Axie Infinity

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[PRESS RELEASE – London, England, 15th September 2022]
Infinity Exchange, a decentralized finance protocol that provides institutional grade capital efficiency for traders, yield farmers and global fixed income investors, has closed a $4.2 million seed round, paving the way for the institutionalization of DeFi.
The round was led by top-tier financial institutions, including market makers and funds GSR, SIG, CMS, C-Squared, and Flow Traders. Proceeds will be used to grow headcount and further develop Infinity’s product offerings, including fixed and floating rate markets, as well as futures and spot trading markets, eventually forming the first complete financial markets protocol in DeFi.
Founded by ex-Morgan Stanley Head of Structuring, Kevin Lepsoe, Infinity Exchange, with its litepaper, is the foundational interest rates and risk management protocol enabling institutional investor participation in DeFi. Developed on Ethereum, Infinity’s hybrid protocol incorporates well-established mechanics from traditional financial markets and is capable of handling the trading of trillions of dollars of assets that will be tokenized in the new, institutionalized world of DeFi (“DeFi 2.0”).
“Crypto interest rates or Lending Protocols have been built in isolation and on economically weak foundations that do not align with the core tenets of traditional finance. To gain institutional adoption, we need to completely rebuild these foundations, change the narrative, and show market participants through our protocol that Lending, Interest Rates, and Credit Risk Management must work in concert for a robust crypto financial system to flourish,” said Lepsoe.
Critical Infrastructure for DeFi 2.0
Infinity Exchange debuts market-driven floating interest rates used for both lending and borrowing, to form the crypto industry’s benchmark interest rates. Coupled with fixed interest rates, Infinity pioneers the first full crypto yield curve where liquidity can flow evenly across all maturities, and investors holding Complex Tokens have easy access to financing.
Fixed Income Markets Key for DeFi
Traditional fixed income markets are substantially larger than their equity counterparts, yet in crypto markets, it’s the reverse with spot or token swapping markets being 100 times greater than lending counterparts. This highlights the nascency and inefficiency of lending protocols in today’s DeFi (“DeFi 1.0”) and market recognition that DeFi 1.0 has failed to fully properly price, deliver, and integrate the time-value of money for investors.
“The majority of lending protocols that exist today are designed to bypass limitations in network architecture and virtual machine constraints, but not true deficits in capital markets. Utilization-based lending is likely going to become antiquated quickly, owing to the disparity between the true on-chain and off-chain cost of capital,” said C-Squared, in a statement.
Pioneering Interest Rate Arbitrage
Infinity Exchange enables borrowing and lending supported by a comprehensive risk management system running market-derived risk-measures and protocol-based analytics, including value-at-risk. Beyond major cryptocurrencies, Infinity provides financing against “Complex Tokens,” including Aave’s aTokens, Compound’s cTokens, Uniswap V3 LP Tokens, and Curve LP Tokens. Infinity Exchange has pioneered the ability for investors to deposit Complex Tokens, borrow against them, and iterate the process facilitating large-scale interest rate arbitrage in DeFi for the first time.
“Building out a complete yield curve with both floating and fixed rates will unlock new use cases and pockets of liquidity for the crypto markets. Infinity’s success should effectively lower volatility and add stability to the larger DeFi ecosystem. We believe Infinity has the right team to execute on this mission and look forward to supporting them as they progress,” said CMS Holdings in a statement.
Infinity Exchange launched its testnet in September 2022 and is currently in pilot with select institutional investors. They are also looking to provide a smart contract interface to their credit risk management system so that other protocols may offer much greater capital efficiency to their end users – a smart-contract-enabled risk-management as a service feature or Risk Management Protocol.
“A crypto yield curve will allow for a more robust suite of products around stablecoins, ultimately helping lower crypto volatility and helping pave a way for more traditional institutional investors. While most protocols offer either a fixed rate or floating rate product, Infinity Exchange tackles fixed rates, floating rates, and collateral/risk management to build a fully integrated yield curve solution. Utilizing past experiences as both a second time entrepreneur and as an ex-head of Structuring at Morgan Stanley, in Kevin we saw a founder aptly suited to build a DeFi market that institutions can embrace,” said Vir Anand, Investor at SIG DT Investments, in a statement.
About Infinity Exchange
Infinity Exchange is a hybrid interest rate protocol on Ethereum that’s building the foundation for the next generation of DeFi. Developed by veteran traders, quants, and financial engineers, Infinity marries theoretical finance with distributed ledger technology and enterprise-grade risk management to enable broad institutional investor adoption.
The post Infinity Exchange Raises $4.2M Seed to Accelerate Institutional DeFi Investments appeared first on CryptoPotato.

