2021-8-25 17:35 |
IX.Swap, a pioneering DeFi liquidity pool provider and automated market maker for tokenized stocks and security tokens, is debuting on the Cardano (ADA/USD) backed OccamRazer decentralized launchpad. So far, this is the only launchpad to be backed by official Cardano entities. The IX.Swap IDO (initial decentralized offering) is set to go live on September 8, 2021.
Amazing opportunity for passive returns on security tokensIX.Swap gives security token holders a unique opportunity for passive yields on their holdings by enabling them to become liquidity providers. This is achieved by collecting the security tokens in a liquidity pool in exchange for a portion of the pool fees.
Alice Chen, General Counsel and Co-Founder of IX.Swap, says:
“At IX.Swap, we have a vision of transforming the security token landscape significantly. According to leading banking experts, crypto and digital assets have the potential to replace fiat currencies within the next five years, and we firmly believe that security tokens will represent a similar seismic shift in the securities markets. We’re delighted to be working with OccamRazer, another DeFi innovator and Cardano-backed launchpad, to launch our $IXS initial decentralized offering.”
Swap is planning to launch core components on the Cardano blockchain. Its ultimate goal is to become the UniSwap of security tokens. It has a deflationary payment and utility token, ticker symbol $IXS, that will augment returns and reward users of the platform, introduce on-chain governance capabilities, and enable payments with IX.Swap partners.
Elliot Hill, Head of Communications at Occam.fi, says:
“Through IX.Swap’s upcoming IDO, yet another leader joins the OccamRazer ecosystem. We’re constantly reiterating our commitment to bringing quality projects to the Cardano ecosystem, and we’re excited to work alongside IX.Swap as they transform the security token landscape.”
Bridging the gap between CeFi and DeFiIX.Swap claims to be the missing link within blockchain infrastructure required to bring the tokenized stock industry and security token to life on Cardano in the wake of the Alonzo hard fork, which led to the release of smart contracts. IX.Swap intends to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi) with the lofty goal of becoming the biggest liquidity provider for security token exchanges around the world.
The post DeFi automated market maker IX.Swap debuts on Cardano-backed OccamRazer launchpad appeared first on Invezz.
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