Overview
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What is WeFi
WeFi is a decentralized money market protocol that opens up investment loan options in DeFi for global users to invest in digital assets via multi-pool borrowing.
- WeFi is a trustless protocol driven by secure smart contracts. It does not rely on credit scoring or any centralized enforcement to operate.
- WeFi allows cryptocurrency lenders to enjoy attractive, sustainable yields. Conversely, borrowers access predictable investment loans empowering them to invest in the lucrative digital asset market.
- 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.
DetailsIDO (DAOStarter Launchpad): TBA - TBAIDO (Kommunitas Launchpad): May 05, 2023 - May 05, 2023 Pre-sale token supply: 60,000,000 PAXO Token supply: 100,000,000 PAXO Total tokens for sale: 69,000,000 PAXO Soft cap: 125,000 USD Raised: 1,000,000 USD LegalBlockchain Platform: EthereumRegistration country: Virgin Islands (British) Registration year: 2021 Office address: PO Box 71, Road Town, Tortola, VG1110 British Virgin Islands | Token infoTicker: PAXOType: Utility-token Token standard: ERC-20 Token price in USD: 1 PAXO = 0.3 USD Token distribution: 1,8% - IDO 7% - Seed Round 3% - Strategic Round 2% - Private Round 1,5% - Exchange Liquidity 6% - Market Making Loan 20,7% - Reserve 15% - Adoption, Staking, & Incentives 15% - Marketing, Acquisitions, & Licenses 15% - Team 3% - Advisors, & Consultants 10% - Development & Partnerships |
WeFi Roadmap
1
Jan-June 2022
- Whitepaper release
- Seed Fund Raised
- Audited by QuillAudits
- Testnet Released
- Alpha Mainnet launched on polygon
2
Jan-June 2023
- Private Round Raise
- Audited by Pecksheild
- Beta Version Launched
- Introduction of Liquidity token
- Token Launch and Exchange listing
3
June-Dec 2023
- Multi chain launch
- Leveraged yield farming
- NFT investment vaults
- WeFi Token staking
- DAO Setup
Project team
Pranjal Prashar
Founder and CEO
Nirmal Singh Rathore
Chief Marketing Officer
Neeraj Bhatt
Head of Technology
Vinay Sagar
Full Stack Developer
Ankush Gupta
Head of Partnership
Prateek Seth
Smart contract Developer
Raj Gyanani
Community Lead
Sammi G.
Community Manager
Advisors
Bartolome R Bordallo
CEO, Zignaly
Abdul Rafay Gadit
CFO, Zignaly
Avinash Shekhar
CEO, Zebpay
Dave Brown
Founder, DC Crypto