WOWswap — a leveraged decentralized trading protocol that runs on top of Pancakeswap DEX, powered by Binance Smart Chain. With WowSwap, traders can buy and sell their favorite tokens with up to 5X leverage by borrowing additional BNB from the credit pool. Liquidity providers can supply BNB to a credit pool and receive interest from traders.
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Description of the WOWswap project
In Decentralized Finance (DeFi), leveraged trading should also be decentralized: the community should be able to create and manage shared liquidity pools and decide on leveraged trading rules.
Using WOWswap smart contracts, individual liquidity providers manage shared liquidity pools and traders use these funds to fund their leveraged transactions on decentralized AMMs. All important protocol parameters such as tokens, approved for leveraged trading, liquidation margin, insurance fees, liquidation fees, lending rates, commissions for traders and liquidity providers are collectively determined by the holders of the WOW token.
Why should you trust this project:
| 1 | 55% of WOW tokens will be distributed to liquidity providers, calling for margin, and traders to facilitate the expansion of the protocol. |
| 2 | Team tokens are locked and transferable for 18 months. |
| 3 | WowSwap charges 5% of the profits, generated from leveraged transactions, to buy back and burn WOW tokens and create an insurance fund. |
WOWswap will launch with the most liquid tokens on PancakeSwap for leverage up to 5, including WOW, ETH, BTCB, CAKE, AUTO, BSCX, DOT, UNI, YFI, XVS, SFP, JULD, BIFI, UNFI, SPARTA, ALPHA. , BRY, TWT, SXP, zSEED, BDO, LINK, BAND, ADA, ATOM, LIT, FIL and LTC. Later, the community of WOW token holders will be able to vote to add any token to trade on WOWswap.
What else should you know?
On the main page of the platform, you will see the "About" section. It provides a brief description and answers to questions. There is a separate introductory document and WhitePaper.
From social networks is conducted:
- twitter;
- telegram;
- blog.
Join and become part of the community. The smart contract doesn't have an audit.