WeFi Finance, a decentralized finance (DeFi) platform, has launched its composable leverage vault protocol that allows on-chain leveraged trades, farms, and staking in a trustless and permissionless manner. The protocol allows users to borrow funds to invest in fungible, non-fungible, or real-world tokenized assets and use leverage to invest in low-risk farms that generate consistent returns. Users can also take out loans for staking, which enables them to buy crypto and earn staking APY.
To mitigate risk for lenders, WeFi has created a vault using a walled-guarded approach. The platform’s unique composable leverage investment vault is an alternative to margin trading, with interest rates nearly 80% cheaper. Users can buy and hold BTC, ETH, and other blue-chip tokens with just a 20% down payment.
The WeFi platform provides undercollateralized loans, making it an attractive solution for DeFi users looking to invest in crypto assets and investment products in a permissionless and trustless manner. The platform aims to attract new users to the DeFi ecosystem.
WeFi Finance is currently life on Polygon and has achieved significant milestones, including a testnet success with over 27,000 users, an alpha launch on Polygon with 4,000 registered users, and a beta version launch of its investment vault product. The platform has also engaged with Web 3 communities and hosted and sponsored events in ETH Dubai, Eth India, and Web3conf Goa.
The WeFi protocol has integrated with several partners, including Chainlink, Razor Network, and Plugin for price oracle, Uniswap, Quickswap, and X.
The WeFi token (WEFI) is an ERC-20 token that will be available for trading on Polygon with a total supply of 100,000,000 WEFI. The initial market cap is $291,000, and the swap rate is 0.3 USDC (Polygon) / BUSD (BSC). The last staking and voting period is scheduled for Fri, 05 May 2023 03:00 UTC, while the preparation period is set to begin on Fri, 05 May 2023 09:00 UTC.
Visit WeFi’s website to learn more about the platform and its features. Join WeFi’s Telegram group and channel, as well as its Discord server, to stay updated on the latest developments. Follow WeFi on Twitter for real-time updates and announcements.
Telegram Group: https://t.me/+MzSp_LgtrM9hN2E1
Telegram Channel: https://t.me/wefi_xyz_official