CXDS

CXDS (Centralized eXchange Default Swaps) enables users to create credit default swaps (CDS) for deposits held in centralized exchanges. This innovative solution addresses a fundamental risk inherent in utilizing centralized exchanges by providing a safeguard against the possibility of exchanges defaulting. Users have the flexibility to purchase CDSs for specific exchanges, offering them a layer of protection, or to sell CDSs and earn a weekly yield.

What sets CXDS apart is that it diverges from traditional insurance protocols that often focus on specific risks and necessitate purchasers to demonstrate that they've personally incurred a loss. CXDS opens the gateway to more advanced and dynamic markets, offering a broader and more versatile approach to mitigating risks associated with centralized exchange deposits.