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WebsiteGate LaunchpadDaomaker LaunchpadVent Finance LaunchpadOccamFi Launchpad

WingRiders (WRT)

IEO
IDO

WingRiders is an Automated Market Maker (AMM) Decentralized EXchange (DEX) built on top of the Cardano using the eUTxO model on the main chain. The project is powered by VacuumLabs, one of the most widely respected developers in the Cardano space.

WingRiders Seed funding $4,5M

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Overview

Project industryExchanges & Wallets / Cardano Ecosystem / DeFi
Product typeDeFi
WhitepaperWingRiders White Paper Open

What is WingRiders

WingRiders’ objective is to be an infrastructure element for the whole Cardano ecosystem, with simple integration into any wallet or Dapp.

Accessible via many platforms, supporting connectors and hardware wallets such as Ledger or Trezor.

The platform will be fully decentralized and trustless supporting swaps between Cardano native tokens.

The guarantees that WingRiders is committed to providing include:

  • Affordability - Cardano fees are much smaller than on other ecosystems like Ethereum.
  • Anonymity - Anyone with ADA can interact with the WingRiders smart contract. We impose no other requirements in order to be as anonymous as Cardano is.
  • Reliability - Anyone whose order was not fulfilled by the deadline specified in the request can easily reclaim it.
  • Security - Code will be thoroughly audited, and its critical parts will be open source.
  • Simplicity - The development team and designers are going through many iterations and collected lots of feedback to make sure the WingRiders platform is easy to use and user friendly.
  • Trust - Nobody has a higher priority, and everyone is equal. Anyone can verify that requests were fulfilled in the order they were submitted onto the Cardano blockchain.

Details

IEO (Gate Launchpad): Jul 13, 2022 - Jul 14, 2022
IDO (Daomaker Launchpad): Jul 04, 2022 - Jul 10, 2022
IDO (Vent Finance Launchpad): Jun 24, 2022 - Jun 24, 2022
IDO (OccamFi Launchpad): Jun 28, 2022 - Jun 29, 2022
Pre-sale token supply: 12,000,000 WRT
Token supply: 100,000,000 WRT
Total tokens for sale: 20,000,000 WRT
Raised: 4,500,000 USD

Legal

Blockchain Platform: Cardano
Registration year: 2022

Token info

Ticker: WRT
Type: Utility-token
Accepted currencies: USDC, BNB, BUSD
Token distribution:
20% - Incubation entities
5% - Future platform hires
5% - Partnerships & Marketing
6% - Presale participants
6% - Private round
8% - Public sale
3% - Environmental impact fund
4% - Initial Liquidity DEX & CEXs
3% - Various Ecosystem rewards and Development reserve
40% - Liquidity mining (Farming incentivization)

WingRiders Roadmap

1
AUG-SEPT 2021
  • The Whitepaper is a stack of notes
  • Technical work begins on a “Proof-of-Concept”
2
SEPT-OCT 2021
  • Proof of Concept developed and Whitepaper written
  • Development of Minimal Viable Product begins
  • Stealth mode continues
3
NOV-DEC 2021
  • Whitepaper published
  • Platform comes out of stealth mode
  • Integration with Nu.Fi complete
  • Testnet launched showing how to seamlessly integrate into a wallet
  • Marketing begins alongside education component
  • Presale is launched
4
Q1 2022
  • Presale closes - 10+ big ecosystem players and VCs join
  • Standalone web application besides NuFi embedded platform
  • Stakability of ADA in pools
  • Token to token functionality
  • Support for multiple wallets (like Nami, CC vault, Flint and etc.) tested
  • Support for HW wallets (Ledger, Trezor) tested
  • Fully audited smart contracts by CertiK
  • Sale of the governance token moved to Q2
5
APR 2022
  • Launch on mainnet
  • Launch on NuFi
  • Introduction of USDC & USDT
  • Introduction of ETH & BTC
6
MAY 2022
  • Integration of Typhon, Gero, CardWallet
  • Integration of Ledger - directly and on android mobile, and Trezor - directly
  • Integration of ADA Handle
  • Whitelist opened
7
JUN 2022
  • Stake pool voting
  • dApp integration for Eternl
  • Public sale (ICO & IDOs)
  • Start of contracts re-architecture for Plutus v2 - Vasil
8
Q3 2022

Double yield farming
A new yield farming addition which rewards users with tokens from partnering projects together with WRT, the first rewards pair being WRT and DRIP.

