Recently, several friends brought up the Infinex project, which compelled me to research it and understand what advantages and background Infinex actually has. Here, I would like to share with everyone.
Infinex @infinex_app is a decentralized finance (DeFi) platform launched in 2024 by Synthetix founder Kain Warwick @kaiynne, providing access to multiple on-chain protocols, services, and applications, utilizing a new security architecture centered around on-chain smart accounts and keys, aiming to combine the user experience of centralized exchanges (CEX) with the security and self-custody advantages of DeFi, thereby lowering the entry barrier for users into DeFi.
Infinex's vision is to build 'Crypto Everything' applications, characterized by the following features:
1⃣ Optimized User Experience
🔹Simplified Account Creation: Users can create accounts using usernames and passwords, supporting social login (such as Google, Apple) and biometric authentication (Windows Hello or Apple's Apple ID), avoiding the complexity of traditional mnemonic phrases. This makes it convenient for Web2 users to get started and use Infinex.
🔹Unified Interface Design: Offering a simple mode and a professional mode to meet different user needs, the interface design is similar to Coinbase or Binance, reducing the learning curve. Most users are accustomed to the interface and usage habits of centralized exchanges, and Infinex has carefully considered user habits to facilitate a seamless transition from using CEX to DEX.
2⃣ Cross-Chain Support and Asset Management
🔹Multi-Chain Compatibility: Supporting multiple blockchains including Ethereum, Solana, Polygon, Arbitrum, Optimism, and Base, allowing users to manage various assets on a single platform.
🔹Asset Storage and Management: Providing main wallet and vault functions, users can manage daily trading funds and long-term held assets separately based on their needs. Here’s a point: to ensure asset security, it’s best to keep all assets in the vault. When using, transfer them to the main wallet because if you lose your backup or password in the vault, you can recover your assets.
3⃣ Integration of multiple DeFi functions
🔹Trading and Exchange: Integrating Curve Finance and Jupiter Exchange for low-slippage exchanges of stablecoins and other assets, which already has low slippage compared to other products.
🔹Yield Function: Supporting staking and yield farming, users can obtain transparent returns through protocols like Lido and Ethena.
🔹Cross-Chain Bridging (Swidge): Combining DEX and bridging functions, users can seamlessly exchange assets between different blockchains, so you don't need to deposit GAS from various chains on Infinex to smoothly experience the exchange from one chain to another.
4⃣ Security and Account Recovery Mechanism
🔹Passkey Verification: Utilizing Passkey technology for account authentication, enhancing security and reducing the risk of private key leakage.
🔹Account Recovery Options: Supporting account recovery through preset EVM or Solana addresses, Google or Apple accounts to enhance the security of user assets.
5⃣ Innovative Governance Mechanism
🔹NFT Patrons: Financing and governance of projects through issuing NFT Patrons, allowing holders to participate in governance voting for Infinex and decide the platform's development direction.
As mentioned above, Infinex's characteristics are noteworthy, and as a DeFi platform product, its fundraising capability is also of great concern. Infinex raised $65.3 million through NFT sales and partnered with Wormhole to achieve cross-chain functionality, with participants including Wintermute Ventures, Framework Ventures, and Solana Ventures, as well as angel investors such as Ethereum co-founder Vitalik, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov.
I checked the past investment records and achievements of these institutions and would like to share them. Through this, you can understand their strength. Perhaps we ourselves do not have a good eye or strong discernment ability, but we can trust these institutions investing in the crypto space; their ability to pick projects is undoubtedly reliable. To borrow a popular saying, you may not trust the character of VC people, but you can definitely trust their vision.
⭐Wintermute Ventures @wintermute_t is the investment department of leading cryptocurrency market maker Wintermute, which has invested in over 75 Web3 and DeFi projects since its establishment in 2020, covering various fields including decentralized trading, wallet infrastructure, derivatives protocols, and credit intelligence.
⭐Framework Ventures @hiFramework is a crypto-native venture capital firm based in San Francisco, founded in 2019 by Vance Spencer and Michael Anderson. The firm focuses on early-stage blockchain and Web3 projects, covering DeFi, NFT, blockchain infrastructure, Layer 1 and Layer 2 networks, Web3 gaming, AI, and decentralized governance, with a total of over 120 investment projects and an average investment return rate of about 149.91 times.
⭐Solana Ventures @SolanaVentures is the strategic investment department established by Solana Labs in 2021, aimed at accelerating the development of the Solana blockchain and its ecosystem through funding support and resource integration. By early 2025, Solana Ventures has invested in over 100 projects across various fields including Web3, DeFi, NFT, infrastructure, and gaming.
For the investment records and achievements of these three institutions, please refer to the chart. Additionally, the notable figures such as Ethereum co-founder Vitalik, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov go without saying.
✅ It is said that next, Infinex plans to further expand its functionality, making Infinex's features more comprehensive and closer to CEX. I feel the principle of functional development for Infinex is 'What I want to have on CEX, I want to have; what is not on CEX, I also want to have,' including:
Perpetual Contract Trading: Integrating protocols like Synthetix, dYdX, GMX, offering leverage trading options.
Lending Function: Collaborating with protocols like Aave and Kamino to provide collateralized lending services.
Project Incubation Platform: Launching a Launchpad to support the issuance of new projects and user participation.
Currently, there are mainly two aspects that can be participated in on Infinex: the first is Swidge for cross-chain and deposit earning, and the second is the Bullrun card game. It is worth mentioning that previously, playing card games required a deposit of at least 50U, but the threshold has recently been raised to a minimum deposit of 250U.
✅ Summary
Infinex is committed to creating a decentralized financial platform that is both easy to use and powerful by optimizing user experience, enhancing security, and integrating multiple DeFi functions. For users who wish to enjoy the convenience of centralized exchanges while maintaining self-custody of their assets, Infinex offers a worthy choice.
#infinex #DEFİ