About Wault Finance
Wault Finance is a decentralized finance hub that connects all of the primary DeFi use-cases within one simple ecosystem, on the Binance Smart Chain and Polygon network. In short, an all-in-one DeFi Platform! They believe the benefits of DeFi should be accessible to the masses but in a secure and 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 including 4 tokens – WAULTx, WEX, WEXpoly, and WUSD – and some unique features such as: WaultSwap (AMM), Wault Launchpad (new project presales), Wault Locker (liquidity locks for new or established projects), Wault Farms (staking and farming) and many other great services. We believe these services will amplify trust and wealth-accumulation, for our users.
Wault Finance was launched in early 2021 with no venture capitalists. A fair launch for the community was the priority. Therefore, Wault was started with a market cap of only $150,000 (60 ETH).
In addition, they believe in open and decentralized governance. Wault must belong to its community. That’s why WAULTx 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 open-source code on GitHub.
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Wault’s Unique Features
The current DeFi market is dominated by bots, traders, and noncommittal speculators. However, at Wault, we believe the token holders should own all the benefits of the protocol. That’s why we’ve implemented a unique structure of low fees, buyback and burning mechanism. These are meant to perpetually increase the value of WAULTx (Wault governance token, offering access to token presales) and WEX (WaultSwap farming token) and reward the active platform participants.
To be more specific, the Wault Finance trading fee, one of the lowest on BSC – if not the lowest – is only 0.20%. 0.14% of that 20% goes to the Liquidity Providers (LP). The remaining 0.06% is used to buy WEX and burn it. They do this every, single day. So when a buyer considers where to swap tokens, he might remember that not only does WaultSwap have the lowest fees, but if he is holding WEX, those fees are going right back into his pocket.
Additionally, WaultSwap farms have no deposit fee, no withdrawal fee, and no performance fee, unlike the majority of our competitors. Just yields, for 100% profit. WAULTx token holders also benefit from the Wault philosophy. There is a 0.20% lock fee for external projects that lock their liquidity in Wault Locker, which is used to buyback WAULTx. Wault has a strategic partnership with Eleven.Finance, allowing WaultSwap users to auto-compound their assets with half of Eleven’s performance fees being used to buyback and burn WAULTx! They are constantly working on ways to improve our yields and add additional value for the token holders.
Below is a graphic showing how Wault Finance Defi Coin(governance token), WEX (farming token) and WaultSwap (Decentralized Exchange) are integrated together to form the Wault Finance ecosystem.
As they aim to become a 100% community-driven protocol, Governance will decide all the important decisions. There are no VC firms or private interests here. If the community does not approve of our work and submits a proposal, we can even transfer the Developer Keys to a better developer. It’s that simple.
Every Wault Finance Defi Coin staked in the staking contract will give you the same amount of votes in the governance contract. The votes can be used to decide further developments and changes to the protocol. That’s the model we believe in.
WAULTx and WEX
In parallel with the launch of WaultSwap AMM Platform (27th of April 2021), the WAULT token began a migration to WAULTx in order to remove previous transaction and inactivity taxes that were a feature of WAULT. This was to facilitate Centralized Exchange listings and future Cross-Chain integrations.
The WAULT to Wault Finance Defi Coin migration will continue until 23rd of June 2021, WAULT holders are able to swap their WAULT for WAULTx tokens through the bridge at the bottom of the Overview Section of the Wault APP. WEX is the main token of the WaultSwap Platform and the farming reward token.
WAULTx holders vs. WEX holders
WAULTx is the Governance token of Wault Finance. WAULTx holders can earn WAULTx by staking/locking them in the 30-Days Lockup Staking Pool (Locked Staking Section) and can get access to pre-sales of new projects (Launchpad section) . Additionally, WAULTx holders can earn WEX tokens through the Farm Section.
WEX is the Farming token of WaultSwap Platform. WEX holders can simply stake their WEX, or earn them through each Farming Pools (Farm Section). Both WEX and WAULTx can also be combined with BNB to provide liquidity to WaultSwap (Swap section then Liquidity section) and thus get higher APR rewards.
WAULTx is the updated version of the legacy WAULT token. It is a completely new smart contract. It is the primary token of the Wault.Finance Ecosystem. WAULTx grants stakers access to the launchpad products, if at least 100.000 are staked, in the 30-Day Lockup Pool. It is redeemable at a ratio of 1000 WAULTx:1 WAULT token, until the 23rd of June 2021 (end of WAULT token).
There are no fees to use WAULTx, for depositing, withdrawing or staking!
WaultSwap does have a swap fee of 0.20% for any token swapped.
- WAULTx gives private access and allocations to very profitable presales while staked in WAULTx 30-Days Staking Pool (see Locked Staking section).
- WAULTx has a fixed supply that is deflationary due to buyback and burning mechanisms, becoming scarcer by the day.
- WAULTx Farming and Staking can be compounded through Eleven.Finance platform.
- WAULTx will be used to vote when Wault governance is implemented.
WEX, or Wault EXchange Token, is the foundational token of WaultSwap, which will have the right of governance for the AMM, along with participating in all future utility integrations.
On WaultSwap, trading fees are 0.20%. 0.14% will go to liquidity providers and 0.06% will go to daily buyback and burn of WEX. This creates deflationary pressure and pushes prices up!