WeFi

In a groundbreaking move, WeFi has launched the first-ever forex perpetual leverage trading protocol on the $XDC chain, bringing unparalleled efficiency and affordability to the world of forex trading. This innovative protocol is currently live with the FXD/EURS trading pair, a unique stable coin combination consisting of $FXD, a USD stablecoin by Fathom, and $EURS, a Euro stable coin by Stasis. <h2 id="header-0"><a href="https://www.beta.app.wefi.xyz/?source&#61;post_page-----d495c5e05921--------------------------------" rel="noopener noreferrer nofollow">WeFi | Unleash the power of Leveraged investment vaults</a> </h2><h2 id="header-1">Why did WeFi choose XDC Network for Forex Trading?</h2>WeFi strategically chose the XDC network as the foundation for its Forex Trading Feature due to several key advantages. The network boasts near-zero gas fees, making transactions highly cost-effective. Furthermore, XDC showcases exceptional efficiency by facilitating up to 2000 transactions per second. Its interoperability, EVM compatibility, and robust security standards further contribute to the appeal of the XDC network as an ideal platform for WeFi’s forex perpetual trading protocol.<h2 id="header-2">Distinguishing WeFi: A Revolution in Forex Trading</h2>WeFi offers a unique set of features that redefine the user experience and set new standards in the industry. Here’s why you should consider trading on WeFi:1. AMM-Based Model:WeFi operates on an Automated Market Maker (AMM) model, setting it apart from traditional forex trading platforms. This model brings transparency and liquidity to the forefront. The AMM model ensures that prices are determined algorithmically, offering users a fair and decentralized trading environment.2. Two-Party System: Lenders and Traders:WeFi’s protocol involves two integral parties that drive the ecosystem — lenders and traders. Lenders play a crucial role by providing tokens and earning yield through interest. On the other hand, traders leverage these tokens to execute trades, enabling a symbiotic relationship. This ensures that both parties contribute to the liquidity and functionality of the platform, fostering a dynamic and collaborative trading environment.3. On-Chain Trading with Xswap:A key differentiator for WeFi is the execution of all trades on-chain. This eliminates the need for a third-party intermediary and minimizes counterparty risk. The integration of Xswap, a decentralized exchange on the XDC network, further enhances the transparency and security of transactions. By utilising the blockchain for every trade, WeFi ensures a trustless and tamper-proof environment, providing users with greater confidence in the integrity of their trades.4. No Custody of Tokens:WeFi takes a bold step in removing custody concerns from the equation. Traditional trading platforms often require users to entrust their assets to a centralized entity, exposing them to potential risks. WeFi’s on-chain trading approach eliminates this custody risk, giving users full control and ownership of their tokens.5. Perpetual Trades:Unlike many forex platforms with time constraints on trades, WeFi allows users to hold positions perpetually, as long as the price remains above the liquidation threshold. This feature provides traders with unparalleled flexibility, enabling them to strategically navigate the market without the pressure of predefined expiration dates.WeFi redefines the forex trading experience by combining an AMM-based model, a two-party system, on-chain trading through Xswap, no custody of tokens, and the flexibility of perpetual trades. These distinctive features collectively position WeFi as a forward-thinking platform that prioritizes user empowerment, security, and efficiency. If you seek a forex trading experience that breaks free from the limitations of traditional platforms, WeFi stands as the go-to choice for a new era in DeFi<h2 id="header-3">How does it work, what tokens are there?</h2>WeFi’s innovative forex trading protocol operates seamlessly on the XDC network, offering users a novel approach to trading with a focus on efficiency, low fees, and flexibility. Let’s delve into how WeFi works and explore the key tokens that define its ecosystem:1. Trading Pair and Stable Coins:WeFi debuts with the FXD/EURS trading pair, bringing together two stablecoins — FXD and EURS. FXD is a USD-stable coin issued by Fathom, while EURS is a Euro-stable coin by Stasis.2. Long and Short Positions:Users can speculate on the rise (long) or fall (short) of the FXD/EURS exchange rate, traders can tailor their strategies to market conditions, enhancing their ability to profit in various scenarios.3. Maximum Leverage of 20X:WeFi introduces a maximum leverage of 20X, enabling users to amplify their exposure to the market.4. Competitive Interest Rates:WeFi offers highly competitive interest rates. For users planning to go long on EURS, the annual interest is a mere 2%. This stands in stark contrast to the excessive 60–80% annual charges levied by other forex exchanges. Additionally, for users opting to go short on EURS WeFi charges zero interest annually.WeFi’s mechanism involves users engaging in leveraged forex trading with the FXD/EURS pair on the efficient and secure XDC network. The inclusion of stablecoins, the flexibility of long and short positions, competitive interest rates, and the advantages of the XDC blockchain collectively position WeFi as a user-friendly and innovative platform in the dynamic world of DeFi.<h2 id="header-4">What’s Next for WeFi?</h2>This launch marks the alpha version of WeFi’s protocol. The team envisions expanding liquidity significantly and introducing new trading pairs, including major currencies such as yen, GBP, AUD, CAD, CNY, CHF, among others, in the upcoming versions. This expansion will further solidify WeFi’s position as a leading player in the forex trading space on the web3.<h2 id="header-5">About WeFi</h2>WeFi stands as a pioneering force in revolutionizing forex trading by introducing a cutting-edge leverage trading protocol on the secure and efficient XDC network. Focused on delivering a seamless and cost-effective trading experience, WeFi prioritizes user security through stringent measures and blockchain technology. The platform’s commitment to innovation is evident in its unique features, such as the AMM model, a two-party system involving lenders and traders, and perpetual trades. Positioned as a first-of-a-kind platform, WeFi sets a new standard in the forex trading arena, offering users a transformative journey marked by security, innovation, and an unparalleled trading experience.<h2 id="header-6">About XDC</h2>XDC is a blockchain network known for its speed, scalability, and cost-effectiveness. With interoperability, EVM compatibility, and robust security measures, XDC serves as an ideal foundation for innovative projects like WeFi, paving the way for the future of decentralized finance in the forex industry. <blockquote>Stay up to date with WeFi’s exciting developments by joining our community on:</blockquote><a href="https://twitter.com/wefi_xyz" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://discord.com/channels/915517391520276510/981927627487068210" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://t.me/wefi_xyz_official" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.instagram.com/wefi_xyz/" rel="noopener noreferrer nofollow">Instagram</a> | <a href="https://guild.xyz/wefi" rel="noopener noreferrer nofollow">Guild</a> | <a href="https://galxe.com/WEFI/" rel="noopener noreferrer nofollow">Galxe</a> | <a href="https://coinmarketcap.com/community/profile/wefi/" rel="noopener noreferrer nofollow">CMC</a> | <a href="https://wefi.xyz/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://www.beta.vaults.wefi.xyz/" rel="noopener noreferrer nofollow">App</a>

WeFi Launches First Forex Perpetual Trading Protocol on XDC Network

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