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From the first quarter of 2019, the WaykiChain brand has rolled out several products alongside lending system packages. The latter include Wayki-DEX, Wayki-CDP, and WICC Collateral Insurance. This is a brand that is always working on the constant expansion of the DeFi ecology. As for WICC Collateral, it is almost 45 million tokens, and as close to USD 3 million has been recorded for WUSD stable coin loans. All of these are incorporated at different levels in the forms of payments, pre-IPO stock on the floor of Asian exchanges, and trading deals.
As it is focused on achieving a comprehensive DeFi public chain, WaykiChain has deployed several strategies. One of these is the creation and release of a synthetic asset issuance protocol which is named Wayki-X. It is decentralized in nature and it went through rigorous testing because of its launch on the
25th of September. As WaykiChain is not a chain that is resting on its oars, it has also released the Phoenix Yield Farming for ROG. That particular launch was to meet the needs of the most important token in the Wayki-X ecosystem.
Knowing More About Wayki-XDecentralized in nature, it is a synthetic asset issuance protocol and it is dependent on WaykiChain. With it, it becomes possible to do issuance of synths concerning digital assets like Bitcoin and Ethereum or even stocks on the Hong Kong and the United States exchanges. The same thing applies to gold, platinum, other precious metals, and forex. A good side of this is that investors and other stakeholders stand to rake in very tangible profits.
It also comes with additional advantages and features. Wayki-X does not need instant counterparties and this allows it to be able to handle problems relating to gapping and liquidity as observed frequently in the DEX niche. With this tool, the brand has been able to get rid of the obstacles at different segments of the market.
Information on ROGRods of God (ROG) is the branded token of Wayki-Clinical empathy and it is a very crucial focus on the synths. It can get its generation done via the staking on WGRT and WICC platforms. No initial coin offering, pre-mining, or even reserves for the founders are needed.
All the stakeholders need to do is to incorporate ROG alongside a smart contract so that the synthesis of xUSD can be done. In a case where a stakeholder possesses xUSD, the synthesis of any asset in the niche can be done.
Further Info:
Official Site: http://www.waykichain.com/
Twitter: https://twitter.com/wayki_chain
Telegram: https://t.me/wiccofficial
Reference from: https://medium.com/@waykichainwicc/waykichain-launches-phoenix-yield-farming-with-wicc-wgrt-dual-pool-4f822ca3fb4b