Sep 01, 2022 11:10
Infinity Exchange, a decentralized finance (DeFi) platform on the Ethereum blockchain that provides for an Institutional Fixed Income protocol for traders, real money investors and yield farmers, has officially launched its Testnet.
Key milestone for DeFi
The testnet going live represents a key milestone for the DeFi industry, leading to greater institutional adoption buoyed by greater market mechanics, risk management tools and economic principles.
This will open up the space to investments worth trillions of dollars via asset tokenisation, heralding DeFi 2.0 and a crypto fixed income market that would be 100x bigger, Infinity Exchange noted in a press release shared with Invezz on Thursday.
The Infinity Exchange founder Kevin Lepsoe added:
“We’re introducing an institutional-quality interest rate protocol that aligns with theoretical finance, all while taking a comprehensive approach to risk management. In TradFi, institutional investors are more active in the fixed income markets than they are in the equity markets,”
As well as the testnet, Infinity Exchange is introducing DeFi’s first-ever complete yield curve, with the market set to benefit from both fixed and floating rates. The offering will enable investors to hedge their basis or rates risk as well as speculate over the entire maturity curve.
Infinity Exchange also seeks to offer access to multiple collateral that traders currently do not have access to in terms of yield generation, which could see an explosion in DeFi total value locked.
Commenting further on Infinity Exchange’s milestone and its importance to the crypto ecosystem, Lepsoe noted:
“If we want more institutional adoption in crypto, we need to first nail the fixed income markets and it starts here, at Infinity.”
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