Tortola, VG, British Virgin Islands, May 19, 2023 – As a key player in the DeFi space, WeFi has demonstrated its growth and commitment through a series of noteworthy advancements. Building on the success of its IDO on Kommunitas and Spores, WeFi’s recent token launch on QuickSwap, listing on MEXC Global, strategic partnership with Gamma Strategies, and the unveiling of an enticing high-yield lending pool stand testament to the platform’s robust growth trajectory.
Post-IDO, which concluded on 5th May 2023, WeFi made a compelling entry onto the QuickSwap platform, providing users access to the $WEFI token on the Polygon network. With this launch, users can now benefit from the low gas fees and high-speed transactions offered by Polygon. Additionally, users can access the $WEFI token on MEXC Global, a leading digital assets exchange renowned for its user-friendly interface, secure environment, and diverse token selection. This dual-platform availability provides users with enhanced accessibility and choice in their trading operations.
Sharing the excitement about the recent developments, Pranjal Prashar, the Founder and CEO of WeFi, said, “It feels like just day 1, from our successful IDO to our token’s launch on QuickSwap and MEXC Global, we are excited about the progress we are making and the potential Omnichain DeFi holds for the wider DeFi community. Our lending pool is just one example of our core use cases”
In a strategic move, WeFi partnered with Gamma Strategies, a protocol designed for the non-custodial, automated, active management of concentrated liquidity pools. This collaboration aims to incentivize the $WEFI-ETH/WEFI-USDC liquidity position on QuickSwap.
This partnership with Gamma also sets the stage for a possible Chainlink oracle for $WEFI and dovetails with WeFi’s integration with LayerZero, which aims to establish $WEFI as an omnichain token across various blockchains.
“We are thrilled to collaborate with Gamma Strategies, which promises to bring in-depth management to our liquidity position,” adds Prashar. “This partnership holds enormous potential for optimizing the benefits for our users.”
Capping these developments, WeFi announced the forthcoming launch of its high-yield lending pool, promising an exceptional annual percentage yield (APY) of over 40%. This addition to WeFi’s diverse suite of pools, such as USDC, USDT, and WETH pools, presents users with an unparalleled opportunity to earn remarkable returns.
“With the debut of our high-yield lending pool, we aim to revolutionize the Omnichain lending landscape in the DeFi. This pool embodies our unwavering commitment to delivering novel and rewarding opportunities within the DeFi landscape,” Prashar added.
WeFi continues to demonstrate its dedication to innovation, user satisfaction, and the overall growth of the DeFi space. For more information about WeFi’s offerings, visit https://wefi.xyz/.
WeFi is a decentralized money market protocol that enables lending and borrowing of digital assets, allowing users to earn interest on them and invest in a variety of assets using borrowed funds. It provides a platform for investors seeking passive returns and skilled users desiring to generate higher returns using leverage and advanced strategies.
Stay up to date with WeFi’s exciting developments by joining our community on:
Contact Person Name: Nirmal Rathore
Email: nirmal@paxo.finance
Website: https://www.wefi.xyz/
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
In the crypto space, utility-driven tokens have historically demonstrated explosive growth, with Binance Coin (BNB)…
After nearly four years, Ripple has officially ended its long-running legal battle with the U.S.…
Altcoins may have just hit rock bottom — and that might be great news for…
After 4 years of long courtroom drama, Ripple’s legal fight with the SEC has finally…
Cryptocurrency exchange, Gemini, has announced the launch of its first tokenized US stock, MicroStrategy (MSTR),…
Altcoin season has not arrived yet, and expert Benjamin Cowen has explained why in his…
