Kyros Ventures, a conglomerate consisting of many of the largest Vietnamese crypto communities, announced their partnership with FinNexus today. FinNexus is building a decentralized protocol for options and offering DeFi options liquidity mining through its FNX token, providing Vietnamese crypto traders with another platform focusing on DeFi development and yield farming opportunities.
The premier product for the FinNexus DeFi protocol stack is its Multi Asset Single Pool (MASP) DeFi options model. MASP is unique in today’s market allowing DeFi users a capital-efficient and gas-efficient means to hedge against BTC and ETH price risks by customizing their own options products. There is also a robust yield farming component to the FinNexus Protocol for Options (FPO).
To power their ecosystem, FinNexus has issued its own native FNX token with a max supply of 500,000,000 FNX. At present, circulating supply is only 14 million; and according to their tokenomics, amazingly, 70% of the total supply will be allocated to the community as mining incentives and DAO reserves. FinNexus puts its community first through DeFi options liquidity mining, whereby users can participate in FNX token mining on UniSwap as well as its soon-to-be-launched peer-to-pool options liquidity pool for BTC, ETH and other underlying assets.
FinNexus is implementing an open finance protocol that can power hybrid marketplaces that trade both decentralized and traditional financial products. Wanchain, as one of the foremost projects in the industry, is FinNexus’ founding partner. But FinNexus’ protocols are more than just Wanchain. The coming FPO v1.0 will be launched on Ethereum and Wanchain at the same time. FinNexus has also partnered with many famous crypto projects such as Band Protocol, Elrond and Kardiachain in order to deploy DeFi dApps and provide wider access to DeFi products.
FinNexus is focusing on its options protocol these days. They created the first decentralized BTC options platform on Wanchain earlier this summer. Their long-term mission is to create decentralized and secure financial products, bridging the gap between traditional and decentralized worlds. To do this, FinNexus will employ the tokenization of assets and allow the transactions between fiat currencies and digital assets on its platform through a network of connected exchanges, OTCs, agents and asset management agencies. Other products developed by the FinNexus team include Wandora Box, a prediction platform which uses WAN as the predicting asset for a variety of underlying assets, and Jack’s Pot, a no-loss lottery also on Wanchain. In terms of its competitors, FinNexus’ business model most closely resembles that of Hegic. At Kyros Ventures, we believe that the company’s MASP DeFi options model provides a competitive edge.
The partnership between Kyros Ventures and FinNexus establishes Kyros Ventures as FinNexus’ gateway to the Vietnamese market. Kyros Ventures will handle all marketing and branding operations for FinNexus, establish a FNX trading community in Vietnam, promote FNX solutions on our channels and the local media, and support further collaborations and integrations between the FinNexus team and other Vietnamese crypto organizations as they explore this highly promising market with huge potential.
Through this new endeavor, crypto traders in Vietnam will be introduced to a new platform that is focused on evolving finance in a decentralized way, allowing them to keep up with the ever-growing DeFi trends in the crypto world.
About Kyros Ventures
Kyros Ventures is a conglomerate of four of the largest crypto communities in Vietnam: Coin98, Tradecoin Vietnam, HC Capital and Coin68, which collectively have more than 100,000 active traders. Kyros Ventures is the gateway for international cryptocurrency projects to enter into the Vietnamese market. We aim to help projects achieve greater awareness and adoption thanks to our extensive network of partners and communities.
For further information, please visit: https://kyros.ventures
FinNexus is an open finance hub connecting assets, users, blockchains and service providers together. FinNexus is building a suite of open finance protocol clusters that will power hybrid marketplaces trading both decentralized and traditional financial products. The headline DeFi product is a fully decentralized options model that is live on both Ethereum and Wanchain, with a Multi Asset Single Pool (MASP) liquidity solution.
For further information, please visit: https://finnexus.io