Announcement on WGRT Yield Farming Pool Expiry and Token Release On September 25, 2020, WaykiChain started the Phoenix Yield Farming program that supported WICC/WGRT pledging to farm ROG. Up till now, 172,765,800 WGRT has been pledged and a total of about 2,500,000 ROG has been farmed. According to the release rules, the WGRT pledge pool lock-up term is 150 days and the release date is February 22, 2021. After 20:00 PM HKT today, when the last 16,800 ROG is farmed, all the locked WGRT will release automatically. Please check the token receipt in your WaykiChain wallet. For any questions, please…
Recently, BTC has been rising continuously and its price has broken USD 55,000, which is the qualifying condition for the release of a part of locked WGRT governance tokens. Hereby, WaykiChain team starts the release of 20% of the locked WGRT. This includes the WGRT prizes of the Synths Trading Contests, the WGRT airdrops, and other locked WGRT. Next, when the BTC price reaches USD 110,000, the rest 80% will be released.
This WGRT release is estimated to complete before February 26, 2021. Please check the token receipt in your WaykiChain wallet. For any questions, please feel free to contact @MeloCai in Telegram.
February 20, 2021
WaykiChain (WICC) Weekly Report (02.01–02.07)
l DEX contract: coin deposit/withdrawal added (100%)
l DEX contract: order submission method changed (100%)
l DEX contract: matching-related issues fixed (100%)
l WaykiTimes iOS: lock-up function developed (100%)
l WaykiTimes iOS: development of the Locked: trading function (90%)
l WaykiTimes Android: lock-up pop-up list developed (100%)
l WaykiTimes 3.0.11 tested (100%)
l DEX: previous xUSD/WUSD maximum limit price rules changed (100%)
l DEX: K-line chart interface developed (100%)
l DEX: trading history interface developed (100%)
l Wayki-X Android: development of the Locked: trading interface (80%)
l Fixing of issues in DEX contract
Public chain 4.0: logging of DEX order matching (100%)
Public Chain 4.0: custom fee settings for DEX orders and exchange platform permissions added (100%)
DEX contract: support of multiple token issuance contracts added (100%)
DEX contract: Memo field added to the matching interface to fix the repeated transaction issue (100%)
DEX contract: a buyer can pay the matching fee in a standard currency (e.g. in the WICC/USDT pair, USDT can be the “standard currency”) (100%)
Wayki-X contract: limit orders added (100%)
Wayki-X contract: coin short trade processing added (100%)
Developer Portal on the official website closed, Testnet Gateway page migrated…
After two hot weeks, at 12:00 PM on February 1, 2021, WaykiChain’s Synths Trading Contest 02 concluded! WaykiChain hereby announces Total Yield Rank and Daily Yield Rank as per the official statistics:
Early in the morning on January 31, WICC price experienced extreme fluctuations. Together with Huobi’s security team, WaykiChain has been actively investigating the reasons. We will announce the result first time we know it. Please wait patiently, do not spread unconfirmed information, and only follow our official channels for updates.
l DEX contract: Memo field added to the matching interface to fix the repeated transaction issue (100%)
l DEX contract: a buyer can pay the matching fee in a standard currency (e.g. in the WICC/USDT pair, USDT can be the “standard currency”) (100%)
l DEX contract: price uses the symbol and precision of the standard currency (100%)
l DEX contract: contract technical documentation arranged (100%)
l DEX contract: performance testing and use case design (70%)
l DEX contract: performance testing of matching (20%)
l WaykiTimes Android: push optimized (100%)
l WaykiTimes Android: bugs in the trading interface list fixed (100%)
WaykiChain has recently raised USD 3 million for DeFi ecosystem development in a round led by AEX and a total investment of USD 15 million.
According to the team, the funds will be mainly used to cultivate WaykiChain’s DeFi ecosystem, support and incubate high-quality DeFi projects, and ensure sufficient liquidity for its existing DeFi projects.
As one of the first public chains in China to step into the DeFi realm, WaykiChain boasts of the decentralized exchange Wayki-DEX, the synthetic asset issuance and trading protocol Wayki-X, and the collateral lending and stablecoin issuance protocol Wayki-CDP. The outlines of its DeFi ecosystem are starting to take shape.
Earlier in January, WaykiChain has announced a public election of 21 Super Nodes to kick off the decentralized governance. The raised funds will help WaykiChain expand its applied DeFi system and improve the asset turnover loop.
Having considered Wayki-X system safeguarding and the growing demand for synth trading, WaykiChain team will decrease the target collateral ratio in Wayki-X from 800% to 500%.
First, ROG has been generated continuously since genesis, however, its market cap is not enough to meet the synth trading demand. WaykiChain has decided to decrease the target collateral ratio to address this demand and to promote the issuance of more synths by users.
Second, since its launch, the “Pledge ROG Mint xUSD” system has been in safe and stable operation. Besides, currently, WaykiChain synthetic asset protocol does not support margin trading, therefore, trading…