WOWswap is Now Live on HECO

WOWswap brings leverage to the people with expansion to the HECO Chain 🚀 First 12 tokens are added for decentralized leveraged trading!

At launch 1️⃣2️⃣tokens are available for trading with up to 3️⃣x leverage (5️⃣x enabled soon), and more tokens are joining soon.

Expansion to HECO Chain allows to trade tokens currently not available on the Binance Smart Chain and Polygon networks with $USDT and $HT used as collateral.

It also means that liquidity providers can earn yield on USDT and HT by simply depositing USDT and HT in WOWswap Earn lending pool 😎

Tokens available to trade on HECO Chain at launch as as follows:

AAVE, BCH, BTC, COMP, DOT, ETH, FIL, HT, LTC, MDX, SNX, UNI

All pairs are are protected with Chainlink Price Feed oracle mechanism to prevent on-chain actions based on manipulated price data.

When you buy a token with leverage on WOWSwap, you finance only a portion of the purchase with your own capital 💵 — the rest of the funds you borrow from a liquidity pool🏊‍♂️. Anyone can deposit USDT to the liquidity pools on HECO Chain and earn interest on it.

After you complete a swap you will get “proxy-tokens”, which are pegged 1:1 to real tokens held by WOW smart contract 🤓on your behalf. Proxy-tokens are needed for the protocol to guarantee the repayment of your loan once you sell proxy-tokens back for USDT: the protocol will change proxy-tokens to real tokens, exchange real tokens for USDT on MDEX exchange, repay the loan to the liquidity pool and transfer the rest of the funds to you 🎉

For a detailed explanation how to use WOWswap, please, check the article below:

WOWswap launched the first leveraged trading protocol on Binance Smart Chain 🚀

How to Connect MetaMask to HECO Chain

You need to configure the HECO Chain custom RPC in your MetaMask.

1. Go to the settings page.
2. Click on the network selection button at the top of the app.
3. Click on the “Custom RPC” to add the HECO information.
4. Select ‘Custom RPC’.

3) Input the RPC details:

• Network Name: heco-mainnet
• RPC URL: https://http-mainnet.hecochain.com
• ChainID: 128
• Symbol: HT
• Block Explorer: https://scan.hecochain.com

For more information on how to use MetaMask with HECO Chain (HECO), you can check it out here.

That’s it! 🎉

Right now you can go to wowswap.io to trade on HECO Chain. To switch the network from BSC to Polygon or HECO Chain, simply click the network button at the top right corner. Make sure the correct network is selected on Metamask.

Remember that, to use WOWswap on HECO Chain you will need a HT token to pay transaction fees.

1. Try WOWswap here.
2. Check FAQ section on Wowswap website.
3. Join our telegram community.
4. Follow us on Twitter.