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WeFi, a number one decentralised finance (DeFi) leveraged protocol, is happy to announce the upcoming alpha mainnet launch on zkSync period. After efficiently launching its alpha model on Polygon in March 2023, WeFi continues to increase its attain and capabilities.
As well as, WeFi has launched a liquidity marketing campaign on SyncSwap DEX, the place 20,000 WeFi tokens can be rewarded to preliminary WeFi token holders and liquidity suppliers within the WeFi/ETH pair on SyncSwap. This marketing campaign will run from July 14th to July 14th August, 2023, providing members enticing incentives to interact with the WeFi ecosystem.
In response to Pranjal Prashar, CEO, Wefi,” By deploying on zkSync, WeFi goals to offer customers with quick and cost-effective transactions whereas making certain enhanced safety and scalability. This strategic transfer aligns with WeFi’s dedication to delivering an omnichain person expertise.“
The latest launch of WeFi’s testnet model on zkSync, which garnered a powerful 12000 whitelist entries on day 1, marked an essential milestone for the challenge. The whitelist marketing campaign stays lively all through all the month of July, providing members the chance to affix and get unique entry to its mainnet app and different advantages.
Wefi has additionally listed its token on SyncSwap, the decentralized change (DEX) with the very best liquidity on zkSync. Customers can now commerce WeFi on zkSync beneath the buying and selling pair WeFi/ETH. WeFi leverages the LayerZero OFT customary to make its tokens accessible throughout totally different blockchain networks.
Wefi’s zksync launch will enable liquidity suppliers to produce liquidity and earn enticing yields in Base and rewards APY. Wefi will help main tokens comparable to USDC, USDT initially.
Customers can even have the ability to commerce fungible tokens comparable to BTC, ETH and different tokens by contributing simply 20% and taking 80% leverage. Curiosity on WeFi platform is 80% cheaper than different DeFi leveraged buying and selling protocols.
Wefi protocol on ZKsync can even be insured. Each debtors and lenders can be coated incase of a hack or exploit. Regardless that Wefi has accomplished 3 audits from reputed corporations together with Pecksheild, Unore and Quillaudits, insurance coverage is a crucial and important providing that the defi group values and appreciates.
About zkSync
zkSync is a Layer 2 scaling resolution on Ethereum designed to offer quick transactions with low fuel charges with out compromising safety. As a trustless protocol, zkSync makes use of cryptographic validity proofs to allow scalable and cost-efficient transactions. By offloading computation and storing most knowledge off-chain, zkSync ensures the identical degree of safety because the Ethereum mainchain.
About WeFi
WeFi is an on-chain “composable leverage vault” protocol that operates in a permissionless and trustless method. The protocol empowers customers to interact in on-chain leveraged trades, leveraged farms, and leveraged staking alternatives. With WeFi, customers can borrow funds to spend money on fungible or non-fungible tokens, real-world tokenized property, or leverage yield farms and staking swimming pools. By implementing a walled backyard strategy often known as the Vault, WeFi mitigates dangers for lenders. At the moment reside on the Polygon chain, WeFi boasts a vibrant group of 70,000 members throughout Twitter, Telegram, and Discord. The protocol has undergone three audits, with the newest one performed by Pecksheild & UnoRe.
For media inquiries, please contact:
Identify: Nirmal Singh
Title: CMO
E mail: [email protected]
Web site: https://wefi.xyz/
Twitter: https://twitter.com/wefi_xyz
Telegram: https://t.me/wefi_xyz
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