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Ecosystem Update: DEXYNTH x Shardeum

Shardeum is thrilled to welcome DEXYNTH to its ecosystem. DEXYNTH is a DeFi synthetics trading protocol focused on providing exposure to assets that may be difficult to access otherwise. It will allow trading of more than 100 synthetic asset pairs including forex, stock, commodities, index, crypto, and NFTs using a USDT counterparty vault instead of specific liquidity for every asset. Low volatility and classic trading assets such as forex, stocks, or commodities not traded massively in the crypto environment would attract much more trading volume, as per DEXYNTH. It also uses real-yield staking which can provide rewards in the form of stablecoins.

Via the integration, Shardeum users will be able to trade multiple assets – not available on almost any other blockchain – on DEXYNTH’s very unique protocol. It also plans to integrate a (real-yield) DEX to have a high-leverage derivatives platform with stablecoin having APR and more.

Connect with DEXYNTH:

Disclaimer: In no event shall Shardeum Foundation, “licensor,” its associates, its employees, its contractors, its board members, and its partners be liable for any special, direct, indirect, incidental, exemplary, or consequential damages, expenses, lost profits, lost savings, business interruption, lost information, or any other damages arising out of the use or inability to use the Shardeum blockchain, its layer one technology, its derived or compiled software, or its source code, even if such party has been advised of the possibility of such damages and notwithstanding the failure of essential purpose of any remedy. In no event shall the licensor be liable under any theory of liability, whether in an equitable, legal, or common law action arising hereunder for contract, strict liability, indemnity, tort (including negligence), or otherwise, for damages which exceed $1,000 and notwithstanding the failure of essential purpose of any remedy.

Last Updated on August 18, 2023

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