Just like the rest of the Wise Ecosystem, fairness is the #1 priority!
We built WiseSwap to launch fairly and maintain fairness in every aspect.
How?
Firstly, what does it say about #DeFi that we have to specify a fair launch?
The point of decentralized finance is that it’s equal opportunity for all, and that no one entity or person benefits more than the rest (or off of the rest).
So why are DEXs taking profits?
Perpetuating a top down, venture-style model is something DeFi must get away from.
Profit taking destroys the capital efficiency of blockchain and is the antithesis of a decentralized ethos.
This is why the entire Wise Token Ecosystem (including the DEX) is 100% not-for-profit.
In this spirit of true fairness and decentralization, we didn’t create another baseless, hyper-inflationary DEX token to pay out LP rewards.
There is NOTHING fair about the traditional DEX token; unlimited minting, unequal distributions to the team and VCs, and — at their core — no inherent value.
Using revenue to pay Liquidity Providers in the native coin of the network fixes all of that.
Of course WiseSwap will also be #audited to ensure the highest degree of fairness and security.
A big thank you to @Quantstamp, who are truly the best in the industry.
As a part of the DEX’s Fair Launch, we are building out a user interface for the entire community to test the DEX prior to mainnet launch.
But the fair launch doesn’t stop with the DEX. After WiseSwap launches on mainnet we will launch into Phase Two…!
Phase Two brings a whole ecosystem of fair launch, not-for-profit financial services to Casper.
These include:
• Staking
• Insurance & Collateral Staking
• Lending and Borrowing
• NFT Marketplace
• NFT Collateral Service
And a Fair Launch token – $WISC – to power it all!
Fairness is truly what Wise Token is about — and we have the track record to prove it.
WiseSwap – DEX on Casper
What’s a Fair Launch DEX?
Just like the rest of the Wise Ecosystem, fairness is the #1 priority!
We built WiseSwap to launch fairly and maintain fairness in every aspect.
How?
Firstly, what does it say about #DeFi that we have to specify a fair launch?
The point of decentralized finance is that it’s equal opportunity for all, and that no one entity or person benefits more than the rest (or off of the rest).
So why are DEXs taking profits?
Perpetuating a top down, venture-style model is something DeFi must get away from.
Profit taking destroys the capital efficiency of blockchain and is the antithesis of a decentralized ethos.
This is why the entire Wise Token Ecosystem (including the DEX) is 100% not-for-profit.
In this spirit of true fairness and decentralization, we didn’t create another baseless, hyper-inflationary DEX token to pay out LP rewards.
We’re using $CSPR instead!
50% of DEX revenue goes to paying for the $CSPR, while the other 50% goes to a profit-sharing Equity Pool.
Why pay rewards in $CSPR?
There is NOTHING fair about the traditional DEX token; unlimited minting, unequal distributions to the team and VCs, and — at their core — no inherent value.
Using revenue to pay Liquidity Providers in the native coin of the network fixes all of that.
Of course WiseSwap will also be #audited to ensure the highest degree of fairness and security.
A big thank you to @Quantstamp, who are truly the best in the industry.
As a part of the DEX’s Fair Launch, we are building out a user interface for the entire community to test the DEX prior to mainnet launch.
But the fair launch doesn’t stop with the DEX. After WiseSwap launches on mainnet we will launch into Phase Two…!
Phase Two brings a whole ecosystem of fair launch, not-for-profit financial services to Casper.
These include:
• Staking
• Insurance & Collateral Staking
• Lending and Borrowing
• NFT Marketplace
• NFT Collateral Service
And a Fair Launch token – $WISC – to power it all!
Fairness is truly what Wise Token is about — and we have the track record to prove it.
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