WapSwap the Breakthrough Decentralized Finance Platform

chakersaaf (38)in #wapswap • 3 years ago

Decentralized Finance or Defi, as it is known, has seen a lot of changes and enhancements.

From its birth until this moment, blockchain technology has given more financial control to the people versus the old dependency on central entities.

More projects have been harvesting the power of smart contracts as a borderless vehicle towards globalizing financial independence.

Now, anyone with an internet connexion and smartphone can manage his very own crypto assets, from tracking his expenses, checking his portfolio performance, and making critical decisions based on his financial situation.

Back in the early days, people performed all of their financial operations manually, face to face. Their regular trading decisions depended upon the value they saw in a particular exchange.

The two or more individuals involved in the trading action set the exchanged value freely and without any middleman's intervention.

Fast forward, things changed with the need for a clear and pre-determined social contract that governs people's financial affairs.

One cannot act outside this mutual contract.

Although this was more a financial commitment than a restriction on people's wealth, one cannot expand his actions outside of a set of authoritative rules.

Hence, total financial independence was not attainable in a rigid regimen that imposed strict rules on the individuals' financial interaction.

The Birth of Centralized Financial Institutions

With the economic evolution on a global scale, governments established financial institutions to help people store and manage their wealth efficiently.

But, these financial entities used their authoritative bureaucracy to control one's wealth while hiding behind the "security and privacy" slogan.

People can no longer make financial transactions freely without obeying these financial institutions' rules.

Heck, individuals cannot even control their wealth inside these centralized regimens, apart from making "blind deposits and withdrawals!"

One's balance is subject to aggressive transaction fees and other hidden expenses that come out of nowhere.

Apart from that, these central entities can collapse anytime, leaving people's hard earner wealth at risk.

The need for Decentralized Finance (Defi)

The whole idea behind decentralized finance is giving people the total freedom to control their wealth. They can spend, trade, transact and save their assets the way they see fit.

There should be cutting-edge technology set up to automate the individual's financial interactions.

There has to be a way to make faster, cheaper, and safer transactions without the need for the intervention of any central organizations or third parties.

It was not an easy task until the invention of blockchain technology.

WapSwap is your trusted Defi platform

WapSwap is easy to use, secure, and transparent Defi platform, where you can easily swap your pair of tokens while switching from one chain to another.

This Cross-Chain ecosystem will revolutionize the Defi technology.

Users can swap/trade, hold or stake their WAP tokens (native for WapSwap ecosystem.)

The platform does offer its users the flexibility to interact with Smart Contracts to swap or stake their WAP tokens.

WapSwap operates on a person-to-person (p2p) blockchain network using state-of-the-art cross-chain technology. This breakthrough Defi ecosystem removes any central server that compromises the user's freedom.

So, it shifts the user from a passive maker or taker to a valuable asset holder by rewarding him for holding the $WAP token or being a liquidity pool contributor.

Using WapSwap has many benefits:

* Transparent cross-chain swapping and trading

* Safe user experience and secured crypto assets

* Lower fees and faster transactions

* Compounding interest for staking the Wap token

This fast and easy decentralized trading (without leaving the same ecosystem) was not practical until the birth of WapSwap.

Now the user or trader can switch between different blockchain networks without requesting the help of any external or hidden server to swap or trade his pair of tokens.