[PRESS RELEASE &#8211; London, England, 15th September 2022] Infinity Exchange, a decentralized finance protocol that provides institutional grade capital efficiency for traders, yield farmers and global fixed income investors, has closed a $4.2 million seed round, paving the way for the institut...

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Infinity Exchange Raises $4.2M Seed to Accelerate Institutional DeFi Investments


September 15, 2022 – London, England


Infinity Exchange, a decentralized finance protocol that provides institutional-grade capital efficiency for traders, yield farmers and global fixed income investors, has closed a $4.2 million seed round, paving the way for the institutionalization of DeFi.

The round was led by top-tier financial institutions, including market makers and funds GSR, SIG, CMS, C-Squared and Flow Traders. Proceeds will be used to grow headcount and further develop Infinity’s product offerings, including fixed and floating rate markets, as well as futures and spot trading markets – eventually forming the first complete financial markets protocol in DeFi.
Founded by ex-Morgan Stanley head of structuring Kevin Lepsoe, Infinity Exchange, with its litepaper, is the foundational interest rates and risk management protocol enabling institutional investor participation in DeFi.
Developed on Ethereum, Infinity’s hybrid protocol incorporates well-established mechanics from traditional financial markets and is capable of handling the trading of trillions of dollars of assets that will be tokenized in the new, institutionalized world of DeFi (‘DeFi 2.0’).
Lepsoe said,
“Crypto interest rates or lending protocols have been built in isolation and on economically weak foundations that do not align with the core tenets of traditional finance. To gain institutional adoption, we need to completely rebuild these foundations, change the narrative and show market participants through our protocol that lending, interest rates and credit risk management must work in concert for a robust crypto financial system to flourish.”
Critical infrastructure for DeFi 2.0
Infinity Exchange debuts market-driven floating interest rates used for both lending and borrowing to form the crypto industry’s benchmark interest rates. Coupled with fixed interest rates, Infinity pioneers the first full crypto yield curve where liquidity can flow evenly across all maturities and investors holding ‘complex tokens’ have easy access to financing.
Fixed income markets key for DeFi
Traditional fixed income markets are substantially larger than their equity counterparts. Yet in crypto markets, it’s the reverse with spot or token swapping markets being 100 times greater than lending counterparts. This highlights the nascency and inefficiency of lending protocols in today’s DeFi (‘DeFi 1.0’) and market recognition that DeFi 1.0 has failed to fully properly price, deliver and integrate the time-value of money for investors.
C-Squared said,
“The majority of lending protocols that exist today are designed to bypass limitations in network architecture and virtual machine constraints but not true deficits in capital markets. Utilization-based lending is likely going to become antiquated quickly, owing to the disparity between the true on-chain and off-chain cost of capital.”
Pioneering interest rate arbitrage
Infinity Exchange enables borrowing and lending supported by a comprehensive risk management system running market-derived risk measures and protocol-based analytics including value-at-risk. Beyond major cryptocurrencies, Infinity provides financing against complex tokens, including Aave’s aTokens, Compound’s cTokens, Uniswap V3 LP tokens and Curve LP tokens.
Infinity Exchange has pioneered the ability for investors to deposit complex tokens, borrow against them and iterate the process facilitating large-scale interest rate arbitrage in DeFi for the first time.
CMS Holdings said,
“Building out a complete yield curve with both floating and fixed rates will unlock new use cases and pockets of liquidity for the crypto markets. Infinity’s success should effectively lower volatility and add stability to the larger DeFi ecosystem. We believe Infinity has the right team to execute on this mission and look forward to supporting them as they progress.”
Infinity Exchange launched its testnet in September 2022 and is currently in pilot with select institutional investors. They are also looking to provide a smart contract interface to their credit risk management system so that other protocols may offer much greater capital efficiency to their end users – a smart contract-enabled risk-management as a service feature or risk management protocol.
Vir Anand, investor at SIG DT Investments, said,
“A crypto yield curve will allow for a more robust suite of products around stablecoins, ultimately helping lower crypto volatility and helping pave a way for more traditional institutional investors. While most protocols offer either a fixed rate or floating rate product, Infinity Exchange tackles fixed rates, floating rates and collateral/risk management to build a fully integrated yield curve solution.
“Utilizing past experiences as both a second-time entrepreneur and as an ex-head of structuring at Morgan Stanley, in Kevin we saw a founder aptly suited to build a DeFi market that institutions can embrace.”
About Infinity Exchange
Infinity Exchange is a hybrid interest rate protocol on Ethereum that’s building the foundation for the next generation of DeFi. Developed by veteran traders, quants and financial engineers, Infinity marries theoretical finance with distributed ledger technology and enterprise-grade risk management to enable broad institutional investor adoption.
Contact
Infinity Exchange
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post Infinity Exchange Raises $4.2 Million Seed Round To Accelerate Institutional DeFi and Create the Next Trillion-Dollar Market appeared first on The Daily Hodl.


