WingRiders Governance Token price

WRT

#5840

Unlock the true potential of your utility tokens on Cardano by exchanging between assets, gaining from liquidity provision, farming, and boosting with WingRiders. WingRiders is a DAO-operated, innovative DEX on Cardano, utilizing cutting-edge technology developed by leading engineers in the space. The user-friendly platform provides traders and liquidity providers with numerous options for maximizing capital efficiency for ADA, Cardano native assets and stablecoins they own. These include swapping between assets, autostaking of ADA (SPOs voted by the liquidity providers), providing liquidity, liquidity mining, and increasing gains using the innovative Boosting Vault. The Boosting Vault functionality enables higher yields on eligible farms.The only DeFi platform on Cardano that allows a user to benefit from up to six gains by simply providing liquidity and farming on the DEX. The ADA autostaking functionality ensures that liquidity providers don’t miss out on ADA staking gains whilst providing liquidity, as well as providing a democratic process to collectively delegate to their favourite stake pools.

The platform’s safety and security are top priorities. Any new feature or functionality is subject to a rigorous internal and external auditing process before deployment to ensure the safest trading environment. There are currently over 300 pools, many farms, with several of them offering double-yield with more coming. A continuous commitment to partnership development, brings innovative services and new ways to gain even more capital efficiency for all users of the DEX. The platform currently supports 9 wallets in total, two of which are hardware wallets, Ledger and Trezor, ensuring even more security for user’s funds. The direct connection of a Ledger or Trezor hardware wallet via an Android mobile device adds a new layer of convenience and protection for carrying out actions on the go when interacting with the DEX. You can also connect to WingRiders via the Eternl wallet DApp connector, direct from the UI.

With the deployment of the first stable swap pool to mainnet, WingRiders is now a combination of Curve Finance and Uniswap V2, all rolled into one protocol, a first in Cardano. The stable swap function is focused on efficiently swapping between two stablecoins or stable assets, with a 1:1 ratio, with minimal slippage and price impact. Liquidity providers will also benefit by using stable swap pools, which dramatically reduce the risks associated with impermanent loss, resulting in deeper liquidity, higher volumes, and an overall larger pool of fees for liquidity providers. Try the iUSD/Djed stable swap pool to see for yourself.

Use the Zap-in function to add liquidity to the stable swap pool with any ratio of tokens in your wallet (including using only one of the tokens in the pool). This functionality makes adding liquidity to these pools simple, convenient and saves on extra swapping and batching fees.

The transparent DAO platform brings together community improvement discussions, proposal submissions and storage, an effective voting and counting mechanism all in one dashboard. Each of the crucial governance processes outlined are fully auditable by anyone to verify the integrity of each step. Membership of the DAO is enabled by simply owning the WingRiders’ $WRT governance token, which also encapsulates many utilities.

Co-shape Cardano’s decentralized future via the WingRiders’ DAO. The platform’s future is in your hands.