WasabiX(WASABI) Coin Complete Detailed Review About WasabiX

What WasabiX(WASABI) ?

WasabiX Finance is a cross-chain zero-interest lending platform that takes user’s future yield as collateral to increase capital efficiency by up to 1.5x. It helps retail users to maximize yields and save money on gas fee by periodically compounding the returns. WasabiX’s ambitious goal is to maximize investors’ yield reward and capital efficiency with ease. Currently operates on two networks: Ethereum and Binance Smart Chain. are a community-run project, governed by the community vote for all major changes to the protocol.

WasabiX (WASABI) Point Table

Who Are The Founder Of WasabiX(WASABI)?

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WASABI Price Live Data

The live WasabiX price today is $0.104237 USD with a 24-hour trading volume of $689.87 USD. update WASABI to USD price in real-time. WasabiX is down 4.08% in the last 24 hours. The current CoinMarketCap ranking is #6210, with a live market cap of not available. The circulating supply is not available and a max. supply of 28,000,000 WASABI coins.

If you would like to know where to buy WasabiX at the current rate, the top cryptocurrency exchange for trading in WasabiX stock is currently SushiSwap. You can find others listed on our crypto exchanges page. Wasabix’s ambitious mission is to build a cross-chain yield-backed AMM DEX DAO. Currently Wasabix operates on two networks: Ethereum and Fantom.

How Does Wasabix work

Step 1 – Deposit your tokens to WasabiX’s strategies. Currently on WasabiX-ETH supports wBTC, ETH, wETH, LUSD, DAI; WasabiX-BSC supports BUSD.

Step 2 – Collaterals(Deposited tokens) are deposited into one of WasabiX strategies you’ve chosen. (This could be YearnV2, Vesper, Bunny..etc)

Step 3 – A debt allocation, with zero interest, is assigned to the borrower to mint 50% of its collaterals in waToken. Let’s say you’ve deposited 100 wETH to Wasabix, you will be able to mint up to 50 waETH.

Step 4 – User’s 100 wETH is now been deposited into strategies from Wasabix to earn APY, and user borrowed 50 waETH to be deposited into WasabiX farm pool to earn an extra APY in WASABI.

Step 5 – User’s 50 waETH debt is auto-repay by the collateral’s earning(100 wETH deposit) every block. User can mint more waToken every block, because it’s collaterals are generating income to pay back its debt.

Step 6 – User can also convert the waToken to other tokens to boost the capital efficiency with ease.

WASABI Token Emission

Although WasabiX operates on two networks, the numbers are clear and can be broken down as follow:

Token emission number ETH Network: 30,380 WASABI/Week BSC Network: 3,326.4 WASABI/Week Polygon Network: 6,841 WASABI/Week

WASABI Token Distribution

The token distribution will be the following:

• The WasabiX DAO will receive 7.5% of the token emission. Usage of these tokens is completely up to the community’s discretion.
• The WasabiX Experience will receive 7.5% of the token emission. Usage of these tokens is for future collaboration, marketing, bug bounties and project investment.
• All the revenue and those 15% of the token emission above is in a multi-sig wallet secured by the core team.
  • Multi-sig address – 0xAE12469bf1ddB16082C010DFaBD293010bB8D5f5
• The core team will receive 30% of the token emission. The 30% will split into 7 core members –
  • 0xAdammathieu, 0xKaizen, 0xAntarex, 0xJefferyWasabi, 0xegregium.
• The remaining 55% of the tokens can be obtained by staking certain tokens and liquidity pool tokens in the Farms. Token Stakers and liquidity providers are eligible to obtain those WASABI block reward.

This token distribution allocates a large majority of tokens to those who contribute to the WasabiS Finance. The token distribution assures that no one from the development team will have enough tokens to control the protocol while rewarding them for their work and incentivizing them to continue working on the platform.

Voting on the WasabiX DAO

To vote on the WasabiX DAO, users need to lock vote lock their WASABI. By doing so, participants can earn a boost on their provided liquidity and vote on all DAO proposals. There is no minimum voting power required to vote.

Faq Of WasabiX