WX Network is introducing three new pairs to the Liquidity Pool to support the Waves token. These include WAVES/BUSD, WAVES/USDT, and WAVES/USDC. Users can vote for pools to be awarded the WX Emissions Label on the Governance page.
provide more liquidity
WX Network is a full featured liquidity platform for self-sovereign crypto management. With the new solution, users can provide liquidity to these pools and earn up to 70% base APY on the pool page. The company wrote in a tweet:
Furthermore, instead of being required to deposit equal amounts of a pair of tokens into a given pool – for example, USDN and WAVES for a WAVES-USDN pool – users can now provide liquidity with just a single token. smart contract automatically does the rest.
WX Native Token helps users earn passive income while giving voting and boosting power to locked WX token holders who receive gWX. Through voting, WX holders can influence the development of the platform, verify tokens, support new pool launches, modify Liquidity Pool APY rewards, and soon – the WX token distribution rate, Fee amount and many more.
founder of waves, Sasha Ivanov noted on Twitter that Wx, Wires, Swope, Egg, and West are the first coins in the Waves Ecosystem Index. He then gave more details on WX Network, saying:
Ripple issue will not affect WX network
On December 19, on the Waves blockchain-based platform, Bitcoin It briefly traded above the $24,000 mark as holders pulled money out of the exchange. The reason for the sudden exit of token holders was the decision by the DEX platform to upgrade its withdrawal gateway. This influenced popular digital coins, such as bitcoin and Ethereum, Some of those who tried to exit the exchange by selling their assets at higher prices could buy Waves, whose entrances were still open.
According to Ivanov, the stage entrances were temporarily closed To update developers working on bridges to blockchain. However, later a stampede broke out The Fall of the Stablecoin Neutrino (USDN), which was supported by the Waves platform. After South Korea’s Upbit, a major exchange, warned investors about the coin, it began to fall.
Despite the recent volatility, Ivanov said that the possible collapse of USDN will not affect the operation of the DEX or the platform. He also mentioned his plan to pledge more than 300% of the token with Waves Token.
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