“EMDX Subnet Countdown: Institutional DeFi Derivatives Ready to Ignite”
Delivering on Our Promise: Milestone achievement!
As we approach the final phase of EMDX’s Subnet operations, we’re excited to take you on a journey through our transition plan, ensuring a smooth shift. Each milestone we’ve reached has been shared with our valued community, and this transition marks a significant step forward. We’re delighted to announce that the EMDX subnet is on the horizon, bringing with it a host of impressive and innovative features.
Navigating the Migration Process
Switching our operations to the EMDX Subnet infrastructure is no small feat. This process involves not only upgrading the protocol itself but also establishing an entirely new infrastructure. To make this transition as smooth as possible, we’ve developed a comprehensive roadmap consisting of five key stages. At each stage, we introduced major upgrades while implementing specific measures to uphold the safety and security of your trading experience.
Here’s a brief overview of the steps we have taken following our roadmap:
- Activation of EMDX Subnet Testnet Stage 1: We kicked things off by activating the EMDX Subnet Testnet so users can test the new environment.
- Wind Down of Crypto Pairs Operations on C-Chain: As we gear up for the Subnet, we gradually reduced to zero our crypto pairs operations on the C-Chain.
- Activation of EMDX Subnet Testnet Stage 2: There was also a full testing process and system refinement on the Subnet.
- Full Deactivation of EMDX’s Operations on C-Chain: As we approached the final phase, operations on the C-Chain are being completely deactivated.
- Full Activation of EMDX’s Subnet Operations: The grand finale, where the Subnet is going live in its full execution mode.
Deepening our mission through RWA derivatives.
As part of our commitment to advancing DeFi, we’re optimizing our product offering by increasing perpetuals and derivatives on RWA. This shift allows us to focus on our core mission: bringing derivatives on traditional and emerging market-related assets to the forefront of DeFi.
These assets hold immense potential, and we believe they are the future of financial markets.
Our first step in this direction involves listing perpetuals on FX, including the Turkish Lira, the Brazilian Real, and the Argentine Peso. We’re excited to provide you with access to these new markets and opportunities.
The partnership with leading companies in the Tradfi industry enables us to direct our resources, expertise, and innovation toward building a robust ecosystem for these assets. By doing so, we’ll deepen liquidity, enhance trading experiences, and create a stronger marketplace for all users.
Next-gen features included in EMDX v2.
We are also thrilled to unveil some remarkable charateristics that will accompany EMDX v2. They were thought to attract traditional financial players while enhancing the whole ecosystem. Take a look at what is upcoming soon.
Orderbook Exchange model
Emdx strives to position itself as a leading-edge contender for traditional exchanges, implementing a new era of decentralized order book model. Through its decentralized orderbook (DOB) foundation to trade RWA, the protocol pioneers once again a realm where users gain access to unparalleled order types and advanced trading techniques that parallel those commonly found in traditional financial systems.
Web3 Futures contracts
Perpetual swaps have emerged as a pioneering example of derivative products in the DeFi industry. However, beyond its borders, they keep remaining an enigmatic financial instrument for most traditional finance operators. EMDX protocol is looking to chart a path towards innovation by introducing a new era of WEB3 future contracts, also known as maturity or fixed future contracts. These contract types are significantly more familiar to traditional traders worldwide, thereby simplifying their entry and engagement with the ecosystem.
Closing thoughts
We strongly believe that the features integrated into EMDX v2 will serve as the cornerstone of a novel and revolutionary trading paradigm, setting the pace for the next generation of web3 exchanges, where derivatives on RWA will effortlessly be accessible to individuals worldwide
We deeply appreciate your support and trust throughout this upgrade process. Our team is working tirelessly to provide you with an improved trading environment. If you have any questions or concerns, don’t hesitate to reach out to our support team.
Thank you for being a vital part of the EMDX community. Together, we’ll elevate decentralized finance to new heights! 🚀 #EMDXUpgrade #DeFi #Crypto #FinanceFuture
Stay tuned for more!
