WeFi : A decentralized money market protocol that provides investment and loan options in the DeFi space
About WeFi:
WeFi is a decentralized money market protocol that enables lending and borrowing of digital assets, allowing users to earn interest on them and invest in a variety of assets using borrowed funds. It provides a platform for investors seeking passive returns and skilled users desiring to generate higher returns using leverage and advanced strategies. WeFi Finance's investment loans are used to invest in other digital assets from a connected DEX via the WeFi protocol. Afterward, the acquired asset (investment) is securely locked in our protocol until the loan is repaid with interest. If not, the asset is liquidated in an auction when it reaches the liquidation point.
WeFi Finance is a money market ledger where users can supply or borrow digital assets. Interest is computed as a function of time, fluctuating depending on market conditions. The protocol's smart contracts will be publicly accessible and flexible for incorporation by diverse systems, industry dApps, and ordinary users across the globe. Each money market is unique to a given isolated pool. It also contains a transparent and publicly-inspectable ledger, recording all transactions and historic interest rates.
How to Deposit & Stake WEFI Tokens on Gamma to earn Reward
Gamma Vault offer users the opportunity to actively provide liquidity to QuickSwap v3 pairs with the aim of generating attractive returns. By participating in these boosted vaults, individuals can contribute their funds to a diverse range of QuickSwap pairs that are actively managed. This means that the vaults are designed to continuously monitor and adjust the liquidity allocation across various pairs based on market conditions, aiming to optimize returns.
📌 Here's how to get started:
1️⃣ Navigate to👇 http://quickswap.gamma.xyz/vault-detail/USDC-WEFI-0-Wide
2️⃣ Click "Connect Wallet" to link your wallet to the platform. (Here we are selecting #Metamask)
Make Sure you are using #Quickswap on the #Polygon PoS network.
3️⃣ Enter the amount of $USDC you want to deposit. You can view your total $USDC wallet balance below there.
4️⃣ The vault automatically fetches the equivalent $WEFI balance for the $USDC you entered.
5️⃣ Select "Approve USDC." You'll receive a Metamask notification to approve the transaction. Go ahead and approve it.
6️⃣ Similarly, select "Approve WEFI" and approve the transaction from the wallet.
7️⃣ Now, click "Deposit" to add your $USDC and $WEFI to the Liquidity Pool. Confirm the transaction through your wallet.
8️⃣ To earn incredible APR rewards, you must stake your LP (Liquidity Provider) tokens. Enter the amount of USDC-WEFI LP tokens you want to stake from your Liquidity Provided.
(Note: Without Staking, you can't earn the rewards)
9️⃣ Click "Approve" and confirm the transaction in your wallet.
🔟 Finally, click "Stake LPs," and voila! You're all set to earn those juicy APR rewards.
🌟You can also Redeem your LP Tokens or Claim Rewards from here only!
💥 The current Reward APR is mind-blowing, exceeding 160%! 💥
Take advantage of this incredible opportunity to earn passive income with your WEFI tokens. Join the Liquidity Pool now and watch your rewards soar! 🚀🔥💰