KardiaChain Empowers FinNexus DeFi Solutions
KardiaChain continues the exploration into DeFi space with the integration of FinNexus’ Defi solutions. We will connect to broader DeFi and traditional assets landscape via FinNexus, originally on Wanchain, positioning itself as an interoperable decentralized finance protocol maker. Their unique proposition of cross-chain DeFi and emerging diverse protocol suite fit in with KardiaChain’s goal of mass adoption and hybrid blockchain solution.
https://options.finnexus.io/#/, https://wandora.finnexus.app/ and https://jackspot.finnexus.app/ as some Dapps which are already live on WanChain. FinNexus’s DeFi innovation and its portfolio of DeFi services and up-and-coming Finnexus’s Dapps are samples for our exploration of opportunities to refactor and bring to KardiaChain’s mainnet, which is a solid adoption stimulation.
Previously, FinNexus has worked with Elrond to offer their options protocol on Elrond mainnet, and brought real world assets to the XRP Ledger. The FNX token went live on Ethereum last month. Similarly, our upcoming concrete example for the collaboration would be the tokenization of real-world assets on KardiaChain using FinNexus protocols. Another viable example of Finnexus’s DeFi solution is Multi-Asset Liquidity Pool for Options. Options are financial derivatives that offer their buyers the right to purchase an underlying asset at a specified price over a time period. The Multi-Asset Single-Pool is a strong catalyst for KAI and FNX token holders to gain exposure to a variety of bespoke cash-settled options positions on a variety of assets, initially BTC and ETH. Finexus can ease the complexity for end-users who might not only be able to use $BUSD to invest in tokenized real-world assets but also use $KAI to hedge the risk of their BTC holdings using the FinNexus Options platform on KardiaChain blockchain. We are happy to be a part of a highly efficient and innovative multi-asset liquidity pool for Options.
The Derivatives industry including DeFi and Options are reportedly multi-trillion-dollar markets. DeFi accounts for a decent fast-growing ratio due to its efficiency and cost-saving. With the future onboarding of FinNexus onto KardiaChain’s mainnet as an interoperability platform which aims for mass adoption with enterprises and governments, Finnexus as themselves a open finance hub making connections among assets, users, blockchains and service providers, is expected to contribute for a number of asset managers, investors, and other financial clients on KardiaChain infrastructure.
We are excited to together with FinNexus power decentralized asset-backed tokens and facilitate DeFi DApps, tokenized real world assets and decentralized options. Further endorsing our goal of mass adoption is a much more compelling proposition that FinNexus can bring to KardiaChain’s ecosystem, which will draw attention to both crypto products and traditional finance by providing DeFi services.
About FinNexus
FinNexus is building a suite of open finance protocol clusters that will power hybrid marketplaces trading both decentralized and traditional financial products. The headline product to be released is a fully decentralized bitcoin (and other cryptocurrencies) options model that will live on both Wanchain and Ethereum.
Know more about FinNexus:
Telegram: https://t.me/FinNexusOfficial
Twitter: https://twitter.com/fin_nexus
Website: https://www.finnexus.io
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