asset or product. Furthermore, CTX token rewards governing the protocol are granted by Cryptex to system providers with a value of ZERO. Always do your own research. The information contained in this post is not intended to be, nor should it be construed or used as, investment advice. No representation, recommendation, or warranty, express or implied, is made as to the future performance or functionality of any Cryptex token. Any unaffiliated use of this document, or the contents herein, is strictly prohibited without the prior written consent of Cryptex.