WeFi, the main decentralized finance (DeFi) protocol, is happy to announce the upcoming launch of the zkSync-era alpha mainnet. in 2023 March. After efficiently launching its alpha model on Polygon, WeFi continues to develop its attain and capabilities.
As well as, WeFi has launched a liquidity marketing campaign on the SyncSwap DEX, which can award 20,000 WeFi tokens to preliminary WeFi token holders and liquidity suppliers on the WeFi/ETH pair SyncSwap. This marketing campaign will run from 2023. July 14 till August 14 members can be provided engaging incentives to affix the WeFi ecosystem.
In line with Pranjal Prashar, CEO of Wefi, “With zkSync, WeFi goals to offer customers with quick and cost-effective transactions whereas offering better safety and scalability. This strategic transfer is in step with WeFi’s dedication to offering a complete person expertise.
The latest launch of the WeFi testnet model of zkSync, which amassed a powerful 12,000 whitelists on day 1, was a serious milestone for the mission. The Whitelist marketing campaign stays energetic all through the month of July, providing members the chance to affix and acquire unique entry to its core program and different advantages.
Wefi has additionally listed its token on SyncSwap, a decentralized alternate (DEX) with the very best liquidity in zkSync. Customers can now commerce WeFi utilizing the zkSync WeFi/ETH buying and selling pair. WeFi makes use of the LayerZero OFT customary to make its tokens accessible throughout completely different blockchain networks.
Wefi’s zksync launch will permit liquidity suppliers to produce liquidity and earn engaging yields on Base and Rewards APYs. Wefi will initially assist main tokens similar to USDC, USDT.
Customers may also have the ability to commerce fungible tokens like BTC, ETH and different tokens with solely 20% deposit and 80% leverage. Curiosity on the WeFi platform is 80% cheaper than different DeFi weighted buying and selling protocols.
Wefi protocol ZKsync may also be lined. Each debtors and lenders can be lined in case of hacking or exploitation. Though Wefi has had 3 audits from well-known corporations together with Pecksheild, Unore and Quillaudits, insurance coverage is a vital and elementary proposition that the defi neighborhood appreciates and values.
About zkSync
zkSync is a Layer 2 scaling resolution for Ethereum designed to carry out quick transactions with low fuel charges with out compromising safety. As a trustless protocol, zkSync makes use of cryptographic proofs of validity for scalable and cost-effective operations. By offloading calculations and storing most knowledge off-chain, zkSync offers the identical stage of safety as the primary Ethereum chain.
About Wi-Fi
WeFi is an on-chain “leveraged storage” protocol that operates in a permissionless and trustless method. The protocol permits customers to interact in leveraged trades, farms and leveraged betting alternatives. With WeFi, customers can borrow funds to spend money on fungible or non-fungible tokens, actual token belongings, or leverage revenue farms and mutual funds. Utilizing a walled backyard strategy referred to as Vault, WeFi reduces the danger for lenders. At present working on the Polygon community, WeFi boasts a vibrant neighborhood of 70,000 members on Twitter, Telegram and Discord. The protocol has been cross-checked 3 times, most not too long ago by Pecksheild & UnoRe.
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