Wault Finance is the most recent decentralized finance center to appear on the Binance Smart Chain.

The platform aims to bring together all of the significant use-cases in the DeFi domain under one roof. It also strives to maintain its ecology as basic as possible.

In this article, we want to go a little deeper to know what wault finance is and how it functions.

About Wault Finance

Wault Financial is a decentralized finance hub that integrates all of the main DeFi use cases into a single ecosystem based on the Binance Smart Chain and Polygon network.

In a nutshell, it’s an all-in-one DeFi Platform! We think that the benefits of DeFi should be available to the general public securely and straightforwardly, avoiding the high costs, complicated interfaces, and centralized decision-making seen in many present systems.

However, Bots, traders, and noncommittal speculators now dominate the DeFi market. Although at Wault, they think that token holders should own all of the protocol’s advantages.

We have created a one-of-a-kind framework with minimal fees, buyback, and burning mechanisms. These are intended to continuously raise the value of WAULTx and WEX while also rewarding active platform players.

What is Wault Finance?

Wault Financial is a decentralized finance initiative to connect all DEFI dots into a single ecosystem.

Wault Finance is committed to developing a powerful and user-friendly yield generator and loan aggregator.

The WAULT holders will be in charge of protocol development choices. Everyone is invited to work on and contribute to our open-source code.

How to Use Wault Finance

Since you are using the Binance Smart Chain platform, BNB coins are required to cover any transaction fees. Consequently, the first step is acquiring a BSC-compatible wallet, such as Metamask or the Binance Chain Wallet.

The next action is to confirm that you have BNB in your wallet. Check out these resources if you’re not sure how to achieve that:

How to Trade or Convert USDT to BNB on Binance

The above link also includes a step-by-step tutorial for moving BNB from your Binance account to your Binance Chain Wallet.

What are the Main Features of Wault Finance?

Wault Swap

WaultSwap is the name of Wault’s Automated Market Maker (AMM). It differs significantly from standard switching procedures. WaultSwap is a decentralized exchange (DEX) that charges as little as 0.20% in trading fees.

That is the most affordable transaction charge among the main DEXes on the BSC and Polygon ecosystems. That’s another thing to keep in mind! Wault, although being on the Binance Smart Chain, collaborates with other EVMs such as Polygon.

Wault Trade allows you to swiftly, inexpensively, and swap tokens in the BSC and Polygon ecosystems. It was introduced on April 27, 2021. In just 10 days, WaultSwap has 27 farming pools and a TVL (Total Value Locked) of over $700,000,000 globally.

Liquidity Mining

Wault Finance provides favorable APRs (Annual Percentage Rates) in exchange for liquidity. WaultSwap’s primary LP tokens are WEX-BNB and WAULTx-BNB.

Stablecoins such as USDC or BUSD can also produce LP (Liquidity Provider) tokens. Other well-known currencies like ETH, DOT, and LINK can also be utilized. The Wault Launchpad periodically launches new projects, each with its own LP.

Staking Pools

To obtain significant profits from these contracts, you can stake WEX or WAULTx tokens. You may access launchpad presales by staking WAULTx in the 30-Day Lockup Staking Pool.

Auto-compound Assets with Eleven.Finance

You can use your LP tokens for Farming and Staking on the Eleven.Finance platform.

Wault Locker

The Wault Locker, the first of its type on Binance Smart Chain, is a DApp (decentralized application) that locks liquidity for specified periods of time. According to its creators, “the Wault Locker delivers similar value as certain lucrative services on the Ethereum blockchain.”

This serves as a platform for financing and the introduction of new DeFi initiatives. It contributes to the liquidity of these new BSC initiatives. The liquidity raised is immediately locked and safeguarded using the Wault Locker the minute it is posted.

Wault also helps with the auditing procedure for these initiatives to safeguard the liquidity sources and assure the credibility of the new companies.

Since its inception in March 2021, the Wault Launchpad has successfully allowed several projects to launch their IDOs (Initial Dex Offerings), with investors reaping tenfold returns.

Building Partnerships

Going to the moon is what bitcoin slang refers to when a cryptocurrency’s price soars through the roof! It is a very long voyage to the moon; therefore, you’ll need a lot of fuel to launch your DeFi project there.

The WAULTx Token

The platform-wide governance token is called WAULTx. With a hard cap and a deflationary strategy, it grants token holders who take part in locked staking unique access to Wault LaunchPad’s presales.

What are the Features of the WAULTx Token?

Staking of the WAULTx token entitles holders to exclusive access to all Wault Launchpad pre-sales of incubated projects.
There is a hardcap on WAULTx of just 1,000,000,000 tokens. Regular burns continuously cut down this finite supply, lowering the number of tokens accessible.
The buyback and token burn mechanism increase prices by continuously driving up demand for purchases.
High APYs are offered by Wault as a reward for farming and staking the token.
When Wault governance is activated, WAULTx will be utilized to vote on platform-wide product advancements.

