Synthetix’s Infinex accounts will have cross-chain functionality, protected by password authentication and social login options
2024-05-13 10:51
Odaily News Infinex, a decentralized perpetual contract trading platform launched by Synthetix, has now launched the Infinex Account feature and opened the user waiting list process. The team pointed out that the main goal of Infinex is to lower the entry barriers to DeFi, such as complex wallet settings, asset bridging, and gas fees. Early access is based on granted deposits and governance points. Infinex accounts will have cross-chain capabilities and be protected by password authentication and social login options. This approach solves the main obstacles to using on-chain applications by abstracting the usual complexity. Infinex co-founder Kain Warwick emphasized that the platform's goal is to make it easier and simpler for all users to use DeFi applications: "Infinex will make it possible for everyone to use cryptocurrencies and get a wide range of on-chain trading options without relying on someone's centralized database and giving up control of their assets." (The Block) Earlier today, Infinex announced on the X platform that users can now create accounts and support deposits to earn governance points (GP).
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