The first iteration of decentralized finance (DeFi) projects, commonly called DeFi 1.0, laid the foundation of a decentralized financial ecosystem, especially for retail users. With DeFi 1.0 cementing itself in the lending, borrowing, and trading spaces, the next iteration, known as DeFi 2.0, aims to expand on the foundation already laid. To contribute toward DeFi 2.0 development and bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi), Infinity Exchange has launched its testnet. Built on the Ethereum blockchain, Infinity Exchange's "Institutional Fixed Income Protocol" is designed to unlock new opportunities for DeFi via an infrastructure that runs complex computations and risk management off-chain before settling all transactions on-chain.
