DeFi Exchange Infinex Announces Launch Date

After several setbacks, decentralized finance (DeFi) platform Infinex will officially launch on May 13.

Cain Warwick, founder of Synthetics, announced this. This follows the delay of the much-anticipated initial target of the fourth quarter of 2022.

The date of Infinex disclosure

Infinex has introduced a new approach to DeFi, combining traditional web interfaces with blockchain technology to enhance user experience. This DeFi platform aims to enable merchants to seamlessly interact with multiple decentralized applications across multiple blockchains. These include Ethereum, Base, Optimism, Polygon, Arbitrum and Solana.

Infinex's unique selling point is the Infinex account, which Warwick describes as “a collection of cross-chain smart contracts.” These can be securely controlled and returned to reduce the typical friction associated with standard Web3 interfaces. Of course, users can access their accounts through popular Web2 portals such as Google Account.

“Infinex's core mission is to accelerate adoption across the chain. To do this, we're consolidating decentralized ecosystems and applications under a single UX layer, built specifically for a Web2 audience, Warwick wrote.

He also pointed out that Infinex will provide creative engagement through a point-farming game scheduled a month after launch. This game allows users to earn management points by logging into their account.

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Security concerns were especially important for Infinex following a security breach due to a social engineering attack. This event accelerated the overall maintenance of the system. Regardless, Warwick confidently declares that the rebuilt stage is “one of the safest environments I've ever worked in.”

Looking forward, Warwick is optimistic about the platform's growth. Infinex hopes to see $50 million in gross revenue and 10,000 active users within the first month after launch. These figures are based on the reality of a 200,000 strong waiting list, although many realize that they must be genuine users.