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• Infinex, a Synthetix frontend designed to rival centralized exchanges, was announced by its founder Kain Warwick on July 14.
• The new Infinex interface will tackle three key obstacles: migrating users to Optimism, acquiring the sUSD stablecoin, and solving the need to sign every action.
• Infinex aims to streamline users’ DeFi experience while addressing prominent issues in the decentralized exchange (DEX) market.

Infinex Launches to Compete with Centralized Exchanges

Kain Warwick, founder of Synthetix, recently announced the launch of Infinex – a Synthetix frontend designed to rival centralized exchanges. The new platform is built on Optimism’s OP Mainnet and promises to improve user experience when it comes to DeFi transactions.

Tackling Key Obstacles

The main aim of Infinex is to improve user experience by tackling three key obstacles: migrating users onto Optimism; acquiring sUSD stablecoins; and solving the need for signing actions manually.

Improving User Experience

Warwick stated that his team’s approach was „nothing is sacred but the user experience“ – meaning they are determined to provide an improved way for users to interact with DeFi protocols. He also highlighted that Infinex has been designed with scalability in mind so that it can handle large numbers of transactions without compromising performance or speed.

Addressing Prominent Issues

Infinex is aiming at more than just providing a better UX – it seeks to address prominent issues within DEX markets such as liquidity and volatility, which can have an effect on traders’ profits. Additionally, Warwick said he hopes that Infinex will help bridge the gap between traditional finance and decentralized finance (DeFi).

Conclusion

In summary, Infinex offers a unique opportunity for traders who want an improved UX when trading within DeFi protocols as well as potential solutions for some of the problems facing DEX markets today. With its scalability and focus on user experience, it looks set be a great alternative option for those looking for more control over their financial activities in this space.