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Title: Merger between CeFi and DeFi? CoinFlex WhitePaper 2.0 Post by: sigmaledger on May 31, 2021, 11:34:30 AM Hey Guys,
I was browsing around and I saw that CoinFlex (crypto/bitcoin derivatives exchange) released their new whitepaper for Flex 2.0. I've been following them and their exchange token (FLEX) for a while, as they have a pretty awesome derivatives exchange and interest-bearing stablecoin (flexUSD) - but a few things caught my eye: 1. They're opening up a DECENTRALIZED clearing and custody setup - meaning you can essentially connect your MetaMask/Digital Wallet and trade on their derivatives exchange with NO additional friction. No KYC. Nobody else offers that at the moment. 2. FlexUSD is currently the only on-chain interest-bearing stablecoin on the market, and they're planning on bringing it onto SmartBCH. The latter is essentially a smart contract chain that takes everything positive about ETH and adds in parallel processing - bringing block times and fees lower than we've seen with even Solana and BSC. It could be a chance to get in on the ground floor. 3. Normally it takes quite a bit of effort to be a market maker, but they have this neat DeFi product called AMM+ that essentially lets you deposit funds into their perp market and automates the process for you (in exchange for LP tokens, obviously). It essentially lets you earn from the takers on the exchange with no effort. :') I don't know about you guys, but this seems pretty neat. In my opinion CoinFlex has a lot of room to grow, and this could be huge. Title: Re: Merger between CeFi and DeFi? CoinFlex WhitePaper 2.0 Post by: Daltonik on June 24, 2022, 11:04:07 AM The funnel of the crypto crisis is dragging in more and more new players. So the CoinFLEX platform suspended the withdrawal of users' funds due to the extreme market situation and the unclear situation with the agent, which one is not specified, however, it is specifically stipulated that the company does not have credit institutions in its agents, and in particular 3 Arrows Capital. FLEX Coin trading in perps and spot has also been stopped in the short term. https://coinflex.com/blog/coinflex-update-on-withdrawals/
Let's hope that CoinFLEX has a whitepaper V3.0 in stock Title: Re: Merger between CeFi and DeFi? CoinFlex WhitePaper 2.0 Post by: Daltonik on July 01, 2022, 12:03:28 PM A week after the withdrawal was closed, CoinFLEX is still in a state of finding a way out of this situation and is trying to raise funds from the sale of rvUSD tokens (https://coinflex.com/blog/coinflex-update-june-30-2022/), it is not clear to whom they will sell it, but there are rumors that they planned to Roger Ver. https://www.cnbc.com/2022/06/29/crypto-exchange-coinflex-claims-roger-ver-is-behind-47-million-debt.html
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