September 15, 2022 – London, England Infinity Exchange, a decentralized finance protocol that provides institutional-grade capital efficiency for traders, yield farmers and global fixed income investors, has closed a $4.2 million seed round, paving the way for the institutionalization of DeFi. Th...

dailyhodl.com

Infinity Exchange Raises $4.2 Million Seed Round To Accelerate Institutional DeFi and Create the Next Trillion-Dollar Market

Ethereum (ETH)-competitor Cosmos (ATOM) is surging as the crypto markets spark a comeback led by the leading digital asset Bitcoin (BTC) and a handful of metaverse tokens.
Cosmos, which is a layer-1 blockchain, rose from a seven-day low of $11.67 on September 6th to $16.54, a staggering 41.7% increase.

ATOM has since stabilized and is changing hands for $16.09 at time of writing, a 21% increase during the last day. Metaverse tokens are also riding the rising crypto wave as ApeCoin (APE), the native token of the Bored Ape Yacht Club community, surged nearly 15% on the day.
APE rose from a week-low of $4.21 on September 6th to a peak of $5.26, a 25% increase. APE has since dipped and is moving for $5.10 at time of writing.
Another coin on the rise is smart contract platform Flow (FLOW), which last month announced a partnership with social media giant Meta to bring non-fungible tokens (NFTs) over to photo-sharing platform Instagram.
Flow too rose from its week-low of $1.75 set on September 6th to a peak of $2.15, a 23% increase.
The Ethereum challenger has slightly decreased and is now valued at $2.13.
Gaming altcoin Axie Infinity (AXS) is also rallying as it saw a 7.3% increase during the last 24 hours. AXS is trading for $14.89 at time of writing. Though the token is seeing green, it has crashed a whopping 80% from its 2022 high of $71.44 set in March.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/klyaksun/WindAwake
The post Major Ethereum (ETH) Competitor Makes Cosmic Leap As Metaverse Tokens ApeCoin, Flow, and Axie Infinity Rally appeared first on The Daily Hodl.


Ethereum (ETH)-competitor Cosmos (ATOM) is surging as the crypto markets spark a comeback led by the leading digital asset Bitcoin (BTC) and a handful of metaverse tokens. Cosmos, which is a layer-1 blockchain, rose from a seven-day low of $11.67 on September 6th to $16.54, a staggering 41.7% inc...

Major Ethereum (ETH) Competitor Makes Cosmic Leap As Metaverse Tokens ApeCoin, Flow, and Axie Infinity Rally

A blockchain data platform company says about $30 million from the $600 million hack of Axie Infinity (AXS) in March is now in the hands of law enforcement.
North Korean-linked hackers, known as the Lazarus Group, are responsible for the theft from the online blockchain-based video game Axie Infinity, says Erin Plante, senior director of investigations at Chainalysis.