Farming/Staking voting smart contract upgrade
Optimized and upgraded smart contracts that are almost 3x smaller in size and 10x more efficient while maintaining security guarantees with effect on transaction fees to be 2-3x lower when voting or managing farms.

New agent for farming rewards
Guarantee of transparent, effective, and accurate on-chain rewards distribution directly to users' farms once per epoch.

Popular assets in the swap section
An extension based on users' requests to make the most popular assets easier to find while swapping.

Annual percentage rates (APRs) calculated
Reflection of possible gains while providing liquidity into a liquidity pool or farming with a breakdown of all factors included in this value.

Token generation event (TGE)
Release of WRT tokens into circulation via first-day airdrops, and distributing vesting schedules to users and partners. Opening of ADA/WRT pool on our platform and the possibility to buy WRT on two CEXes.

Infrastructure ready for Vasil hard fork on mainnet
Upgrade of our infrastructure in preparation for Vasil hard fork on mainnet, so users won't be affected by any downtime or other inconveniences.

Governance section
A new UI section to help users understand their WRT holdings across our DEX and their vesting schedules with an included table displaying the current distribution of WRT tokens for better understanding of how much WRTs are already circulating and how much are yet to come

Token information
A community-driven request for an overview of all tokens on our DEX and dedicated pages for every token with relevant information such as a price change graph.

Platform navigation improvements
Similar sections were grouped together under one to make the navigation across the platform easier while bringing new pages.

Pools page extension
Addition of TVL deposited across the pools and overall trading volume in the last 24 hours and 7 days. Also, the collected 7-day fees and volume values per every pool.

WRT Boosting Vault
Unique utility of WRT to boost users' rewards from regular farming by locking their WRTs into a special Boosting Vault.

Community outreach
Improvements portal - a platform for community suggestions (improvements and new features) and for providing feedback to the core team.

Competitions on our DEX
New ways to obtain extra rewards for the users of our platform, with the first competition aimed at traders.

Harvesting all farming rewards in one click
The community asked and we implemented the option to harvest all rewards at once and save on transaction fees.

9
Q4 2022

Harvesting to Boosting Vault
Another implemented community request to harvest all WRT farming rewards in one click into the Boosting vault with double-yield farming rewards being harvested into the wallet while saving on transaction fees.

DAO voting
A DAO voting solution for users to participate in the governance of the protocol. Users voting power includes all WRTs and ADA/WRT LP tokens they hold in their wallet or in some WingRiders smart contract. Anyone can also create their own proposal on-chain.

Utility of First Rider tokens
More efficient boosting of yield rewards gained in Boosting vault.

Pool details
Detailed overview of pool information, statistics and progress over time in one place.

Popular community requests
Users' feedback provided either via our Improvements portal or discord channels turned into features on our DEX.

10
H1 2023

Stableswap pools
Pools bringing optimized swapping for 1:1 ratio between the assets and low slippage, suitable for exchanging two assets that represent the same value.

Advanced graphs
More advanced graphs on the dedicated token and pool details pages.

SDK
Software libraries to enable 3rd parties to integrate our DEX and open-sourced tooling for the Cardano community.

Batcher fees paid in WRT
Token utility that enables paying batcher fees in WRT tokens for requests on non-WRT pools.

Community-oriented features
The most popular improvements and ideas requested by the community via our Improvements portal.

More competitions rewarding users
New competitions with a goal to reward frequent users of our DEX.

11
H2 2023

More technological and business partnerships
Advanced collaborations and joint development whether open source or dedicated with other protocols to further support the ecosystem growth

Version 2 of smart contracts
New Vasil-compatible version of smart contracts with v2 features resulting in faster and cheaper transactions, bringing users more control during swapping.

More competitions rewarding users
New competitions with a goal to reward frequent users of our DEX.

Catalyst proposals
Support of the open source world of Cardano for the whole ecosystem to benefit.

Ecology impact fund
Timeline based on the platform growth and Macro financial factors the kickstart of the ecology donations aimed on rewilding of our planet. Closely linked with the Tokenomics of the project and token price performance.

Decentralized batching agent
Another step towards a fully decentralized platform with the possibility for users to become batching agents themselves and gain batching agent fees.

Project team

Vacuumlabs
Vacuumlabs
team

Social media

WingRiders web-siteWingRiders RedditWingRiders MediumWingRidersYouTubeWingRiders TelegramWingRiders LinkedInWingRiders X (Twitter)WingRiders FacebookWingRiders Discord

MVP

MVP URL

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