• Infinex, a Synthetix frontend designed to rival centralized exchanges, was announced by its founder Kain Warwick on July 14.
• Infinex serves as a frontend to the existing derivatives liquidity protocol Synthetix, which operates in part on Optimism’s OP Mainnet.
• Infinex aims to improve user experience while addressing prominent issues in the decentralized exchange (DEX) market.
Infinex: A New Exchange Rivaling Centralized Exchanges
Infinex, a Synthetix frontend designed to rival centralized exchanges, was announced by its founder Kain Warwick on July 14. The new exchange intends to serve as a frontend with an improved user experience for the existing derivatives liquidity protocol Synthetix.
What Does Infinex Aim To Do?
The primary goals of Infinex are to migrate users to Optimism’s OP Mainnet, acquire sUSD stablecoins and solve the need for users to sign off on every action they take. By improving user experience and tackling these obstacles, Infinex hopes to offer an alternative platform for decentralized finance (DeFi) transactions that rivals centralized exchanges.
Approaching User Experience Differently
Warwick said that their approach is simple: “Nothing is sacred but the user experience” when it comes to building out this interface. He also highlighted plans for additional features such as staking and bets/predictions built into the platform as well as providing low latency access and real time orderbook updates through websockets.
Features & Benefits
Aside from providing a better user experience than current DEXs, Inflex will also offer additional features such as staking and bets/predictions built into the platform as well as providing low latency access and real time orderbook updates through websockets. This will make it easier for users to quickly enter into trades without long wait times or excessive fees incurred due to intermediary services such as gas costs or trading fees required by other DEXs.
By introducing these improvements in usability and features along with their overall goal of offering an alternative platform for DeFi transactions that rivals centralized exchanges, Inflex is positioning itself at the forefront of innovation within this space. It remains yet unseen how successful this launch will be but should prove interesting nonetheless given its potential implications within the industry moving forward