Web3.World

Web3.World is an Automated Market Maker, Yield Farming, and Staking platform built on Venom blockchain. It is currently the most flexible Automated Market Maker launched on Venom blockchain and enables seamless trading by pooling liquidity from investors with stablecoin pairs support. It is the first DEX established on Venom blockchain.

Description

Web3.World is a decentralized exchange (DEX) on the Venom blockchain. It allows users to exchange tokens through automated liquidity pools, and also offers customizable farming rewards for each pair. Users can create their own farming pools and set rewards with any tokens. Individual developers and projects can use the Builder section of the DEX to create their own tokens, while corporate partners can use the Vesting section to calculate and set up token distribution.

Web3.World is fully decentralized and non-custodial, meaning funds are held in permissionless smart contract accounts that can only be withdrawn in exchange for another asset or by the liquidity owners in exchange for their Pool Tokens. The exchange's smart contracts are also fully permissionless and immutable, meaning any account can create a pool and no account has authority over the pool's assets or functionality, and the contracts cannot be updated or deleted.

The exchange charges a standard fee of 0.3% for token swaps (0.15% for stablecoin swaps), but users who add liquidity to the platform can earn all swapping fees in the form of a fee reward for liquidity providers.

Fees

There are 2 types of swap fees:

Stable pairs — 0.15% Regular pairs — 0.3%

For main valuable pairs Web3.World does not allocate any share of the commission apart from the LP thus rewarding the liquidity providers to the fullest extent.

Fees are collected from every swap transaction that takes place on Web3.World and are distributed among the LPs who have deposited into the relevant liquidity pool. If a swap transaction is routed through multiple pairs, the commission is taken on each portion of the transaction separately and rewarded to the corresponding LPs, ensuring that they are also rewarded in proportion to their contribution

Stable Swap Feature

Lower Slippage for Stablecoin Pairs on Web3World DeFi and DEX Platforms

Automated Market Maker (AMM) is widely recognized for its efficient application to swaps paired with stablecoins and for providing liquidity for long-tail assets. However, trading directly through the AMM on DEX platforms can result in slippage due to high trading volume, causing delays in transactions and affecting the fees. To address this issue, Web3World offers a special algorithm for stablecoin swaps to guarantee lower slippage compared to other DEX platforms.

How Does the Special Algorithm Work?

Web3World's special AMM formula helps to reduce slippage for stablecoin swaps by maintaining a close ratio to parity (1:1). The formula for stable swaps is more complex and configurable to ensure seamless swaps without affecting the price. The curve flattens the prices, ensuring minimal slippage even if the market ratio changes.

W3W Token Distribution

Web3.World tokenomics is meticulously designed to foster a sustainable and thriving ecosystem. With a total token supply capped at 200,000,000, the distribution strategy ensures a balanced allocation among liquidity providers, partners, the protocol itself, market makers, DAO reserves, the project team, early backers, and initiatives for community and marketing efforts.

Liquidity Mining

A significant portion of the tokens, precisely 42,250,000 (21.13% of the total supply), is allocated to liquidity mining. This initiative encourages users to provide liquidity to trading pairs, enhancing market depth and price stability. Tokens are distributed linearly over 48 months, incentivizing long-term participation in the ecosystem.

Partnerships

To foster collaborations that drive expansion and integration within the Web3.World ecosystem, 26,000,000 tokens (13.00% of the total supply) are reserved for partnerships. These tokens vest linearly over 36 months, supporting sustained growth and development.

Protocol Liquidity

A dedicated pool of 24,375,000 tokens (12.19% of the total supply) ensures the protocol maintains sufficient liquidity. This liquidity is pivotal for executing trades efficiently and minimizing slippage for users.

Market Making

To maintain market stability and liquidity, 22,000,000 tokens (11.00% of the total supply) are allocated for market making. Immediately upon the token generation event (TGE), 10% of this pool is available, with the remainder distributed linearly over 24 months.

DAO Reserves

The DAO reserves comprise 26,000,000 tokens (13.00% of the total supply). They fund future initiatives and projects the community approves through governance voting. These tokens vest linearly over 60 months, ensuring the community has a long-term stake in the platform's future.

Team

Acknowledging the team's contribution to developing and supporting the platform, 24,000,000 tokens (12.00% of the total supply) are allocated to the team. These tokens vest linearly over 24 months, aligning team incentives with the ecosystem's long-term success.

Early Backers

Early backers who took initial risks and supported the project are rewarded with 11,000,000 tokens (5.50% of the total supply). To align interests, 5% of these tokens are available at TGE, with the remainder vesting linearly over 36 months.

Community & Marketing

To engage and expand the community, 24,375,000 tokens (12.19% of the total supply) are earmarked for community and marketing efforts. Of these, 5% are available at TGE, with the rest distributed linearly over 24 months. .

Web3.World Boosted Farming

Boosted farming has become an increasingly popular way for investors to increase their APR rewards on cryptocurrency farming platforms. Boosted farms on Web3.World DEX allows for an increased APR reward to be gained by holding, staking, and voting with the vested escrow token - which is veW3W token on the Web3.World platform.

There are three main ways to increase APR rewards in Web3.World boosted farming mechanism.

The first is by effectively locking LP tokens for a certain period. The longer the locking time and the bigger the amount, the higher the percentage of the reward distribution.

The second is through $W3W deposit process, which allows to receive up to x2 APR boost and in addition veW3W tokens (vested escrow token)

The third – is through the voting process, which allows vested escrow token holders to vote on which farming pools will get additional APR.

How to Set Up Venom Wallet

To use the Web3.World platform, you will need to follow the steps outlined below:

• Install the Venom wallet by following the instructions on the Venom Foundation website.
• Create a registered Venom wallet account. You can find instructions on how to do this on the Venom Foundation website. Read here.
• Obtain some Venom tokens ($VENOM) to pay for gas fees, which are required for processing transactions on the blockchain. You can find more information on how to acquire Venom tokens on the Venom Foundation website. Read here.

Once you have completed these steps, you will be ready to use the Web3.World platform and take advantage of its automated market making, yield farming, and staking capabilities.