- Kain Warwick, the founder of Synthetix, introduced Infinex.
- Barriers like as asset bridging, wallet setup, and gas fees are abstracted away by Infinex.
- It seeks to lower the typical obstacles related to decentralized finance.
Infinex, a front-end website that combines decentralized banking apps into a single, user-friendly layer, was launched by Kain Warwick, a co-founder of Synthetix.
The launch includes the “Infinex Account,” for which there is now a user queue process.
The developers stated that the platform seeks to reduce the usual obstacles to entry for DeFi, including difficult wallet setups, asset bridging, and gas costs. The granting of deposits and governance points determines early access.
The Infinex Account is secured via passkey authentication and social sign-in options, and it will have cross-chain capabilities. According to the team, this method can remove common obstacles to the use of onchain applications by abstracting away common complications.
The goal of the platform, according to Infinex co-founder Kain Warwick, is to make decentralized finance easier and more approachable for all users.
According to Warwick, Infinex will enable everyone to use cryptocurrencies and take advantage of the vast array of alternatives available through onchain trading without having to rely on a single, centralized database or give up control over their assets.
Synthetix, which has deposits locked on the protocol worth about $500 million, will coexist with the platform. Wil Johnston is a co-founder of the initiative.
Six blockchains are now supported by the new platform’s initial networks: Ethereum, Solana, Polygon, Arbitrum, Optimism, and Base.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
