About Wault Finance
Wault Finance is a decentralized finance hub that connects all of the primary DeFi use-cases within one simple ecosystem, on the Binance Smart Chain and Polygon network. In short, an all-in-one DeFi Platform! They believe the benefits of DeFi should be accessible to the masses but in a secure and intuitive way; avoiding the expensive fees, confusing interfaces, and centralized decision-making, of many current platforms.
So, with these goals in mind we’ve built a protocol including 4 tokens – WAULTx, WEX, WEXpoly, and WUSD – and some unique features such as: WaultSwap (AMM), Wault Launchpad (new project presales), Wault Locker (liquidity locks for new or established projects), Wault Farms (staking and farming) and many other great services. They believe these services will amplify trust and wealth-accumulation, for our users.
Wault Finance Defi was launched in early 2021 with no venture capitalists. A fair launch for the community was the priority. Therefore, Wault was started with a market cap of only $150,000 (60 ETH).
In addition, they believe in open and decentralized governance. Wault must belong to its community. That’s why WAULTx token holders will be able to vote on and decide all aspects of the protocol’s future development path. Every developer is also welcome to work on and contribute to our open-source code on GitHub.
Quick Fact About Wault Finance
|DEFI Coin Name||Wault Finance|
|Circulating Supply||777,830.00 WAULT|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To Visit|
|Twitter Group||Click Here To Visit Twitter Group|
|Documentation||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Wault’s Unique Features
Wault Finance current DeFi market is dominated by bots, traders, and noncommittal speculators. However, at Wault, they believe the token holders should own all the benefits of the protocol. That’s why we’ve implemented a unique structure of low fees, buyback and burning mechanism. These are meant to perpetually increase the value of WAULTx (Wault governance token, offering access to token presales) and WEX (WaultSwap farming token) and reward the active platform participants.
To be more specific, the WaultSwap trading fee, one of the lowest on BSC – if not the lowest – is only 0.20%. 0.14% of that 20% goes to the Liquidity Providers (LP). The remaining 0.06% is used to buy WEX and burn it. We do this every, single day.
Below is a graphic showing how WAULTx (governance token), WEX (farming token) and WaultSwap (Decentralized Exchange) are integrated together to form the Wault Finance ecosystem.
WAULTx is the updated version of the legacy WAULT token. It is a completely new smart contract. It is the primary token of the Wault.Finance Ecosystem. WAULTx grants stakers access to the launchpad products, if at least 100.000 are staked, in the 30-Day Lockup Pool. It is redeemable at a ratio of 1000 WAULTx:1 WAULT token, until the 23rd of June 2021 (end of WAULT token).
There are no fees to use WAULTx, for depositing, withdrawing or staking!
WaultSwap does have a swap fee of 0.20% for any token swapped.
Buyback and burn
External projects that lock their liquidity in Wault Finance Locker pay a 0.20% fee that is used to buyback and burn WAULTX. Moreover, the transaction fees from the WAULTx/BNB pair are used to buyback and burn WAULTx. Finally, every time a vault is created, via Wault Finance’s Yield Optimization Platform, and the vault earns the equivalent of $50,000, 90% of the profit will be automatically emitted to a market buyback of WAULTx. They then send it to the Vault’s depositors, in proportion to their % deposited. These buybacks create consistent buying pressure on the token, elevating the price.
WEX, or Wault EXchange Token, is the foundational token of WaultSwap, which will have the right of governance for the AMM, along with participating in all future utility integrations.
On WaultSwap, trading fees are 0.20%. 0.14% will go to liquidity providers and 0.06% will go to daily buyback and burn of WEX. This creates deflationary pressure and pushes prices up!
WAULTx main advantages
- WAULTx gives private access and allocations to very profitable presales while staked in WAULTx 30-Days Staking Pool (see Locked Staking section).
- WAULTx has a fixed supply that is deflationary due to buyback and burning mechanisms, becoming scarcer by the day.
- WAULTx Farming and Staking can be compounded through Eleven.Finance platform.
- WAULTx will be used to vote when Wault governance is implemented.
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