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Demex's new permissionless money market allows traders to lend, borrow and liquidate on the Cosmos ecosystem, providing a DeFi solution to a TradFi problem. SINGAPORE, Dec. 27, 2022 /PRNewswire/ Demex, a multi-chain decentralized exchange built on Carbon, developed by Switcheo Labs, has launched Nitron, a non-custodial money market. Nitron is the biggest money market in Cosmos. Users can now participate as lenders, borrowers or liquidators on loans permissionlessly. Nitronsupports different assets from the most popular blockchains such as Ethereum, Binance Smart Chain, Cosmos Hub, Neo, and more. Anyone can lend out their idle assets to earn a passive income, while borrowers are able to borrow this liquidity to improve capital efficiency. Currently, it is difficult for users to hedge their exposure to certain Cosmos ecosystem tokens. By creating a permissionless money market, users can hedge their exposure or take short positions, while allowing others earn interest fees on their i

Samyukta narasimhanDemex or decentralized mercantile exchangeSwitcheo labsBinance smart chainCosmos hubStride zoneLiquid staking assetsLiquid staking derivativesDecentralized mercantile exchangeDemex 39s new permissionless money market allows traders to lendOrrow and liquidate on the cosmos ecosystemRovidinga defi solution toa tradfi problem singaporeDec 27022 prnewswire demexA multi chain decentralized exchange built on carbonEveloped by switcheo labs