What is WagmiDAO (GMI) ?
WagmiDAO (GMI) is the first multi chain reserve-backed decentralized exchange (RDEX). It’s focused on continuously growing its own Treasury and the value of its native token. The whole idea of WagmiDAO is inspired by some of the best known modern DeFi protocols — Olympus DAO, Frax and the AMM DEX model.
WagmiDAO (GMI) The WagmiDAO combines the already established Liquidity Mining, with Bonds and builds an AMM DEX on top with the partly collateralized stablecoin $FAM being the cornerstone of the Treasury earning yield through external protocols and thus raising the floor price for the $GMI token through externally realized revenue.
WagmiDAO (GMI) is being launched first on the Harmony Network, with more chains in development. It is fully committed to a fair-launch, meaning there are neither any seed rounds, private funding, nor any VCs Users are incentivized to provide funds for the Liquidity Pools and to purchase Bonds on WagmiDAO in order to earn the native token – $GMI.
WagmiDAO (GMI) is capable of supporting the $GMI tokens’ floor price. All value accrued by the Treasury is focused on growing the $GMI tokens’ floor price, and thus increasing the value of the whole ecosystem.
WagmiDAO (GMI) Coin Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | WagmiDAO |
| Short Name | GMI |
| Fully Diluted Market Cap | $29,896,628 |
| Max Supply | 500,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Bonds
WagmiDAO (GMI) Liquidity Providers are given the chance to buy $GMI at a discount, in exchange for their LP tokens, or other crypto-assets. Bonds allow to be the first RDEX to own a large percentage of its Liquidity and further help growing the Treasury, which ensures a higher $GMI token floor price. Bonds add another opportunity to get profit, therefore incentivizing participants of the protocol to provide more Liquidity.
The $FAM Stablecoin
WagmiDAO (GMI) $FAM is a partially collateralized stable coin inspired by Frax Protocol and Olympus DAO, and aims at improving the functionality frameworks of the , by minimizing the element of uncertainty. $FAM is designed to grow the value locked in the Treasury by utilizing the collateral to generate yields through other protocols.
Treasury
WagmiDAO (GMI) Treasury is the backbone of the ecosystem. It’s being developed combining various parts of and is designed to grow constantly, which also raises $GMI token’ floor price. All trading fees and rewards that accrue to the Treasury will be used to earn additional Yields.
Trading
WagmiDAO (GMI) is an automated market maker (AMM), that allows for any combination of available token pairs to be swapped. charges a 0.3% trading fee, of which:
- 0.15% are going to the treasury
- 0.15% are going to the Liquidity Providers
Exchange
WagmiDAO (GMI) is the first multi chain reserve-backed decentralized exchange (RDEX). It’s built by combining an Automated Market Maker with owning parts of its liquidity.
Swapping/Trading
WagmiDAO (GMI) is the core function of the protocol using both provided liquidity as well as Bonds in order to ensure a stable amount of liquidity for traders. On trading can be executed without the need to use a Centralized Exchange. Everything you do on is routed directly through your own wallet in a non-custodial way – no need to trust someone else with your funds. has a 0.3% trading fee. The fee is paid by any trader who executes an order. After that, it’s split in half:
- 0.15% goes to the Treasury.
- 0.15% goes to the Liquidity Providers.
Liquidity Pools
WagmiSwap allows for its users to add a pair of Crypto assets into a Liquidity Pool, receiving LP tokens representing their share. After they do that, they start receiving a proportional part of the trading fees of the pool.