Vaporwave Finance is the first native yield aggregation platform in the Aurora ecosystem. It saves users time and money by autocompounding their farming positions, allowing them to automatically accumulate more LP and rewards from leading Dexes.
VWAVE is the governance token that allows users to participate in profit sharing of protocol revenue, as well as direct the flow of vault rewards by casting votes through governance. It is the tokenization of decentralized ownership of the protocol.
VWAVE is the utility token that is used for:
Profit sharing of protocol revenue (stake VWAVe, earn WETH)
Governance via voting to boost rewards on certain Vaporwave vaults
How Many VWAVE Coins Are There in Circulation?
Vaporwave Finance launched its protocol in December 2021 and quickly secured $10m TVL within the first two months. It held its token generation event in April of 2022 and sold 250 tokens. It then added an additional 250 to DEXs as liquidity. Shortly thereafter it opened it’s launch pools to reward early users and made an additional 500 tokens available. By the end of May 2022 there will be 1000 tokens in circulation.