Breaking User Barriers: The Development Bottlenecks of the Crypto Market and Solutions

The current blockchain and crypto market is facing an important challenge: despite decentralized technology giving rise to many powerful new products, the user base of these products remains limited to a small portion of people who have a deep understanding of the industry. The main reason for this situation is that ordinary users need to grasp complex concepts such as wallets, cross-chain bridges, and miner fees, which undoubtedly sets a high barrier to entry.

Although centralized exchanges provide a relatively convenient entry point for novice users, they cannot fully leverage the powerful network effects of decentralized ecosystems and open networks. Decentralized protocols can enable new products to be deployed faster than any centralized service, and this advantage continues to grow as the network expands.

Infinex: Attempts to Optimize User Experience

A poor user experience ( UX ) is a key factor hindering the large-scale application of blockchain technology. Existing decentralized products are powerful but have a high entry barrier, leading to a significant gap between users and products. Infinex aims to simplify the user experience and help more people enter the decentralized world.

This comprehensive DeFi platform is dedicated to unifying decentralized ecosystems and applications under an experience layer designed specifically for Web2 users. Through Infinex, this convenient front end allows users to enjoy the benefits of decentralized products without needing to delve into complex blockchain technology. This not only makes it easier for users to access various decentralized services, but also leverages the powerful effects of decentralized networks to attract more developers and users to join the ecosystem, driving the rapid emergence of innovative products and accelerating the mainstream adoption of blockchain technology.

On May 13, Infinex officially opened account creation and deposit channels, and announced that it will distribute 377 million governance points GP to all deposit users in the next 30 days. Currently, Infinex's total locked value across networks such as Ethereum, Arbitrum, Base, Solana, Optimism, and Polygon has exceeded 110 million USD, laying the foundation for its future development.

Main Innovations of Infinex

1. Enhance User Experience: Infinex adopts a referral link and trading fee rebate mechanism, generating a public-private key pair for each user and storing it in the browser, automatically signing transactions. These improvements make operations more convenient and lower the usage threshold.

2. Enhance liquidity and market attractiveness: Infinex plans to integrate with Synthetix Perps V3 to provide more efficient perpetual contract trading services. It supports multiple collateral types and improves capital efficiency while reducing the risks for liquidity providers by using stablecoins such as USDC.

3. Cross-chain expansion: Infinex supports transactions on multiple chains such as Ethereum, Optimism, Base, etc., expanding the user base and is expected to bring more trading volume and revenue.

4. Enhance Market Competitiveness: Infinex aims to compete directly with centralized exchanges by providing a similar user experience to attract users from CEX to DEX. Its seamless experience layer design further narrows the experiential gap between CeFi and DeFi.

Governance Mechanism of Infinex

As a decentralized application, Infinex has built a community-centric governance framework, in which governance points (GP) and Patron NFT play a key role.

Governance Points ( GP )

GP is a point system used to reward and incentivize community members, which can be obtained in various ways, such as participating in GP Farming, being active on community platforms, participating in governance meetings, etc. The main functions of GP include:

• Governance Participation: GP holders can participate in Infinex's governance voting.
• Redemption rewards: GP can be used to exchange for Patron NFT
• Community Incentives: Encourage users to actively participate in community activities by distributing GP.

Patron NFT

Patron NFT represents the contributor identity in Infinex and can be obtained by burning 200,000 GP. Its main functions include:

• Symbolizing contributor identity: Enhancing the holder's reputation and influence within the community.
• Participate in incentive programs: Rewards for members who make non-financial contributions to the protocol.
• Indirect participation in governance: Although it does not directly grant governance rights, it can influence community decisions through reputation.

Infinex "Whitelist Racing Event"

Infinex launched a 30-day "whitelist racing event" on May 13, with the main content as follows:

• Users can create accounts and deposit USDC.
• During the event, 377 million GP and some Patron NFTs will be distributed.
• The total supply of GP is limited to 630 million.
• Early deposits can earn more GP
• GP is linearly distributed to stakers based on the total locked value ( TVL ) ratio.

The Potential Value of GP

As an important review standard for accessing the official version of Infinex, GP may bring the following potential benefits to users:

1. Early access to the platform: GP holders may have priority access to experience when Infinex officially launches.

2. Participation in governance: GP grants holders voting rights within the Infinex ecosystem.

3. Exchange for Patron NFT: Every 200,000 GP can be exchanged for one Patron NFT, further enhancing the holder's status in the community.

4. Possible future economic incentives: Although Infinex currently states that it will not issue tokens, it may provide economic returns to GP holders in other ways in the future.

However, the actual value and potential of GP still need further validation. Infinex needs to provide users with a clearer long-term value proposition to maintain user interest and engagement with GP.

Conclusion

Infinex attempts to address the current barriers to entry for decentralized applications in the crypto market by optimizing user experience, enhancing liquidity, and enabling cross-chain expansion. Its innovative governance mechanisms and incentive measures show potential, but whether it can ultimately succeed will require time to validate. Whether Infinex can provide users with viable economic returns while maintaining its decentralized essence will determine its long-term development prospects in the DeFi space.