100,000 ROG Generated in WaykiChain Dual-pool Yield Farming
On September 28, the WICC pool collateral broke 20 million tokens and the WGRT pool collateral reached 64 million tokens. The TLV of ROG Genesis Yield Farming nears USD 6 million. The pools have generated 67,200 and 33,600 ROG, respectively, making a total of about 100,000 tokens. The maximum annual percentage yield (APY) is 2,654% for WICC and 8,798% for WGRT (including the additional ROG rewards by inflation).
The recently launched WaykiChain’s decentralized synthetic asset issuance protocol Wayki-X supports pledging and trading. Users can pledge ROG to mint the xUSD stablecoin, get the bonus ROG rewards by inflation and a part of Wayki-X fees, and pledge the ROG rewards again for higher earnings in Genesis Yield Farming. Users can also trade various synths like mainstream cryptocurrencies, global stocks, and stock indices with xUSD to earn rewards by trading.
Currently, WaykiChain’s DeFi ecosystem includes the decentralized stablecoin WUSD, the decentralized collateralized lending system Wayki-CDP, Wayki-DEX, and the decentralized synthetic asset issuance protocol Wayki-X. Among them, Wayki-CDP collateral is 38 million WICC worth close to USD 10 million, and WUSD loans amount to USD 2.6 million. On Wayki-DEX, the direct purchase of ROG and xUSD is available with WUSD. WaykiChain builds an integrated and interconnected DeFi ecosystem where users enjoy convenient, quick, and low-cost financial services from lending and trading to invest in derivatives in one app, WaykiTimes! (Download WaykiTimes on Google Play, AppStore, Testflight)