WaltsWorld — a decentralized reserve currency protocol, based on the WALT token and aimed to create a community-owned decentralized financial infrastructure for the crypto world with its own ecosystem.
About the WaltsWorld project
Building on the ecology of WaltsWorld, continue to build BranchDAOs, based on different areas of investment, continuing to increase the income of the treasury.
The developers believe that in the long term, this system can help to optimize stability and consistency so that WALT can function as a global unit of account and medium-of-exchange currency. In the short term, the team intends to optimize the system for growth and wealth creation.
Market participants have two main strategies - staking and bonding:
| 1 | Stakers stake their WALT tokens in exchange for more WALT tokens. |
| 2 | Whereas obligators provide LP, BUSD or USDT tokens in exchange for WALT tokens at a discount after a fixed vesting period. |
The main benefit for stakers comes from increased supply. The protocol mints new WALT tokens from the treasury, most of which is distributed among the participants. Thus, profits for stakers will come from their auto-adding balances, although price risk remains an important factor. That is, if the increase in the balance of tokens outpaces the potential drop in price (due to inflation), the stakers will profit.
The main advantage for obligators - price stability. The obligators contribute upfront capital and are promised a fixed income at a set point in time. This yield is in WALT and the guarantor's return will depend on the price of WALT at maturity of the bond. Bonds benefit from rising or static WALT prices.
More about defi app on Binance
Dollar-pegged stablecoins have become an integral part of crypto due to their lack of volatility, compared to tokens like bitcoin and ether. It is convenient for users to transact, using stablecoins and knowing that their purchasing power is the same today and tomorrow. But this is a delusion. The dollar is controlled by the US government and the Federal Reserve. This means that the depreciation of the dollar also means the depreciation of these stablecoins.
WaltsWorld aims to solve this problem by creating a free-floating reserve currency, WALT, backed by a basket of assets. By focusing on supply growth rather than price increases, WaltsWorld hopes that WALT can function as a currency that can maintain its purchasing power regardless of market volatility.