Wault.Finance — a decentralized financial center that plans to consolidate all major DeFi use cases into one simple ecosystem on Binance Smart Chain. The developers believe that the benefits of DeFi should be accessible to the masses and work intuitively. With these goals in mind, a protocol was created with some unique features that will increase the wealth accumulation opportunities for users.
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Description of the Wault.Finance project
The creators of Wault.Finance believe in open and decentralized governance. This is why WAULT token holders will be able to vote and decide all aspects of the future path of the protocol. However, Wault has a unique tax and levy structure, designed to redistribute wealth from speculators to active participants in the platform.
This meaningful reallocation will not only maintain high APYs for liquidity pools and rates indefinitely, but will also provide sufficient funds for marketing and development departments to focus on innovation and scaling. These funds will come from outside parties, constantly adding new capital to the ecosystem to drive the growth of the protocol. Every time a transaction occurs, a tax of 2.2% is applied. In addition, 0.8% of this transaction size is taken from the combined group of inactive wallets that are not participating in the protocol.
Mining features:
| 1 | WAULT token liquidity mining will be available for the first few months. |
| 2 | In order to spread well among the users of the platform. The reward will decrease by 50% every 10 days. |
| 3 | LP pools have been deprecated and only hosting multiple WAULT pools with one asset remains. LP pools are moving to the new AMM-WSwap. |
The Wault Staking contract runs for both management and mining at the start of the project. Everyone who bets WAULT will receive a portion of the tokens, allocated under our Liquidity Mining Contract. In addition, anyone who has placed tokens in our placement contract will be able to vote and participate in the governance of the platform.
Additional information
There is a blog, where articles are available.
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