The edgeX project introduced a DeFi ecosystem and announced the token issuance.

The DeFi project edgeX has introduced an ecosystem for tokenized assets and margin trading, as well as announced the issuance of a governance coin. This is reported in a press release.

The edgeX team has not provided allocations for external funds — the only way to obtain tokens will be to participate in the edgeX Points program, which rewards active users and community participants.

The EdgeX team has developed a comprehensive solution based on three components:

• decentralized exchange edgeX Exchange;
• Ethereum-based L2 solutions called edgeX Chain;
• on-chain asset management strategy edgeX eStrategy, which combines DeFi and CeFi approaches to enhance capital efficiency and generate returns.

All funds are stored in smart contracts, access to which is only provided through user wallets. The platform does not require KYC.

"Transactions are verified using ZK*-proofs and are calculated on Ethereum, which makes the data open for verification and protected from forgery. Independent decentralized oracles provide mark price, protecting traders from manipulation and forced liquidations. Even if the frontend is unavailable, users can trade or withdraw funds directly from smart contracts," commented the project’s representatives.*

According to the developers, edgeX Exchange is capable of processing up to 200,000 orders per second with a latency of less than 10 ms. The platform already supports advanced trading features, including trailing take-profit and stop-loss.

The first on-chain storage is already distributing profits from market making and fees with a declared annual yield of 197%. In the future, the project’s income will be received by coin holders.

Previously, ForkLog analyzed the features of Fusaka ― the planned Ethereum update at the end of the year.