Flux and Kaddex partner to deliver a true Web 3.0 Defi experience
KADDEX will fulfill its promise of being a truly decentralized platform by leveraging the powerful Flux network. Using Flux decentralized infrastructure KADDEX becomes the only truly decentralized Defi platform and a frontrunner in Web 3.0. The Flux infrastructure is decentralized, scalable, and resilient, thus providing KADDEX with all the benefits of being Web 3.0 ready.
Flux has partnered with KADDEX to deliver decentralized infrastructure for their ambitious and one-of-a-kind decentralized finance application. By running KADDEX on Flux it becomes a truly decentralized Web 3.0 application. It is a great example of the potential of Web 3.0 and what great things can come from being committed to delivering truly decentralized technology.
The challenge of decentralization.
While blockchain is unique and revolutionized, one major issue is holding it back. Most of the infrastructure utilized is running on Web 2.0, meaning centralized infrastructure like Amazon Web Services, Microsoft Azure, or Google Cloud.
We all love Decentralized Finance (Defi) or Non-fungible Tokens (NFT) and the many great applications and trade platforms running on blockchain, but what happens if the hosting providers pull the plug on them? Where are the Front-ends of your Defi platforms hosted? On which server is your precious NFT? Can you trust them to keep the lights on?
This is why decentralized infrastructure is needed. If we don’t get our favorite blockchain-powered application off the Web 2.0 centralized hosting, then we will never have a truly decentralized Web 3.0.
KADDEX — a true Web 3.0 application.
The awesome people at KADDEX realized this right off the bat and have promised to deliver a Defi platform like no other. KADDEX is built on the Kadena blockchain and is a Defi application that will allow everyone to participate in liquidity pools (LP), swapping, staking, and building using state-of-the-art Defi tools.
KADDEX aims to be the best decentralized Defi platform by:
- Having zero gas fees, forever
- The best LP rewards.
- The fastest settlements.
- DAO governance.
- Decentralized infrastructure.
- Great staking opportunities.
- Multi-protocol support.
To make KADDEX truly decentralized they will utilize the robust decentralized Flux network to provide the infrastructure for KADDEX operations. This partnership will deliver an actual Web 3.0 experience as KADDEX will be decentralized front-to-back with no reliance on centralized actors.
The solution — Running on Flux.
Flux is an entire ecosystem tailor-built to provide developers with the necessary tools and infrastructure to build and host decentralized applications on Web 3.0. It operates a robust decentralized computational network consisting of more than 2300 nodes and leverages blockchain technology to create truly decentralized infrastructure for Web 3.0.
Flux is unique in the blockchain space as it is fully operational and is a multi-functional platform with a wide range of utilities rather than a ‘single use-case’ project. Running on Flux KADDEX joins many other tasks running on Flux infrastructures, such as Kadena, Firo, Presearch, Nitter, Dropalo, and Flux itself.
The demand for Web 3.0 infrastructure is ramping up and Flux is ready to deliver. The Flux network is capable of scaling to meet the growing demand and is happy to play a central part in building a more decentralized internet.
“If you believe that blockchain has a future, then you also believe in Web 3.0. When we started building Flux more than three years ago, we knew that there would be a time where decentralized infrastructure for blockchain would be essential for the technology to progress. Flux is born out of a love of blockchain and decentralization, we set out to clear all the roadblocks on the road to Web 3.0. By bringing awesome projects like KADDEX onto the Flux network, we succeed in achieving that. The guys at KADDEX understand the vision of Web 3.0 and are committed to delivering on it. We are totally aligned when it comes to our vision for the development of blockchain as a whole and I am so happy to welcome them as partners”, comments Flux Co-Founder and CSO Daniel Keller.
Flux hopes to welcome many more projects in the future and invites any developers large and small to come and see the many advantages of running on Flux.
“At Kaddex, we believe in delivering on the true intention of Defi — not only in making financial tools open and accessible to all, but also in achieving true decentralization of the platform and the infrastructure it runs upon. Therefore, it only makes sense to partner with the clear leaders in this space and launches our infrastructure on the Flux network” comments Nicolas Ramsrud, Kaddex Chief Product Officer.
Come take part in the decentralized future!
Flux is fueled by community, so we invite you to come to take part. All are welcome, it doesn’t matter if you’re just interested in technology, an investor, a developer, or just like to make crypto memes all day. Flux needs all kinds of people to participate in the decentralized future.
Come check out the official Flux website hosted on the Flux decentralized network. Learn about the Flux ecosystem and see what’s on offer.
If you want to witness what Flux has built so far, go visit the Flux network dashboard and see how many nodes we’ve got online, check out the massive resources available to the network, see what decentralized apps are running and what the current rewards are for Flux node operators.
And also, please do stop by the Flux discord to meet the Flux team and community and discuss all things Flux, we’re always on the lookout for new community members or developers.