WallStreetBets.com DEX is LIVE!
On July 2nd I received 4,300 WSB airdrop (worth 300$) from WallStreetBets, as some members of the WallStreetBets subreddit decided to launch the first Decentralized Exchange completely owned by its community.
WallStreetBets.com DEX: Airdrop
A couple of months ago I received an advertisement from Brave asking me to sign up for the WallStreetBets airdrop.
I thought that if the team spent thousands of money to make an airdrop and an advertisement campaign on Brave and Brave accepted it, it could be worth it. And it definitely was worth it!
I claimed my WBS on July 2nd and I started farming (it's built on Ethereum) with insane high APY. I will provide further details about it in the WallStreetBets Liquidity Minining section below.
WallStreetBets DEX looks very similar to Uniswap but WallStreetBets did no ICO, no initial investors so a way more fair dispersion of governance. I believe, as a member of the WallStreetBets community, that decentralized trading is the solution to the centralization problems we saw with RobinHood and other centralized actors during the Gamestop (GME) saga.
WallStreetBets DEX is designed to be the home for the largest retail investing community on the planet to own their own exchange, to trade what they want, when they want, be liquidity providers themselves to reap benefits, and decide what features are important for them to add through our governance system.
The goal of Wallstreetbets.com is to provide access to a decentralized exchange where people can trade anything they choose without interference from a third party. Wallstreetbets.com is:
- Completely owned by the users;
- No centralized authority earn profits from trading fees;
- No change can be made without the votes from the community (votes are are proportional to the amount of WSB you own);
- Built on the Ethereum blockchain and based on Uniswap's proven AMM (automated market maker) methodology.
WallStreetBets Liquidity Minining
As I said, I'm farming since July 2nd, and this allowed me to make good profits every day even though WSB price decreased since its launch (many people sold their airdrop and dumped it, like it was with the Uniswap airdrop months ago...).
Important to know is that Liquidity Providers of the WallStreetBets (WSB) - Ethereum (ETH), WallStreetBets (WSB) - USDT; WallStreetBets (WSB) - Uniswap (UNI) will have the possibility to stake their LP in order to earn WSB.
This liquidity mining program will run until August 30th 2021 12:00pm PST and target the following three pools on the Wallstreetbets.com DEX v1:
● WSB / ETH
● WSB / USDT
● WSB / UNI
8,333,333,334 WB will be allocated per pool to LPs proportional to liquidity, which roughly translates to:
● 138,888,889 WSB per pool per day;
● 21621 WSB per pool per block (13s blocktime).
WallStreetBets DEX: https://app.wallstreetbets.com/
WallStreetBets Website: https://wallstreetbets.com/
Telegram Official: https://t.me/wallstreetbetsDEX
This is not a financial advise.
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