Introducing DeFi Wizard
Multi-chain DeFi Legos made simple. Enabling the Future of Digital Assets Creation.
With the growing popularity and adoption of Digital Assets, there has been an accelerating trend of moving the assets onto the blockchain through DeFi, Liquidity Pools, Staking, Security Tokens, Personal Tokens, etc. With the new digital assets economy, we need new tools to power the creation and issuance of digital assets in a seem-less manner.
With the recent adoption of Crypto on Paypal, It’s evident in the coming years every company needs to have a crypto strategy.
There are more than 200K+ ERC20 legit tokens deployed on Ethereum Network, and there is a growing trend of BEP20 tokens being deployed to Binance Smart Chain.
Why we started DeFiWizard?
We need to reduce the recurring work for Crypto Projects. I have spoken to many crypto founders and their biggest friction building on crypto is working with Audit firms to get the audit for already audited code.
Steps to launch New Token:
- Decide on Name, Symbol, Supply for Token
- Create the Token Contract by extending the already audited OpenZepplin smart contract.
- Create a Vesting Contract by forking the existing project’s vesting contracts.
- Get the Audit Firm to Audit the token contract. Audit firms mostly charge $6K to $20K to audit the token and vesting contracts.
- Get the Legal Opinion which says Token is Utility to list on Centralized Exchanges — [Optional STEP]
- Add Liquidity to Uniswap/MooniSwap/Sushiswap/Balancer to start the on-chain trading.
- Hire Market Makers for Centralized Exchanges liquidity provision
- Many more steps like submitting information to various sites such as coingecko, coin market cap, etc.
These are the steps required only for the Creation of a Token. What if the team decides to create a Staking Contract, Liquidity Mining Contract, etc. At every step, an audit is required for the already Audited code which is verified on Etherscan.
With DeFiWizard, we want to simplify the Creation of Token and many of the common DeFi Legos through the One Step wizard.
How about making this tweet from Jordan a reality? The entire idea of DeFiWizard started with this Tweet.
DeFiWizard provides a one-click wizard to Create:
- Configurable Audited ERC20 / BEP20 / EDST token.
- Staking Smart contract.
- Yield Farming contract for LP tokens.
- ERC20 to BEP20 bridge for ERC20 tokens.
- CSV import to Create Token Vesting Contract
- Much more.
$DWZ Token:
DWZ token holders will be able to pay for the fee to create token contract/staking contract/yield farming contract, participate in governance and able to stake LP tokens to earn $DWZ.
Token Utilities:
- Deflation via Fees: Pay $DWZ tokens to create any DeFi lego on DeFi Wizard.
- Governance: Governance that shapes the DeFi Wizard.
- Liquidity Mining: Earn rewards by staking LP tokens.
Connect with us:
References:
Coinbase Recommendations: https://blog.coinbase.com/securing-an-erc-20-token-for-launch-on-coinbase-68313652768f
Building on DeFi is super expensive:
