WigoSwap — a DeFi platform that uses the Fantom Network to offer an automated market maker (AMM) along with NFT farm and marketplace. WigoSwap provides users with a fast and comprehensive protocol in the DeFi industry.
Benefits of DeFi WigoSwap
WigoSwap — a decentralized exchange (DEX) and platform for staking, farming, buying and selling non-fungible tokens (NFTs). Using DeFi protocols, users can provide liquidity to the DEX, trade various assets in a decentralized manner and receive rewards, shared between users. Taking into account the shortcomings inherent in existing solutions, WigoSwap aims to change DeFi solutions by emphasizing their adequate functioning. In addition, the crypto coin platform makes sure that the liquidity, provided by users, is channeled in a more positive direction.
WigoSwap provides users with comprehensive financial services that operate in a completely decentralized manner. Services include, but are not limited to, a decentralized exchange (DEX), a staking platform and liquidity pools. Moreover, WigoSwap has a number of near-unprecedented features, including NFT integration and DAO governance, which pave the way for element reallocation in the DeFi sector.
When you make a token exchange (trade) on an exchange, you pay a trading fee of 0.19%, distributed as follows:
| 0,18% | returned to liquidity pools as a reward to liquidity providers. |
| 0,01% | sent to the combustion mechanism (GBM). |
The WigoSwap team has carefully looked for ways to overcome the shortcomings of traditional finance along with the shortcomings of existing DeFi solutions. An example of the latter can be clearly seen in the high transaction fees, charged by existing protocols, as well as their low transaction rates due to their lack of sufficient scalability.
WigoSwap — a defense against the aforementioned problems. This is partly due to the fact that using the AMM mechanism leads to fast, secure and completely decentralized activity on the crypto exchange. Trading on the platform is carried out automatically. In addition, users can deposit their dormant funds in liquidity pools and benefit from high ROI (return on investment).
Using the Fantom blockchain
First of all, the Fantom blockchain network is a real example of an incredibly fast and secure network. Therefore, it attracts developers. In addition, its reliability and interoperability provide users with a network they can participate in without worrying about potential barriers.
Since current decentralized networks, especially those, built for financial transactions, have their own shortcomings, there is an ever-increasing need to review existing ones in search of a more patched platform that is not only capable of performing fast and secure transactions, but also effective in providing interoperability as a tool for connection of various blockchains. The approach, provided by the Fantom network, is believed to provide the innovation, needed in the DeFi sector.