'When DeFi Meets TradeFi: Comdex Co-founder, Abhishek Singh, Discusses Commodities In Crypto' by dan_jgs decentralizedinternet quicknode
, a holistic infrastructure layer for DeFi. He is on an ambitious mission to enable seamless deployment of DeFi products and services, and make them more accessible to the masses. Comdex is also aiming to democratize global financing by powering a multichain future for DeFi.
First off, the regulatory landscape for crypto has been ridiculed with negative sentiments and a lack of clarity. Hence, all naive and unsure retail traders are pulling their money out of the market, draining what is often called timid money. Similarly, the narrative of a ‘crypto winter’ setting has further pushed small players away from the market.
Brilliant question! There’s lots of friction concerning the traditional financial markets. We can start with bringing the elements of transparency and provenance into the movement of assets and money. Blockchain enables us to achieve seamless peer-to-peer financial transactions, across the globe, at a minimal cost and in quick time.
Q3. Please delve into the reasons why Comdex was built on the Cosmos SDK? Also, how can the Cosmos ecosystem benefit from Comdex? Now, for the second part of your question, dApp builders and creators can easily build their dApps using our plug-and-play modules. Since these are customizable, Cosmos developers can build everything from peer-to-peer marketplace to lending protocols.
Apart from these, having a native stablecoin is essential for any DeFi layer. It needs to be the native currency of that ecosystem while also being IBC-enabled for cross-chain transactions.
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