The Wault Exchange (WEX) Token

The Wault Exchange (WEX) coin is the foundational unit of account for Wault’s well-known decentralized exchange, WaultSwap. The token, which grants control over WaultSwap on BSC, also serves as an incentive for the liquidity providers who support WaultSwap.

What are the Features of the WEX Token?

Wex repurchase and burn costs are covered by about 0.06% of WaultSwap’s.2% transaction fees. This buyback and burn method to maintain deflationary pressure amounts to 100% of the protocol’s DEX income, distributed to token holders.
Every time Wault adds a new blockchain, token airdrops are given to WEX holders. Wexpoly, the most recent token from Wault, demonstrated this. Wault gave WEX holders a 50% increase in WEXpoly tokens when it opened its doors on Polygon.
By staking WEX, liquidity providers earn some of the highest APYs available on the platform in the farming pools.

The WEXpoly Token

WEXpoly is WaultSwap’s version of WEX that is only available on the Polygon network. The objective for its establishment was to offer Polygon users governance authority over the platform inside its own blockchain rather than splitting governance across numerous blockchains, as previous projects have done, only to see minimal participation and too many competing interests.

However, WEXpoly provides the same benefits to Polygon holders that WEX does to BSC users. The Polygon network is a level 2 blockchain based on Eth that offers low transaction fees and high speeds, comparable to BSC but with a different user base.

WEX and WEXpoly have reduced emissions by -2.5% each week, resulting in a long-term deflationary model. With 100% of WaultSwap’s protocol fees on both networks also being utilized on token buybacks and burns, as these DEXes and DeFi expand in trade volume, so will the values of WEX and WEXpoly.

Wault Finance includes three main products: Wault Swap, Wault Locker, and Wault LaunchPad.

WaultSwap

WaultSwap is the decentralized exchange of Wault Finance. As an AMM, the primary goal of the product is to provide additional liquidity for Wault Finance.

Furthermore, WaultSwap has done an outstanding job of this, garnering up to $1.5 billion USD in TVL across two chains. However, given what WaultSwap provides, it’s understandable.

WaultSwap’s main selling point is its inexpensive costs. Wault’s swap costs are only 0.20%, which is cheaper than any other significant decentralized exchange on BSC or Polygon, earning it a popular favorite.

Furthermore, Wault does not profit from these fees because 100% go to liquidity providers and the repurchase and burn of WEX tokens.

Consequently, WaultSwap has become the third largest DEX on Binance Smart Chain (BSC) regarding trade volume. WaultSwap quickly rose to the second rank on Polygon after its initial introduction, surpassing heavyweights such as SushiSwap.

This adds up to an impressive track record for a decentralized exchange that was just recently created.

Wault Locker

Wault Locker is a successful Decentralized Application (DApp) that allows users to lock liquidity for specific periods of time. Tens of millions of dollars have been parked in Wault Locker as the premier solution on BSC.

Wault LaunchPad

Due to the challenges many new businesses and initiatives encountered in gaining support and momentum on BSC, Wault developed one of the first fruitful LaunchPads there.

Since then, it has helped many businesses raise money and provide investors with returns of 10x or more.

To provide users trust in any presales hosted on Wault LaunchPad, Wault LaunchPad begins its service with a rigorous assessment of a project, determining whether it is authentic. The funds contributed for projects are likewise protected and kept secure in Wault Locker.

For the investors who utilize Wault, Wault ensures that the projects receive trustworthy audits and provides them with peace of mind.

Conclusion

DeFi is growing and prospering as a market sector at a phenomenal rate, and this growth has sparked fierce competition among players for access to the industry’s potential.

In DeFi, most platforms typically have a single domain of concentration. One factor to consider is the difficulty of entirely using all the opportunities offered by DeFi.

Although it is still too early to judge whether Wault Finance will be able to achieve the milestones it promises, enough time has gone by for this to be known.

The launch shows a lot of community support, which is encouraging. That said, only time will tell how Wault Finance performs.

Frequently Asked Questions on Wault Finance

What token type is Bitcoin?

Bitcoin is a cryptocurrency that uses virtual tokens or currencies to trade or make purchases.

How do you use Wault finance?

Staking on Wault Finance operates in much the same manner as it does on any other DeFi platform.

You insert your WAULTx tokens and wait a few moments before retrieving them with the prizes. When you stake WAULTx, you receive a substantial return from the Liquidity Mining Contract.

What are the 4 types of tokens?

Utility tokens.
Commodity tokens.
Security tokens.
Asset tokens.

How many tokens are there in the Wault finance ecosystem?

Supply Chain Management

Wault will have a maximum supply of 1,000,000 tokens.

What happened to Wault finance?

A flash loan attack has targeted Wault Finance, a decentralized finance enterprise on Binance Smart Chain and Polygon with a total value locked (TVL) of $335 million in its protocol.

FAQs