Cryptex V2 Set to go Live on Arbitrum with Up to 20x Leverage on the Entire Crypto Market

Cryptex V2 Phase 1 With 1,000 $CTX

Cryptex Finance v2 is set to launch on Arbitrum with decentralized perpetual markets that will allow users to long or short the entire crypto market cap up to 20x leverage. The v2 platform is built on Perennial labs infrastructure. However, Cryptex Finance v2 will only be available in certain jurisdictions.

Cryptex DAO will own and operate the platform, with revenue going entirely to the DAO Treasury, with $CTX used only for Decentralized Autonomous Organization (DAO) governance and voting. The DAO will be rolling out v2 in stages and plans to incentivize usage of v2 for the ecosystem through its partnership with Arbitrum.

For the nomination of stage 1 of the v2 allow list, opening on April 3, 2023, you must hold 1,000 $CTX governance tokens. Dates and criteria for stage 2 and stage 3 are yet to be announced.

During the recent $ARB airdrop by Arbitrum Foundation, the Cryptex DAO received 75,000 $ARB tokens from the Arbitrum Foundation.

Cryptex Finance has also recently integrated Chainlink NFT Floor Price Feeds to access accurate and reliable NFT floor price data.

However, the protocol's first integration and application of Chainlink's oracle services was with TCAP.  TCAP is a fully decentralized ERC-20 compatible smart contract that tokenizes real-time Total Market Capitalization from ALL cryptocurrencies and tokens listed on the largest crypto data providers in the world.

Cryptex Finance (CTX) is trading at $1.66, down 5.72% in 24 hours. 

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What is Cryptex Finance:

Cryptex Finance is a multi-network DeFi protocol that allows Crypto and NFT users to access fully decentralized index tokens easily. The protocol creates trustless indexes for users worldwide by utilizing Ethereum smart contracts, over-collateralized vaults, and Chainlink data oracles.

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Learn more about Cryptex Finance:

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