ERC20 ecosystem Ethfinex announced today they will be integrating RigoBlock, a platform for creating and running decentralized pools of digital tokens. RigoBlock is a growing community of developers and traders working to lower the barriers to entry to fund management through their open and decentralized protocol.
The vision is for RigoBlock to facilitate fund creation and participation on the Ethereum network. Every Ethfinex user will be able to create, monitor, trade and invest in token pools. The Ethfinex team said, “management has never been more accessible, and we’re incredibly excited by the opportunities brought on by RigoBlock.”
Ethfinex also has now confirmed reducing the platform’s equity requirements to 1000 USD along with the addition of 12 new ERC20 tokens to offer users exposure to a greater variety of Ethereum assets. Further, the platform added support for Dai, a stablecoin built on Ethereum.
Last month, Ethfinex announced the launch of their governance DApp at Nectar.community. This feature is designed to allow Nectar token holders to monitor performance, vote on a variety of governance proposals (token issuance, fee distribution, referral systems, etc), redeem earned fees, and to take an active role in the long-term development of the exchange.
With Bitfinex recently announcing new trading engine Hive-1.1, it has put the groundwork in place for the decentralization of Ethfinex. By adding support for expiry times for orders into the engine — a necessary component for the matching of 0x format, non-custodial orders — as well as adding several other flags, the path is clear for the launch of the Ethfinex non-custodial API and decentralized trading portal.
