Deep Cultivation and Prospects of WaykiChain in the DeFi Race
Since 2019, the decentralized finance (DeFi) industry has been growing at an astonishing pace and has become an ideal path for public chains to find vertical application landings. Particularly when public chains began to face difficulties in their development, DeFi helped many find new breakthroughs. WaykiChain, once a public chain dedicated to blockchain financial services, naturally undertook profound cultivation in this field.
The development of WaykiChain in the DeFi race can be characterized by bold innovation and relentless persistence. Starting from 2019, WaykiChain proactively strategized DeFi by launching the “Triple-Token” economic model, successfully creating the world’s first stablecoin WUSD at the public chain base, along with a decentralized collateral lending system Wayki-CDP. In 2020, WaykiChain expanded its DeFi ecosystem to the decentralized exchange Wayki-DEX and the decentralized synthetic asset protocol Wayki-X. WaykiChain aims to provide one-stop decentralized financial services, offering convenient financial services to users in the cryptocurrency market.
In 2023, although WaykiChain’s development roadmap does not explicitly articulate the development direction in the DeFi field, we have enough reasons to speculate that DeFi, as an essential technical asset of WaykiChain, will continue to play a significant role in its future development. An important strategy will undoubtedly include promoting the application of the stablecoin WUSD in more scenarios.
To achieve this goal, WaykiChain will continue to cultivate and operate existing protocols, such as the decentralized exchange DEX and the decentralized synthetic asset protocol Wayki-X, to attract more users and increase asset diversity. Meanwhile, WaykiChain will also reboot the super node election activity at the appropriate time to realize more decentralized governance.
In the future, with the realization of cross-chain functions, WaykiChain can more easily introduce more cross-chain assets. This will provide WaykiChain with greater flexibility, enabling it to better meet user needs. Furthermore, WaykiChain will strive to expand the trading range of synthetic assets to attract non-native cryptocurrency users to participate in transactions.
WaykiChain’s cultivation in the DeFi race undeniably lays a solid foundation for its future development. With the significant breakthroughs already achieved and the future roadmap in place, we have reasons to believe that WaykiChain will continue to make important breakthroughs in the DeFi field and gain a larger market share. Despite current challenges such as high user entry thresholds and single-function services, WaykiChain has demonstrated the technical prowess and determination to solve these issues. It’s expected that in the near future, we will see a more mature and robust WaykiChain making its mark in the DeFi field
