Sypool Protocol and ACX Finance Collaborate to Explore the Future of Decentralized Asset Management and Derivatives Trading.
Sypool Protocol, an asset management platform on Solana blockchain, and ACX Finance, a decentralized derivatives exchange, announced today their partnership to jointly explore the opportunities and challenges of decentralized asset management and derivatives trading.
Sypool Protocol is a decentralized asset management platform that enables users to invest in various assets, including cryptocurrencies and NFT. The platform provides investors with a secure and transparent way to manage their portfolios, with lower fees and no threshold compared to traditional asset management platforms.
ACX Finance, on the other hand, is a decentralized derivatives exchange that allows traders to buy and sell various financial instruments, including options, futures, and swaps. The platform provides users with a non-custodial and trustless trading experience, with no need for intermediaries or middlemen.
Together, Sypool Protocol and ACX Finance aim to explore the possibilities of decentralized asset management and derivatives trading and to develop innovative solutions that can benefit investors and traders alike. The partnership will focus on the following areas:
- Cross-chain integration: The two platforms will explore ways to integrate with other blockchain networks, including Ethereum, Binance Smart Chain, and Polkadot, to enable users to invest and trade across multiple chains.
- Smart contract interoperability: Sypool Protocol and ACX Finance will work on developing smart contracts that can communicate and interact with each other, enabling users to invest in derivatives using their asset management portfolios.
- Liquidity optimization: The partnership will focus on developing strategies to optimize liquidity across the platforms, enabling users to trade more efficiently and at lower costs.
“We are excited to partner with ACX Finance to explore the potential of decentralized asset management and derivatives trading,” said Jackson, CEO of Sypool Protocol. “Our collaboration will enable us to develop new solutions that can benefit investors and traders alike, while also promoting decentralization and innovation in the blockchain ecosystem.”
“We believe that decentralized finance is the future of finance, and our partnership with Sypool Protocol is a testament to our commitment to this vision,” said William, CEO of ACX Finance. “Together, we will explore new ways to provide users with a decentralized and trustless trading experience, while advancing the development of the blockchain ecosystem as a whole.”
ACX is a one-stop derivatives exchange that provides all derivatives products in the market.
ACX offers an excellent trading experience to users and quants through its API interface that supports quantitative trading and diversified derivative products.
Sypool is a synthetic asset management protocol built by the professional quantitative trading team.
This is another innovation that we have migrated finance from off-chain to on-chain. This idea was inspired by both off-chain fund companies and packaged asset derivatives. On the one hand, we tokenize fund shares. On the other hand, this share token actually represents a small part of a multi-token pool, thus providing scarce liquidity for the cryptocurrency market.
Therefore, you can consider it as a fund share, or you can consider it as a mirrored token pool asset, or your own portfolio, as well as other new uses that may appear in the future.