WOWswap launched on April 12, 2021 on Binance Smart Chain and just two weeks later WOWswap expanded to Polygon Network — a multichain scaling solution for Ethereum.
During many AMA sessions we had with communities from Vietnam, Indonesia, Malaysia and other global ones, we received a question on what is the most challenging part in building a DeFi project.
The number one challenge is the fast pace of development in DeFi ecosystem. To be successful we need to see where the market is going to go next and plan accordingly to offer products that people love to use. That is why offering a fixed roadmap many months or years ahead can backfire as it might need to be adjusted to match everchanging market realities.
Having said that, our current focus is to offer leverage exposure to smaller cap altcoins on decentralized exchanges to maximize returns in the bull market and provide high APY for major token holders. That is why we are excited to share our ambitions for the next 100 days.
🎂Pancakeswap V2 Support (DONE!)
WOWswap will fully support Pancakeswap V2 upgrade and will allow “smart routing” allowing users to get the best exchange rate on the market.
🧛♀️Liquidation software release (DONE!)
Currently, liquidations are done by WOWswap team and experienced early adopters, but very soon liquidation software will be available to the community. Becoming a WOWswap comes with a benefit of a 5% liquidation reward on every liquidated position.
💪WOW Governance and Staking (DONE!)
WOWswap will roll out the Governance module that allows to stake $WOW for various periods of time. The longer the staking period, the more xWOW tokens a user gets in return. xWOW tokens are used for voting on the protocol’s parameters and for distributing the protocol’s revenue.
💰Expanding Available Tokens Tradable on BUSD Market (DONE!)
WOWswap will allow buying all approved tokens with leverage with BUSD as collateral, including those tokens that do not have direct liquidity on BUSD market on Pancakeswap. WOWswap traders will be able to benefit from the bull market without risk exposure to BNB price.
🍣Expansion to other blockchains (DONE!)
WOWswap will launch on Ethereum and … other blockchains too 🤓
👂🏻Blockchain-based referral program (DONE!)
WOWswap will launch a blockchain-based referral program that will allow opinion leaders spread the word and earn $WOW.
🌌Expansion to Promising Layer 2s (IN PROGRESS)
We are excited about an upcoming launch of Arbitrum (Ethereum Layer 2) and launch of Optimistic rollups (with Uniswap v3), and will be one of the first protocols running on these layer two solutions.
🍯 Liquidity mining (KEEP TRYING)
Do you like pancakes with some syrup? We too! Stay tuned and follow us on Twitter and Telegram.
📉Short selling (DONE!)
Short-selling functionality will allow liquidity providers to create pools of ANY tokens on WOWswap and lend them to those traders who want to bet on their depreciation.
🔮 Did someone say Solana? (IN PROGRESS)
WOWswap aims to launch on Solana and Serum.
💎Publish the results of the first audit (DONE!)
Security is our users’ funds is our number one priority and the first audit will be open to public.
Stay tuned for updates!