IDEX — Stake Capital Partnership Announcement
Paris 23 May 2019: Stake Capital is excited to announce a major partnership and investment in IDEX to offer a broader range of services to digital asset investors.
IDEX is the biggest and leading decentralised exchange (DEX) with ~59% of decentralised transactions on the Ethereum network with a total of 209,961 tx’s in the last 30 days. IDEX is 6x — 9x bigger than other DEX such as Kyber Network, Uniswap, @oasisDe
Their success is largely driven by their combination of non-custodial deposits and centralised order matching, resulting in a familiar and efficient trading environment.
IDEX staking allows users to run specialised nodes that execute or manage specific functions related to IDEX. In return for helping decentralise various “tiers” of IDEX product architecture, node operators are compensated in ether (ETH). Learn more about IDEX staking.
As the order book and order matching is currently performed by IDEX, this allows for efficient trading and users do not spend gas to post, take or cancel orders. Nevertheless, all operations on IDEX require the trader to sign a message from their web3 wallet, preventing unexpected malicious behaviour.
IDEX is progressively decentralising the order matching role through their proof-of-stake token called IDEX. In doing so, they are further decreasing reliance on a single entity, which increases user security while still maintaining a frictionless user experience. We will cover IDEX’s token and staking mechanisms in more details in a separate medium post.
Stake Capital is a leading, non-custodial digital service provider, offering trustless asset management, secure delegation services and decentralised financial tools for investors looking to effortlessly participate in growing PoS economies.
- Stake Capital is partnering with IDEX to become both a validator and a market maker on IDEX. We will soon allow IDEX token holders to delegate their IDEX tokens through Stake Capital.
- For large token holders looking to set up their own infrastructure, Stake Capital will offer whitelabeling solutions — please get in touch with us if you are interested (contact@stake.capital).
- Stake Capital users will be able to enjoy promotional offers on certain IDEX services — more details to be released soon.
- Stake Capital and IDEX will offer Staking and DeFi tools to traders and investors.
Alex Wearn, CEO and co-founder of IDEX commented:
IDEX staking is a critical part of our mission to build the most user-friendly DEX. This partnership with Stake Capital, a premier staking service provider, will expand the support of our staking network and offer IDEX customers a reliable alternative to running their own node directly.
Julien Bouteloup, CEO at Stake Capital commented:
We are happy to partner and invest in the largest and well known decentralised exchange to offer a broader range of services such as staking and DeFi to digital asset investors and traders.
To learn more about IDEX 👇
IDEX Twitter | IDEX Homepage | IDEX DAO homepage | IDEX Discord
