StaFiHub Teams Up with Comdex to Expand the rToken User Scenario As Collaterals and Explore in rCMDX

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StaFi

3 min readMay 12, 2022

StaFiHub and Comdex have teamed up to make their networks and assets more fully interoperable. StaFiHub and Comdex will work together to introduce the brand-new rToken assets issued on StaFihub into Comdex Eco as the collaterals for synthetic assets, as well as explore the liquid staking solution rCMDX for CMDX stakers.

Comdex is an important player in the Cosmos Ecosystem and works as a DeFi infrastructure layer for this ecosystem. Comdex provides a variety of interoperable plug & play modules for projects to use to create their own DeFi platforms providing utility to the Cosmos community and DeFi users worldwide.

Comdex’s journey towards opening financial markets and growing investors’ access progresses by creating cAsset app — the decentralized synthetics exchange. Through synthetics, cAsset app will innovate to enhance investors’ access to a broad range of asset classes and generate a higher yield from safer avenues for investment.

StaFiHub is a project built on Cosmos SDK, developed by StaFi protocol, to provide Liquid Staking Derivative SDK solution for Cosmos Eco projects.

This partnership unlocks the three following use cases:

1.rTokens Integrated on Comdex As Collaterals

In the future, rTokens issued on StaFiHub could be used in Comdex Ecosystem as the collaterals to mint synthetic assets. rTokens working as the great interest-bearing assets, will become great collateral assets choices for Comdex users. This integration will also help create a valuable user scenario for rToken holders.

2.Explore The Liquid Staking Solution rCMDX

StaFiHub has developed a Liquid Staking SDK for Cosmos Eco projects to be able to effortlessly and quickly get their own liquid staking derivatives with very limited costs on development and time taken.

StaFiHub and Comdex will work together to explore the rCMDX liquid staking solution on the StaFiHub chain. Every $CMDX token holder can stake their $CMDX through rCMDX DApp to earn the staking rewards while still enjoying the liquidity of rCMDX token, which could be transferred or traded on any IBC chains at any time they want.

3. Cooperation On The Validation

Network security is always the top priority for both StaFiHub and Comdex. Therefore, StaFiHub and Comdex will work together to provide validation services for each other to enhance the security of the validator network.

Conclusion

After the cooperation with IRISnet, Comdex is another great partner for StaFiHub to expand in the Cosmos Ecosystem. We are thrilled to work with Comdex to create a great user scenario for rToken holders and explore on rCMDX.

StaFiHub will keep working with other Cosmos projects to help them have their own liquid staking derivatives based on StaFiHub Liquid Staking SDK.

About Comdex

The Comdex chain works as a DeFi infrastructure layer for the Cosmos ecosystem. Comdex provides a variety of interoperable plug & play modules for projects to use to create their own DeFi platforms providing utility to the Cosmos community as well as DeFi users worldwide.

About StaFiHub

StaFiHub is a Cosmos SDK built project developed by StaFi protocol to provide Liquid Staking Derivative SDK solution for Cosmos Eco projects. With StaFiHub, Cosmos Eco projects to easily and quickly get their own liquid staking derivatives with very limited development and time costs.

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