Announcing 100% of WSwap trading fees going to buyback and burn of WEX
Some protocols just want to watch their tokens burn…
Some protocols just want to save the people in their city…
At Wault, we want to do both. To be specific, we’re making 100% of WSwap’s trading fees accrue to WEX holders. How? We’re going to use them to buyback WEX tokens and then burn them, all of them, every day. This will continually lower the supply, redistributing the value of the tokens to the remaining WEX holders, pushing up WEX’s price constantly.
WSwap’s fees of .2% were already some of the lowest on BSC, which has helped it reach a stunning trading volume of USD $160 million/day in only the first week. Of that .2%, .18% go to the LPs, and the remaining .02% are protocol fees. We will now use those protocol fees to buyback and burn WEX.
So, with .02% of that trading volume every day, that means we’ll be using ~32k USD to buy WEX and burn it. Every. Single. Day.
That’s over 200k USD/week, and trading volume continues to increase.
What’s more is that’s just the minimum; The team will often be adding more on top, as we have been since launch.
So when you consider where to swap tokens, remember that not only do we have the lowest fees, but if you’re holding WEX, those fees are going right back into your pocket.
The token holders should own all the benefits of the protocol, that’s what we believe in and that’s why we’re doing this. Yet, it’s not only WSwap that showcases this philosophy
Unlike the majority of other platforms, Wault farming has no deposit fee, no withdrawal fee, and no performance fee. Just yields. 100% profit.
This is farming in its purest form, for the users. So when you farm, you can do so knowing 100% of your earned tokens are going straight to your wallet. There’s no hidden fee somewhere in the docs, taxing you without your knowledge(we won’t call anyone out but many of the most popular protocols have this!).
So, as with swapping, the protocol’s benefits while farming are going straight to you. This is how we plan to run Wault: community-owned, community-profited.
Let’s get to it
All right, we’re going to get back to work. Meanwhile, if you want to giggle while you watch your WEX value continually increase, you can keep an eye on our daily burn announcements in our socials. We know we can’t get enough of them. After all, the team at Wault is full of pyromaniacs.
What is Wault Finance?
Wault Finance is a decentralized finance hub that plans to connect all the primary DeFi use-cases within one simple ecosystem on Binance Smart Chain. We believe the benefits of DeFi should be accessible to the masses but in an intuitive way; avoiding the expensive fees, confusing interfaces, and centralized decision-making of many current platforms. So with these goals in mind, we’ve built a protocol with some unique features we believe will amplify the power of wealth-accumulation for our users.
In addition, we believe in open and decentralized governance. That’s why WAULT token holders will be able to vote on and decide all aspects of the protocol’s future development path. Every developer is also welcome to work on and contribute to our open-source code. Come join the movement and help us advance DeFi on the Binance Smart Chain!
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