This past year has been one of great progress for Crypto Valley Exchange (CVEX), as we continue to bring the vision to life for the next generation of digital asset derivatives.
As part of this evolution, there are a number of changes coming. The most noticeable change as CVEX prepares for mainnet, is for the project to spin out from the Switzerland-based venture studio Tacans, which has incubated CVEX, into its own standalone entities. This will enable operational and strategic clarity, and demonstrates the team’s dedicated focus.
Mainnet
CVEX is now only six weeks from mainnet launch. Currently, there are a total of 92,700 testnet users, 415,400 users connected via the affiliate dashboard and more than 100,000 followers on X. You can track all key KPIs via this dashboard: https://link.cvex.xyz/testnet-public-dashboard. Once mainnet is live, a similar dashboard will be created and published.
Mainnet deployment timing relies on us completing some audits and assuring ourselves that the Arbitrum SDK, that is integral to our product, is completely stable.
Structure
CVEX Labs will be responsible for developing the key components of the CVEX ecosystem. Before the mainnet launch, both the intellectual property (IP) and the protocol will be transitioned to a decentralized autonomous organization (DAO), which will ultimately own the protocol. CVEX Labs will operate under a grant from this DAO, tasked with continuing development.
DAO grants will be used to establish various entities that will manage different components of the CVEX ecosystem. This includes CVEX Labs for ongoing development, a dedicated entity for the white-label front end, and separate platforms for establishing contracts and setting risk levels. This structure ensures the decentralization of the ecosystem, allowing different entities to contribute independently to the overall market while preventing centralization under a single entity.
Leadership
Part of this transition will also see James Davies assume the role of CEO while Tacans Group CEO Mathias Nielsen will assume the role of Chief Strategy Officer in CVEX. With vast experience in leading exchanges and building derivatives markets across multiple asset classes, James is in a strong position for the CEO role’s next phase.
This move will continue to position CVEX robustly for its next phase of growth.
Stay tuned for further updates in the coming weeks and months. In the meantime, please follow the CVEX X (Twitter) https://x.com/cvex_xyz or join the CVEX Telegram https://t.me/cvex_xyz for the latest news.
