Cryptex Finance Unveils Cryptex V2 — A Revolution in Decentralized Perpetual Markets, Powered by Chainlink’s Total Market Cap Feeds

We are thrilled to announce a significant leap forward in DeFi with the launch of Cryptex V2, our decentralized perpetual markets platform. We’ve integrated Chainlink’s Total Market Cap Data Feeds, making Cryptex V2 the only decentralized platform that enables DeFi users to long or short the entire Crypto Market Cap with up to 20x leverage.

Developed on Perennial’s infrastructure and backed by Chainlink data feeds, available exclusively on the Arbitrum network, Cryptex V2 offers unprecedented functionality in a secure, trustless setting.

Cryptex V2 Evolution: Backed by Chainlink’s Unwavering Support

Cryptex V2 stands as a testament to our commitment to innovation in the DeFi space. It provides users the ability to long or short the entire Crypto Market Cap with up to 20x leverage. Built upon the pioneering Perennial infrastructure and reinforced by Chainlink oracles, Cryptex V2 is exclusively available on the Arbitrum network, complemented by a robust incentives program.

Securing Trust: Cryptex V2 and Chainlink Total Market Cap Data Feeds

Our initial integration of Chainlink Oracles into Cryptex V2 has enabled us to provide reliable and transparent price feeds, assuring users they are accessing accurate and up-to-date data.

Expanding Cryptex V2 With Chainlink Oracles

• High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model generates more precise global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.
• Secure Node Operators — Chainlink Price Feeds are secured by independent, Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises with a strong track record for reliability, even during high gas prices and extreme network congestion.
• Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by the data provider or the oracle network.
• Transparency — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.

Embracing the Future: Cryptex V2 and the Evolution of DeFi

Cryptex V2 represents a turning point in the DeFi derivatives industry. We are transcending the initial stages of basic products with weak mechanisms and strong incentives, which have proved unsustainable for future growth and innovation. Our team has utilized Perennial’s advanced mechanisms to create a diverse suite of perpetuals that outperform existing DeFi derivatives solutions. Consequently, previously untradable indexes, like the Total Crypto Market Capitalization, can now be traded securely and trustlessly. The future of DeFi is here, and with Cryptex V2, we are leading the way.

“With the launch of v2, today marks a monumental day for the Cryptex DAO. DeFi users worldwide now have the ability to access fully decentralized Total Crypto Market Cap Perpetuals with up to 20x leverage. Starting with TCAP, the Cryptex DAO will continue building and releasing unique perpetual contracts as it continues its core mission of developing cutting edge tools for DeFi. ” — Joe Sticco, Co-Founder and DAO Contributor.

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Cryptex Finance

Cryptex Finance is a multi-network DeFi protocol. The protocol uses Ethereum smart contracts, Perennial derivatives vaults, and Chainlink data oracles to help provide secure and decentralized software for users. Available on Arbitrum.

For more information, please visit: https://v2.cryptex.finance/