WeFi Finance Launches Composable Vault Leverage Protocol for Untrusted Onchain Investments
WeFi Finance, a decentralized finance (DeFi) platform, has launched a composable leverage vault protocol that enables leveraged trading, farming, and staking on-chain in a trustless and permissionless manner. This protocol allows users to borrow funds to invest in convertible, non-fungible, or real-world assets and use leverage to invest in low-risk farms that generate consistent returns. Users can also take loans to stake, which allows them to buy crypto and earn APY at stake.
To reduce lender risk, WeFi has created a safe using a wall-guarded approach. The unique leveraged investment vault that can be compiled from this platform is an alternative to margin trading, with almost 80% cheaper interest rates. Users can buy and hold BTC, ETH and other blue-chip tokens with only 20% down payment.
The WeFi platform provides collateral-free loans, making it an attractive solution for DeFi users who wish to invest in crypto assets and investment products in a permissionless and trustless manner. This platform aims to attract new users to the DeFi ecosystem.
WeFi Finance is currently live at Polygon and has achieved important milestones, including a successful testnet with over 27,000 users, an alpha launch on Polygon with 4,000 registered users, and the launch of the beta version of its investment vault product. The platform also engages with the Web 3 community and hosts and sponsors events at ETH Dubai, Eth India and Web3conf Goa.
The WeFi protocol has been 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 will start on Fri, 05 May 2023 09:00 UTC.
Visit the WeFi website to learn more about the platform and its features. Join WeFi Telegram groups and channels, as well as its Discord server, to stay up to date with the latest developments. Follow WeFi on Twitter for real-time updates and announcements.
Telegram Groups: https://t.me/+MzSp_LgtrM9hN2E1
Telegram Channels: https://t.me/wefi_xyz_official