Recently, the market has experienced big fluctuations. In order to maintain the stable price of WUSD, WaykiChain changes the interest rate formula parameters and thus adjusts the collateral interest rate (stable rate). See the details below:

The original interest rate formula: r = 1.8 / lg(1 + 50N). The adjusted interest rate formula: r = 1 / lg(1 + 50N). After the adjustment, the average loan interest rate in WaykiChain’s decentralized collateral lending system Wayki-CDP is 17% p.a., see the below figure for details (the x-axis N is the WUSD loan amount and the y-axis Rate is the stable rate).

On July 31, assets pledged into the WICC pool for ROG farming were released completely, officially marking the end of WaykiChain’s Phoenix Yield Farming program.

Phoenix Yield Farming ran from September 27, 2020, to July 31, 2021 (308 days). During this time, 418 participants farmed a total of 8,463,099 ROG.

In this program, users could pledge WICC or WGRT in a pool to farm ROG tokens. The WGRT pool unlocked on February 22, 2021, as planned.

The Phoenix Yield Farming reward token ROG is necessary for creation of synths in Wayki-X (the decentralized synthetic asset issuance protocol). …

Technology & Products

Application Development

· Maintenance and repair of ROG daily reward distribution service completed. On August 1, all pledged assets of users were released (100%);

· Coordination of third-party gaming contracts is completed (100%).

Market

International Market

· On July 1, WaykiChain started an airdrop in honor of the 100th anniversary of the founding of the Communist Party of China on Twitter. A total of 174 users participated. Five winners split a 10,000 WGRT pool (2,000 WGRT each);

· On July 8, WaykiChain started an airdrop on Twitter to thank users for their support. A total of 690…

Author: Press Release Last Updated Aug 3, 2021 @ 07:21

[PRESS RELEASE — Please Read Disclaimer]

WaykiChain Foundation has announced that this year’s dividends of its equity investment in the blockchain media platform Beekuaibao are worth about 470,000 USDT.

WaykiChain Foundation made a strategic investment in Beekuaibao in 2020. Beekuaibao is China’s top value discovery platform for cryptocurrency. It provides users with a smart information flow, knowledge graphs, CV-Rank, growth trajectory index, and other crypto-related services mainly covering China, Southeast Asia, Japan, South Korea, and India.

WaykiChain Foundation has announced that this year’s dividends of its equity investment in the blockchain media platform Beekuaibao are worth about 470,000 USDT.
WaykiChain Foundation made a strategic investment in Beekuaibao in 2020. Beekuaibao is China’s top value discovery platform for cryptocurrency. It provides users with a smart information flow, knowledge graphs, CV-Rank, growth trajectory index, and other crypto-related services mainly covering China, Southeast Asia, Japan, South Korea, and India.
Besides Beekuaibao, WaykiChain Foundation also made multiple diversified investments across the blockchain ecosystem, including financial media and securities institutions, and also increased its cryptocurrency holdings. The relevant investment income details will be…

Ready Player One sci-fi adaptation by Steven Spielberg shows us a grotesque yet fascinating virtual-gaming universe.

As the male protagonist puts on a VR device, he enters a virtual world. There, he turns into a hot racing king, battles with the villains physically and intellectually, and has the time of his life.

This year, the “metaverse” concept has been all the rage. Now, virtual worlds from movies can be recreated in real life.

What is a metaverse?

Generally, it is a virtual world parallel to the real world. Everything that can be done in reality can also be done in…

Dear participants of Phoenix Yield Farming by WaykiChain,

In Phoenix Yield Farming, WaykiChain users could pledge WICC or WGRT in a pool to farm ROG tokens. Originally, the WICC pool expiration date was July 22, 2021.

Due to a previous delay in the dispatch system that distributes ROG farming rewards, the respective rewards have not been completely distributed as planned. To ensure the interests of yield farming participants, the distribution of ROG farming rewards will continue till completion.

According to the current reward distribution progress, the official expiration date of the WICC pool when all locked WICC tokens are released…

Blockchain has come to the masses courtesy of NFT.

NFTs are non-fungible or non-homogeneous tokens. You cannot divide or replace them because they are unique.

To understand what NFTs are, you can start with FTs (fungible/homogeneous tokens) first.

Such tokens can be replaced with one another and split in almost any possible way. Say, you and I both have one WICC each. Essentially, there is no difference between these two tokens. You can exchange a whole or any part of any of the WICC tokens. These are fungible tokens.

As for non-fungible tokens (NFT), they can be uniquely identified and…