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Phoenix is a new open finance protocol that is already running on Ethereum, Polygon, Binance Smart Chain, and Wanchain. It acts as a connector that links different decentralized ledgers with users, and it also links into conventional finance applications. The initial version of Phoenix focuses on a marketplace for DeFi derivatives.
Phoenix is building a cross-chain DeFi system for creating options exposure across multiple assets using collateral pools. Its Multi-Asset Single Pool (MASP) approach powers decentralized peer-to-pool options platforms, allowing users to use or hedge positions in a range of cryptoassets regardless of location.
The following offering is a decentralized leveraged token protocol, released on Polygon, Binance Smart Chain and Wanchain in Q3 2021. It offers a decentralized method to create and trade decentralized leveraged tokens tied to cryptoassets such as BTC, ETH, etc., across different chains.
The PHX token is the network token for the full set of FinNexus protocol clusters. It supports multiple functions, including liquidity mining, governance and voting, reward boosting, and more.
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