It’s only been a day but the launches of WSwap and its token WEX have shown incredible momentum. With more than 40M in the new farms and the WEX token going 22x from listing price, all you users have shown us just how much you love farming! Well, we hope you’ve still got the energy to harvest them fields because we have an additional announcement — all our pools will receive autocompounding vaults with our new partner Eleven.Finance!
What is Eleven.Finance?
Eleven Finance is a yield optimiser, a vault ecosystem that empowers high APY farming strategies on the Binance Smart Chain. The platform focuses on being a first mover (shown as they have been ready with WEX/BNB prior to our launch!), while offering a dynamic and broad range of vaults to provide their users with optimised strategies to earn profits. Be sure to check out their upcoming leveraged yield farming platform, Bigfoot, as well, it’s due for release very soon!
WARONRUGS has also finished an audit on Eleven which you can view here: https://twitter.com/WARONRUGS/status/1374144695274774528
Wault will provide in-app links on all its farming pools in WSwap, giving users quick access to Eleven’s autocompounding vaults. In exchange, Eleven will split its 2.5% performance fee from the vaults with Wault, half going to buyback and burn of Eleven’s ELE token and half going to buyback and burn of WAULTx.
This will be the first burn mechanism we institute for WAULTx, which has a fixed supply. In this manner, the token will become long-term deflationary, continuing to rise in price as more users farm our pools at Eleven for profits.
This is only the beginning
This announcement is just one of many new initiatives we have in store, because although last week was a very busy one, our team at Wault never stops working to get things done. Soon, we’ll provide more info on Holder.Finance’s upcoming presale, as well as some news on other things we’re working on. That’s why although there’s a new design, two new tokens, and a whole lot of new farming, leave some room in your bellies because you’ve still got plenty of harvests coming.
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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