WallStreetBets DApp sees growing traction in the DeFi and traditional finance community.
WallStreetBets DApp Gets Noticed
WallStreetBets DApp (WSBDApp) has begun to turn heads in the decentralized finance (DeFi), and traditional finance space, as both WallStreetBets (WSB) and Mirror Protocol retweeted a recent WSBDApp tweet. From just a wild financial subreddit, the WSB brand is taking on another level.
The WallStreetBets themed decentralized application, WSBDApp, has begun to gain much traction in the crypto community. With the recent exposure via WallStreetBets and Mirror Protocol’s retweets, WSBDApp could see a flurry of new users. WSBDApp’s now popular Twitter post was first published on July 28th.
“Fractional shares, 24/7 availability, borders ignored… Lines between Wall Street and crypto are blurring” WallStreetBets tweeted on July 28th commenting on WSBDApp’s tweet.
At the current moment, WSBDApp’s tweet has over 200 likes. The attention that WSBDApp has been given is significant for a developing protocol. WallStreetBets’ Twitter has over 555,000 followers, and Mirror Protocol has over 51,000 Twitter followers.
Not only that, but both WallStreetBets and Mirror Protocol are well-connected institutions, and showing their support for WSBDApp goes a long way.
What is The WSBDApp?
The WSBDApp is a decentralized application that promises to blend traditional Wall Street investing with decentralized finance investing. The application looks to empower regular investors by providing them tools, investing options, and far less regulation than traditional Wall Street investing.
The WSBDApp aims to offer a broad mix of assets for investors, including leveraging securities, crypto assets, synthetics, stocks, commodities, and ETFs, according to a Medium article published on July 20th.
Interestingly, many decentralized protocols have moved away from crypto assets that track and reflect actual stock prices, either due to regulation or headache. This may pose a threat to the longevity of the protocol, but for with the current lack of regulation it can be seen as an asset.
WSBDApp looks to fill the recent void. The protocol has its sights set on creating an investing ecosystem that allows investors to trade crypto assets, especially synthetics that reflect stock prices.
Where to Find WallStreetsBets DApp:
Source : bsc.news
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