Turning A New Leaf on DEXs

After reviewing our initial roadmap and our vision to be an interchain DeFi Hub, we came to the inevitable conclusion that WYND DAO needs a DEX-like product in our portfolio of interchain DeFi products and applications.

Therefore, we are pleased to announce that we have begun development on a revolutionary DEX-like product. We use the term “DEX-like product” as it will have hybrid elements of an AMM and other novel features we can not announce at this time.

Here is what our users can expect…

Liquidity providers:

• Organic sustainable yields which will not be dependent on artificial incentives, both internal and external
• Mitigated effects of impermanent loss compared to traditional liquidity pools
• Earn credits from liquidity providing which offsets trading fees

Traders:

• Lower trading fees offset by credits earned by liquidity providing
• Lower or equal slippage to some of the largest DEXs in the ecosystem via cross-chain liquidity aggregation
• The long tail of CW20 assets

This product does not aim to directly compete with other DEXs such as traditional self-balancing AMMs or DEXs with an order book. Instead, it is likely our product will increase the volume for other DEXs through cross-chain liquidity aggregation. Ultimately we aim to create a product that delivers an enhanced DEX experience to liquidity providers and traders.

Stay tuned for more big updates on WYND DAO’s DeFi and ReFi plans🍃

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