Kain Warwick, the founder of Synthetix, has announced the official launch date for Infinex, the “on-chain gateway” that has experienced several delays. Warwick revealed at the ETH Global conference in Sydney, Australia, on May 2 that Infinex is targeting a launch on May 13. The initial release will introduce the Infinex Account, a collection of cross-chain smart contracts that can be controlled, secured, and recovered through Web2 authentication methods like email login. Warwick emphasized that Infinex aims to break down barriers to decentralized finance (DeFi) adoption by offering a user-friendly interface similar to centralized exchanges. The platform will support various blockchain networks, including Ethereum, Base, Optimism, Polygon, Arbitrum, and Solana. Infinex will leverage social passkeys for Web2 login integration, reducing the friction typically associated with Web3-based user experiences. Warwick anticipates that Infinex will attract 10,000 genuine users and surpass $50 million in total value locked within its first 30 days. If market conditions remain favorable, he expects hundreds of thousands of users to join within a year of the platform’s launch.
Infinex set to be launched by Synthetix founder Kain Warwick in mid-May