Coinspeaker Truflation to Power Sphinx’s DeFi Market with RWA Solutions
Sphinx and Truflation have announced a strategic partnership to unlock the potential of perpetual contracts for Real-World Assets (RWAs). This collaboration is a step towards integrating traditional financial instruments with blockchain technology.
On October 9 at 17:30 CET, Truflation will host an AMA on X to provide more details on this cooperation.
Benefits of the Sphinx and Truflation Partnership
Sphinx, a Decentralized Finance (DeFi) based exchange specializing in perpetual futures contracts, has continued to deepen its crypto roots. By partnering with Truflation, a leader in real-world asset indices and inflation data, Sphinx aims to expand its offerings to include RWAs.
This partnership will use Truflation’s data feeds to ensure the pricing and economic data for RWAs stay accurate and up-to-date. This is crucial for valuing and executing perpetual contracts. Likewise, the partnership will merge Sphinx’s perpetual trading model with Truflation’s real-time data. As detailed, this will allow users to access RWAs such as commodities, real estate, and other traditional assets.
Additionally, the partnership will allow Sphinx to provide options trading for several sought-after assets to drive the energy sector ahead. Specifically, this product will impact the electric vehicle sector through the trading of commodities like Lithium and Silicon.
Combining Truflation’s data indices with the Sphinx trading platform will also help generate fresh possibilities for speculators and hedgers within the trading community. Similarly, integrating Truflation’s data bordering on inflation will help investors safeguard against volatility. Per the design, this will help ensure that the real-world value of assets is accurately reflected in the contracts.
As the DeFi ecosystem evolves, this move will offer users greater liquidity, transparency, and efficiency. It will also help bolster the role of decentralized finance in the future of capital markets. With many RWA protocols around, Truflation has picked a niche that can help power emerging markets overall.
Truflation Launches Hedge Index
Last month, Traflation introduced a Hedge Index to help investors protect their portfolios against inflation. This index solution monitors RWAs and serves as a performance benchmark for investors. As reported at the time, it offers a diversified strategy to reduce the effects of inflation on investments.
The Truflation Hedge Index comprises Gold (25%), Silver (20%), WTI Crude Oil (20%), the S&P 500 (25%), and Bitcoin (10%). These assets were weighted to create a balanced hedge against inflation. The index’s value is continuously updated throughout the day. The value reflects the price movements of these components, which helps investors manage the risks associated with inflation.
Meanwhile, Truflation’s offerings extend beyond the Hedge Index. The company also provides dedicated dashboards for tracking inflation in various countries, including the US, UK, and Argentina. These dashboards are part of Truflation’s mission to provide usable economic data on the blockchain.
They offer alternative metrics that address the limitations of traditional indices like the Consumer Price Index (CPI).
These innovations improve decision-making for individuals, businesses, and policymakers, contributing to a more informed and resilient economy.
next
Truflation to Power Sphinx’s DeFi Market with RWA Solutions