4. Rewardefi Features
– Governances Model
The governance system comprises of deciding on various policies; operational direction, products of Rewardefi protocol, assets to list on the protocol, etc. are all voted through governance tokens (WFI) by the holders themselves. Any proposal will be passed if a majority of the governance agrees to it.
WFI Loan supports the borrowing of several cryptos, including TUSD and USDT. You can check out the Borrow page on WFI Loan for more information.
– Decentralized Staking
You may think of staking as a less resource-intensive alternative to mining. It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Simply put, staking is the act of locking cryptocurrencies to receive rewards.
In most cases, you’ll be able to stake your coins directly from your crypto wallet, such as Trust Wallet. On the other hand, many exchanges offer staking services to their users. WFI Staking lets you earn rewards in an utterly simple way – all you have to do is hold your coins on the exchange.
WFI Lending lets you easily grow your wealth by accruing interest on your funds. Essentially, you’re lending your assets to margin traders on the platform, and they pay interest to you in return for borrowing your funds. You can choose from a wide variety of options, including Bitcoin (BTC), Ethereum (ETH), Binance USD (BUSD), Tether (USDT), and many more.
Some liquidity pools pay their rewards in multiple tokens. Those reward tokens then may be deposited to other liquidity pools to earn rewards there, and so on. You can already see how incredibly complex strategies can emerge quite quickly. But the basic idea is that a liquidity provider deposits funds into a liquidity pool and earns rewards in return.
The simplest and safest way to access Decentralised Finance (DeFi) on Ethereum.