The Block: [SPONSORED] CoinFLEX: A Retrospective on Crypto Derivatives Innovation in 2021
Quick take:
FLEX has grown from $0.05 in December 2020 to more than $5 today, representing 100x+ growth
Assets under custody hit $1.2 billion
CoinFLEX’s repo market went from millions to billions of dollars per day in volume
flexUSD market cap reached $370 million and has paid out $17 million in interest to holders
CoinFLEX’s automated market maker (AMM+) hit $100 million in assets
The post CoinFLEX: A Retrospective on Crypto Derivatives Innovation in 2021 appeared first on The Block.
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