Comdex (CMDX)

Comdex is an interchain DeFi infrastructure layer housing a suite of composable solutions on-chain.

Comdex dApps

1. cSwap DEX

• Decentralized exchange for swapping, trading, and farming tokens.
• Uses AMM liquidity pools that bring cross-chain markets and limit orders.
• Unique concept of Master & Child pools: Liquidity in child pools is incentivized through external rewards. In contrast, equal liquidity in master & child pools is incentivized through internal and external rewards.

2. Harbor Protocol / Composite Money $CMST stablecoin

• $CMST is an over-collateralized stablecoin backed by interchain assets.
• Harbor Protocol is the platform to mint $CMST.
• $HARBOR is the governance token of $CMST.
• HARBOR is not used as collateral to mint $CMST, maintaining solvency.
• Users holding interchain assets can lock them as collateral to generate $CMST as debt through Vaults.
• $CMST holders can earn fixed interest rates by depositing $CMST into the Locker module.
• Vault key parameters include minimum borrow amount, minimum collateralization ratio, and debt ceiling.

3. Commodo

• IBC-native lending and borrowing platform.
• Introduces the concept of isolated money markets with bridged assets.
• Limits pairings to bridged assets, concentrating liquidity and reducing risks for single lending pairs.

Role of CMDX in the Cosmos Ecosystem

• CMDX, the native token of the chain, powers the network’s staking economy. Transaction fees and CMDX staking help secure the network.
• CMDX holders participate in the governance of the protocol, making decisions like whitelisting of synthetic and collateral assets.
• Comdex synthetics app users can collateralize their CMDX holdings to create and trade synthetic cAssets on Comdex.
• CMDX tokens will be distributed as rewards to liquidity providers and participants who perform critical network functions.
• CMDX tokens will be minted and burned to maintain the stability of cAssets in the network and ensure the solvency of the network’s net debt.

How Many CMDX Coins Are in Circulation?

The Comdex Mainnet went live on November 20, 2021, with a genesis supply of 100,000,000 CMDX. 12.5% of the genesis supply (12,500,000 CMDX) was circulated at launch. CMDX is inflationary, with an initial inflation rate of 30% for the first year and a 25% reduction in the inflation rate each year, with a maximum supply capped at 200,000,000 CMDX.

Who Are the Founders?

Abhishek Singh (CEO) and Siddarth Patil (COO) are the founders of Comdex. Abhishek Singh, an engineer by trade, worked as a Business Intelligence Consultant before founding Comdex. Siddarth Patil previously worked in Investment Banking, Wealth Management, and Management Consulting. The Comdex team has grown to 25 members, with professionals from top institutes and diverse backgrounds.

Where Can I Buy CMDX?

CMDX is listed on the Osmosis zone and will soon be available on several DEXs and CEXs.