Introduction
This is a living document and subject to change. Check in from time to time to view changes and updates!
Ambidex is a tokenized finance platform built on the Hedera Hashgraph DAG. The platform allows users to access a range of financial services on the Hedera Network by leveraging the Hedera Smart Contract Service (HSCS) and Hedera Token Service (HTS).
Ambidex’s planned product pipeline will start with a DEX powered by secure liquidity pools and automated market makers. Protocol controlled pools will mitigate against mercenary liquidity and the death spiral of vampire attacks. These will be followed by a marketplace that allows for tokenized loans offered to stable, credible financial institutions which invest in real world assets. We will also explore the implementation of lending protocols that support both collateralized and uncollateralized loans, including self-repaying ones.
Over the next few months, we will be building the following products and features on the Ambidex platform, roughly in the order they’re listed:
AMM Swap DEX
Liquidity Farm
Crypto-to-TradFi Lending Protocol
…and much more to come
What is tokenized finance?
Tokenized finance, in essence, refers to the tokenization of real world assets (RWAs) and the facilitation of transactions of those tokenized assets on-chain. As a full-suite tokenized finance platform, Ambidex is focused on building solutions that facilitate the tokenization of RWAs, as well as the transaction and usage of those tokenized RWAs on Hedera.
The problem with DeFi as it exists today is that it is silo-ed away from the world of TradFi. In the absence of established and trusted traditional assets, many highly speculative crypto assets have sprung up. Due to their highly speculative nature and limited liquidity, these assets are highly volatile. Their price volatility is one factor among many that hinders the adoption of crypto assets, and by extension DeFi applications as well. Ambidex will facilitate the tokenization of real world assets, and build on-chain applications that will unlock their full potential.
The Ambidex Vision
The Ambidex Project aims to address the existing problems with DeFi by bridging it with the TradFi world. The project will build robust and compliant DeFi applications which will serve as the financial infrastructure that supports the transaction of tokenized real-world assets (as well as crypto assets).
Bringing real-world assets into the world of DeFi via tokenization unlocks their latent value, allowing owners to generate additional yield on their holdings via actions like market making or lending. All of this will be enabled by the Ambidex platform. Similar to how Airbnb leverages technology to unlock the latent value of real estate, Ambidex will utilize DeFi technology to unlock the latent value of digital equity, commodities, and real estate holdings.
As of 2021, the total holdings in retail portfolios was $61 trillion, or 59% of the global market. Without access to the market making and lending services that are available to banks and institutions, the vast majority of these retail holdings remain under-utilized. Using DeFi rails, the latent value of these holdings can now be unlocked - democratizing the world of TradFi like never before.
To achieve this goal, Ambidex will build and iterate upon DLT-based financial products beginning with Exchange, and followed closely by Lend, Pay, and Insure. Combined, these products will bring the full-suite of financial products directly to users' doorstep.
Links
Last updated
