TVL > 100K
What is WanSwap (WASP)?
A platform called WanSwap functions as a decentralized exchange, providing users with a variety of opportunities. This project runs on the Wanchain blockchain for the following purposes: swapping, providing liquidity, depositing, and supporting a voting system. The decentralized protocol allows excluding intermediaries in user transactions. By the way, WanSwap has become one of the first to solve the acute problem of all decentralized exchanges: supporting only native and compliant tokens of the particular network the project runs on. In this context, using wrapped tokens is the solution to this situation. So, users can swap various digital assets and then convert the wrapped tokens back to the original ones, using bridges based on Storeman Node. Users who have added liquidity to the pool start to earn rewards. The rewards consist of a share of fees that traders pay for a swap. It is possible to create your own pair or put liquidity in an existing one. Moreover, providers have the opportunity to stake LP tokens using the yield farming platform and obtain WASP tokens that are native to WanSwap. Their number depends on the pro rata of the liquidity pool and the duration of staking.
Who are the founders of WanSwap (WASP)?
Almost nothing is known about the founders of the project. The team is private, but WanSwap is a community-based project, a democratic platform, thanks to a governance WASP token.
What makes WanSwap (WASP) unique?
Although many things are hidden, users can notice that the team is doing its best to move WanSwap toward one of the best options across existing cross-chain AMM DEXes. It is achieved through the introduction of unique features. So, WanSwap takes advantage of the cross-chain function of Wanchain to enable trading between tokens from multiple chains. On top of that, any transactions are faster and cheaper here. Apart from multichain trading, users can also stake WASPs or use double farming to earn additional rewards on the ZooKeeper platform in the form of ZOO.