The next generation of the next generation for Defi - press release Bitcoin News

press release

press release. In the Defi area, Wault Finance has demonstrated his revolutionary character through the development of several innovative products. The protocol is one of the fastest growing projects in the Defi sector and offers users a variety of possibilities for yield agriculture and staggeration.

Now Wault intends to expand his ecosystem with the development of his stablecoin wusd. wusd

The stablecoin is supported by usdt Ratio 9: 1. This means that 90 % of the WUSD are secured by usdt insert and the remaining 10 % of wex. This ensures the stability of the stable coin and guarantees that in the worst case, owners of extreme volatility do not lose more than 10% of their capital.

The process of WusD is as follows. If a dealer 1000. deposit usdt to buy wusd, 900 usdt is deposited by the smart contract to the finance ministry of WusD, and the remaining 100 USDT is used to buy wex-token. The two tokens are held in the Ministry of Finance and the protocol uses part of it to generate returns to strengthen the Ministry of Finance. This ensures that the WUSD is always backed up by sufficient security and at the same time generates returns in the background to strengthen the treasury. The replacement and blocking of the WEX also increase the price and create a positive cycle for the ecosystem.

if the user against his 1000 WusD. would like to exchange usdt , the WusD is pulled out of traffic and the user receives 1000. back usdt , of which 100 bought back at the market price of wex. Together with the following stability mechanisms, this treasury ensures that the WUSD retains its bond with the USD and prevents risks in connection with the internal embossing and burning of a governance token.

WusD stability mechanisms

Wault has also used four different stability mechanisms that ensure that the WUSD retains its bond. This includes Treasury, WSWAP Emissions Support, WSWAP Trading Fees Support and Wusd Staking Support.

The WusD trasury ensures the conservation, and the additional stability mechanisms strengthen the treasury. 15% of WSWAP's trading fees, one of the top Dexs at BSC and Polygon, go to the state treasury.

If Wusd moves off the shelf, part of the WEX emissions flows towards the Ministry of Finance and supports it so that Arb-Bots can return WUSD to the bond, a guaranteed result as long as the finance ministry is full.

WusD staking is also an important way with which Wault intends to maintain the binding of the stable coin. Wault intends to motivate early owners of WUSD with wex emissions. The emission rate will serve as a stability mechanism for WUSD connection. If the binding of $ 1 shifts, the emissions will increase and fall to modulate the incentives for the WUSD staking. At the moment Wusd-Busd earns 34% effective annual interest, a very high return for stable coins in defi. The WUSD BUSD pool has accumulated up to $ 40 million TVL since its recent introduction.

finally wusd comes to polygon and starts at Waults Cross-Chain platform there.

future developments

Wault has so far been one of the top dexs on two different blockchains. During the maximum stalls of the crypto bull run, Wault reached over $ 1.5 billion on TVL. In addition, the team has made considerable progress in timely product approval behind the project in recent months.

Wault has announced that it is aimed at continuing to build integrations in order to expand to more blockchains. It is also planned to start a loan platform to expand the current defi products on your protocol. Wault is also busy supporting the ecosystem. Wault recently a. launched Moon fuel grant program to support new projects, as well as scholarship program to support players with little incomes in earning their living with games that they earn. To learn more about Wault Finance, visit the following social networks:

website Twitter Zwietracht medium

This is a press release. Readers should fulfill their own duty of care before taking any measures in connection with the advertised company or one of its connected companies or services. Bitcoin.com is neither directly nor indirectly responsible for damage or losses that are caused or allegedly caused by or in connection with or in connection with the use or trust in content mentioned in the press release.

Bedy verification : Shutterstock, Pixabay, Wiki Commons