Wault Finance revealed the framework and features that the new platform will offer its users.
Wault Unveils Details After Rebranding
Wault Finance has now concluded their branding vote on Nov. 10, and the protocol has announced new features for the platform via a Twitter post.
The first major proposal for the revamp of the protocol has been accepted by the token holders and passed, which will bring about the token merge and rebranding of the protocol to “Thorus.” The protocol has released an article explaining more on 5 of the ten new features that the new platform will bring the users.
“This new model will have a token holder first approach. All protocol functions are designed to reinforce this mentality. Each feature is part of a NEW ecosystem that continually drives value back to the newToken, benefiting holders and stakers above all,” mentioned Wault Finance in their official Medium blog about its new platform.
The new protocol will consist of the products listed below –
Automated Market Maker (AMM) Decentralized Exchange (DEX)
Revamped Farms
Bonds
Treasury
Improved Emission Allocation Schedule
Revamped Stabelcoin
Improved Launchpad
Governance Rights
Modified Pool Section
Single Merged Token
The new token model of the platform will merge the 3 token model to a single token as a part of the first phase of the revamp. The new token will be exchangeable for various token ratios for each of the older tokens as given below:
1 newToken = 1,368 WEX
1 newToken = 445 WAULTx
1 newToken = 5,048 WEXpoly
About Wault Finance
Wault Finance is a DeFi hub whose main objective is to connect primary use-cased on Binance Smart Chain (BSC) and Polygon blockchain networks within a singular ecosystem. The rebranding and restructuring of the protocol is a step in the direction of the DeFi 2.0 sphere.
Find more about Wault Finance here:
Website | Twitter | Youtube | Github | Telegram | Medium | Discord | Docs |
Source : bsc.news
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