Wasabix Finance — a yield-backed cross-chain synthetic asset and AMM DEX platform.
Contents:
Description of the Wasabix Finance
Wasabix's ambitious mission — to create a profitable cross-chain AMM DEX DAO. Wasabix operates on two networks: Ethereum and Binance Smart Chain. This is a community driven project that is governed by community votes on all major protocol changes.
The platform structure can be described by four products:
| Y.U.M. ETH | The ultimate machine with guaranteed returns on the Ethereum network. |
| Y.U.M. BSC | Ultimate Machine with guaranteed profitability on Binance Smart Chain. |
| The bridge | ETH-FTM-BSC bridge with profitability. |
| WasabiSwap | The first AMM DEX on the Fantom network. |
WasabiSwap — the first decentralized automated market making (AMM) exchange (DEX) on the Fantom network. WasabixFinance is going to release several products in the near future. Y.U.M. (Yield-backed Ultimate Machine) is a synthetic asset platform that gives you crop advances with a synthetic token, which is an interchangeable requirement for any underlying backing in the Y.U.M. protocol.
People, who own Staked WASABI, can vote. Currently, only proposals, posted by CORE on the Snapshot voting system, can be considered binding if accepted with a quorum.
What else should you know?
There is an introductory document on the site. It provides all basic information and answers to questions.
If you want to stay up to date with all innovations, subscribe to the community on the following social networks:
Smart contract audit is presented here. Anyone can view it.