CARDAX forms partnership with Credmark

We are delighted to announce our partnership with Credmark, a decentralized risk modelling platform in Defi that leverages an adversarial platform to high integrity, verifiable DeFi risk models. Credmark brings the risk tools used by traditional finance institutions to the average DeFi user.

It tackles the problems in the current Defi space: lack of standards to provide accurate, complete and consistent data; lack of risk modelling to access risk in Defi investment portfolios. By leveraging the wider Defi community to generate and validate these models, Credmark has created a scalable, trustworthy and decentralized solution to risk modelling. More info can be found here.

The native token $CMK is used to vote on the financial models produced in he community and reward the developers for making the models. Furthermore, modellers have to stake $CMK to submit their models, governance voters must stake $CMK to vote, and consumers must stake $CMK to access the risk models’ outputs. Cardax will host CMK/ADA liquidity pool on the DEX.

This partnership enhances our endeavour to make Defi more inclusive and accessible and brings risk modelling solutions to the Cardano Defi space. The Cardax eco-system is in the making to bring significant value to our community. If you are a project or want to suggest a project to Cardax, contact us here.

ABOUT CARDAX
Cardax is an exciting DEX emerging on the Cardano eco-system, which strives to be a CNT powerhouse, focusing on deep liquidity and a simple interface. Cardax endeavours to rise to the challenges of illiquid AMMs by employing a first to market Extended Automated Market Maker (EAMM). In practice, this means anyone can become a market maker, either by starting a liquidity pool or participating in one already existing. The EAMM is designed to address the barriers of entry that exist in current AMM protocols and ensure a fair and uncomplicated experience for users.