Plante says Chainalysis is participating in the hack investigation along with law enforcement and other cryptocurrency leaders.
“I am proud to say that the Chainalysis Crypto Incident Response team played a role in these seizures, utilizing advanced tracing techniques to follow stolen funds to cash out points and liaising with law enforcement and industry players to quickly freeze funds.”
In a blog post, Plante lays out details of the hack through the Ronin Network, a sidechain made for Axie Infinity, efforts to launder the stolen funds and strategies around the retrieval of the money.
“The attack began when the Lazarus Group gained access to five of the nine private keys held by transaction validators for Ronin Network’s cross-chain bridge. They used this majority to approve two transactions, both withdrawals: one for 173,600 ether (ETH) and the other for 25.5 million USD Coin (USDC). They then initiated their laundering process – and Chainalysis began tracing the funds.”
The fate of the remaining stolen funds remains unclear.
“Much of the funds stolen from Axie Infinity remain unspent in cryptocurrency wallets under the hackers’ control.”
Still, Plante celebrates the seizure as proof blockchain technologies are becoming safer and criminals will face consequences.
“There is still work to be done, but this is a milestone in our efforts to make the cryptocurrency ecosystem safer.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Banauke
The post Chainalysis and Law Enforcement Seize $30,000,000 Worth of Crypto Stolen in Axie Infinity (AXS) Hack appeared first on The Daily Hodl.


A blockchain data platform company says about $30 million from the $600 million hack of Axie Infinity (AXS) in March is now in the hands of law enforcement. North Korean-linked hackers, known as the Lazarus Group, are responsible for the theft from the online blockchain-based video game Axie Infi...

Chainalysis and Law Enforcement Seize $30,000,000 Worth of Crypto Stolen in Axie Infinity (AXS) Hack

A popular crypto trader says that the native asset of the lending and borrowing platform Aave (AAVE) may surge to around $300 by the second quarter of 2023.
Altcoin Sherpa tells his 182,700 Twitter followers that buying AAVE as it trades sideways could be an absolute steal given the huge upside potential.

“AAVE: Eventually this is going to be an absolute steal at these prices. 
-Most of the emissions are out already/not much more sell pressure relatively
-Huge TVL [total value locked] still
-Still one of the best bluechip DeFi [decentralized finance] coins
-Long history of being battle tested.
Wait for consolidation.”
Source: AltcoinSherpa/Twitter
At time of writing, the decentralized finance (DeFi) altcoin is changing hands for $88.30, up 2% on the day.
He says the governance token of the decentralized lending platform Compound (COMP) also offers active traders potentially favorable returns. The crypto asset is up 1% in the past 24 hours, currently trading for $48.50.
“Even though most DeFi tokens died since 2021, there are still lots of good opportunities for active traders. An example is COMP, which has had several bear market rallies.
That said, if you’re a passive investor, best to just scale into BTC and ETH [in my opinion].”
Source: AltcoinSherpa/Twitter
The trader is cautious about buying the token of the non-fungible token (NFT)-based gaming platform Axie Infinity (AXS) citing uncertainties in this crypto sector. The token is valued at $13.77 at time of writing, a nearly 3% positive change on the day.
“AXS: Haven’t looked at this chart in a while. I do think gaming is going to be very strong in the future but unsure how the [play-to-earn] narrative will go. [To be determined] if this is accumulation or just another pause before one more leg down, the trend is still bearish so I wouldn’t rush in.”
Source: AltcoinSherpa/Twitter
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Catalyst Labs/Voin_Sveta
The post Crypto Trader Says One DeFi Altcoin Is an ‘Absolute Steal’, Updates Outlook on Compound and Axie Infinity appeared first on The Daily Hodl.


A popular crypto trader says that the native asset of the lending and borrowing platform Aave (AAVE) may surge to around $300 by the second quarter of 2023. Altcoin Sherpa tells his 182,700 Twitter followers that buying AAVE as it trades sideways could be an absolute steal given the huge upside p...

Axie Infinity price	$12.75
Low - High 24H	$12.69 - $13.06
Market cap	$1.16B
Volume 24H	$45.99M
All time high	$164.90 -92.29% November 6th 2021
All time low	$0.123718 10169.91% November 6th 2020
Genesis date	N/A

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