On June 23, 2023, the WEMIX$ Module was officially launched, allowing users to exchange WEMIX$ for an equivalent amount of USDC.e. This module aims to stabilize WEMIX$ and improve its liquidity.
What is USDC.e?
USDC.e is a digital asset based on Circle’s USDC standard and Chainlink’s Cross-Chain Interoperability Protocol (CCIP). It allows for the use of Ethereum-based USDC on the WEMIX3.0 mainnet. Users can convert USDC.e to native USDC on Ethereum via the CCIP Transporter bridge and use it on-chain or transfer it to centralized exchanges for trading.
Details of the WEMIX$ Exchange Service
The WEMIX$ Module offers the following exchange terms: • Service: Exchange WEMIX$ for an equal amount of USDC.e, regardless of market price. • Exchange Fee: 0.25% • Daily Limits: - Up to 10,000 WEMIX$ can be exchanged per day. - Up to 3 exchange requests can be made per day within the 10,000 WEMIX$ limit. • Daily limits reset at 00:00 (KST) every day. Users must hold a sufficient amount of WEMIX in their wallet to cover gas fees.
Goals and Plans of the WEMIX$ Module
The primary goal of the WEMIX$ Module is to stabilize WEMIX$. This service allows WEMIX$ holders to minimize the impact of price fluctuations and slippage during exchanges. The team continues to monitor the module's effectiveness and plans to make necessary improvements. In conclusion, the team expresses gratitude to all users who patiently awaited this exchange service.
The launch of the WEMIX$ Module and the ability to exchange for USDC.e may contribute to improved stability of WEMIX$ and its further use within the ecosystem. It is important to note the potential volatility risks associated with such exchanges, requiring users to be cautious when performing transactions.
