WeFi

WeFi’s unique composable leverage investment vault is allowing users to have use cases around onchain leveraged trade, leveraged farms and leveraged staking. WeFi users can borrow to invest in fungible, non fungible or real world tokenized assets or borrow to invest in leveraged yield farms/staking pools. Risk for lenders is mitigated by enabling a walled guarded approach (Vault). Loans for staking: Users can take loans and buy crypto to earn staking APY. Loans for yield farming : Users will be able to use upto 3x leverage to invest in low risk farms that generate consistent returns. Few strategies would include providing liquidity to DEXes, implementing a delta neutral setup while mining rewards from certain protocols.

WeFi is a decentralized protocol that opens up under collateralized borrowing and lending options in the DeFi space.

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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