Updated: May 13, 2024, 6:48 AM EDT
Synthetix co-founder Kain Warwick launched Infinex, a front-end site that integrates decentralized financial applications into a single, user-friendly layer.
This launch includes Infinex accounts, with a user waitlist process starting today.
Infinex’s goal is to lower the barriers to entry typically associated with DeFi, such as complex wallet setup, asset linking, and gas fees. Early access is based on deposits and governance points awarded.
Infinex accounts feature cross-chain functionality and are secured with passkey authentication and social login options. This approach aims to address key barriers to using on-chain applications by abstracting away common complexities.
Kain Warwick, co-founder of Infinex, emphasized the platform’s goal of making decentralized finance more accessible and simpler for all users.
“Infinex will make cryptocurrencies accessible to everyone and a wide range of options for on-chain transactions without having to rely on someone’s centralized database or giving up control of your assets,” Warwick said.
The platform will operate in conjunction with Synthetix, which has approximately $500 million in deposits on the protocol. The project was co-founded by Wil Johnston.
The initial network supported by Infinex currently includes six blockchains: Ethereum, Solana, Polygon, Arbitrum, Optimism, and Base.
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