The Opportunity
Compared to the traditional financial derivatives market, the potential of DeFi derivatives is yet to be fully explored. In addition to offering leveraged trading, perpetual contracts, and option-based products, DeFi can use the programmable asset feature provided by smart contracts to represent derivative contracts as synthetic assets, broadening the forms and applications of DeFi derivatives. Theoretically, everything can be synthesized.
In this context, 0xInfinity was founded with the goal of pursuing a new development path for synthetic assets, thereby bridging the gap between digital currencies and the real financial world.
What is 0xInifinity？
0xInfinity is a synthetic asset trading platform with a DAO-governance mechanism, designed to be an essential Web3.0 derivatives infrastructure.
0xInfinity enables anyone to create synthetic assets (0xSynths) in a decentralized manner through over-collateralization, replicating the returns and volatility of real-world tradable assets, and freely buying and selling them.
How 0xInifinity work？
0xInfinity uses the XINF-BNB LP Token as its collateral and builds the corresponding synthetic asset 0xUSD via the “build/mint” smart contract module.
Builders can also return 0xUSD to the smart contract at any time to get back the corresponding collateral. If their collateral ratios remain above the rewards requirement percentage, 0xSynths builders can share the exchange fee dividends over time.
The newly generated 0xUSD can be used on the “0xInfintiy exchange” marketplace to trade 0xSynths. 0xSynths can represent NFT, commodities, foreign currencies, digital currencies, and other asset classes.
All trading prices are based on Oracle’s real-time price, users of all ecologies can enjoy unlimited liquidity and a slippage-free trading experience.
Users can also earn XINF token rewards by contributing liquidity. Liquidity mining rewards are obtained by forming trading pairs of 0xUSD and USDT and staking them in the liquidity pool of 0xInfinity.
The Benefits of using 0xInfinity
1.Multi-collateral support: LP, ONI, BNB and other mainstream assets are available as collateral
2. Diversified derivative assets: Trade commodities, forex, digital currencies, and even NFT fragment assets
3. Unlimited asset liquidity: Unlimited liquidity and zero slippage trading with a global debt position model.
4. 1:1 Payout Guarantee: 0xUSD guarantees a 1:1 conversion back to assets of the same value in USD
5. Trade Cross-chain assets: Helping quality project assets expand to more ecosystems through cross-chain functionality
XINF Token
XINF is 0xInfinity’s governance token, and it performs the following functions:
- Used as collateral for the creation of 0xUSD.
- Provide mining rewards for liquidity
- Governance through voting
- Dividend distribution
