We are thrilled to announce the launch of WeFi Beta Dapp on the XDC Testnet Network (Apothem Network) due to its impressive scalability, high performance, and seamless interoperability with other blockchains. The XDC chain offers fast transaction speeds, low latency, and advanced security features. Additionally, the vibrant XDC community provides valuable feedback, enhancing the development of our Dapp.
As part of this milestone, we’re inviting users to participate in our “WeFi Beta Testnet Warrior Campaign,” a unique opportunity to explore our revolutionary Omnichain leveraged trading protocol built on LayerZero.
Prize Pool: 200,000 $WEFI tokens, with 1000 winners.
Campaign Duration: From 21st September to 21st November, spanning a two-month period.
1) Join Our Community
2) Like and Retweet
3) Test the WeFi Testnet: Dive into the WeFi Testnet and make at least one transaction on the XDC chain testnet.
4) Share Your Experience: Share screenshots of your transaction(s) along with your wallet address and provide feedback on our discord channel. Your valuable input will help us refine and improve the WeFi platform.
5) Fill the google form (Must Required)
For a step-by-step guide on navigating and using WEFI's newly launched testnet on the XDC Apothem network, please click on this link for a detailed walkthrough. Additionally, we also have a video tutorial available.
Request Test token
1) Navigate to https://www.beta.app.wefi.xyz/
3) Click on "Request TXDC" to request Faucets from XDC Apothem Network. (if copying the address from Metamask, replace the first 2 characters “0X” in the address and replace with “XDC”. After Verifying an easy CAPTCHA, Click on "Request 1000 XDC and approve on MetaMask.
Test Lend Earn Feature
2) Insert the amount you want to supply from the available balance. Click on the “Allow Spend” Button, approve from your metamask wallet and Click on “Supply to Pool” After, at last click on Done. Now you can check “ACTIVE POSITIONS" on the home page verifying your supplied liquidity and earned APY.
2) Under the Vault, you can see the graph and details of the token. To invest, go to Invest Section, and insert the amount you want to invest. Then Select the Leverage(upto 5x) you want to borrow. Click on “Invest”, approve from the wallet and click on “Supply to Vault”, after confirming with your wallet, you are all done.
WeFi, short for “We Finance,” stands as an Insured Omnichain leveraged trading protocol built on LayerZero. It unlocks a world of opportunities for DeFi users, offering features such as bridging, swapping, lending, leverage trading, and staking tokens. WeFi is meticulously designed to provide a seamless DeFi experience across multiple blockchain networks.
At WeFi, we’re dedicated to continuous innovation. Our upgraded Beta Dapp introduces these two features, including:
- Lending: Access a powerful lending platform where you can earn interest on your crypto assets.
- Margin Trading: Dive into the world of margin trading with confidence, thanks to WeFi’s secure and user-friendly interface.
- Insured — Our successful Audit and Insurance ensures your assets are SAFER than ever! We are audited by Pecksheild, Unore and Quillaudits and Insured by Unore.
- Lending APY is currently at 250% on the polygon chain
- Audited — 3 audits and continuous monitoring
- Cheap cost of capital — 80% lower interest for margin trading
- Perpetual — loans can be held for as long as users want
- Transparent — All trades are on-chain and can be tracked on the blockchain
As part of our commitment to delivering the best DeFi experience, we are proud to unveil an upgraded WeFi platform. Here’s what you can expect:
- New UI/UX: A totally new, sleek and intuitive interface designed to enhance the user experience. Enhanced portfolio view helps users easily track their individual positions and overall gains, gaining a better understanding of their investment portfolios.
- New Features: Exciting additions and improvements to our existing features, giving you more options and flexibility. To ensure better swap rates and increased liquidity, WeFi integrated its unique auto router solution with multiple Dexes, allowing for liquidity pooling from various sources.
- Faster Transactions: Enjoy lightning-fast transaction speeds, ensuring that your DeFi activities are swift and efficient.
- Insurance with Enhanced Security: WeFi is fortified with advanced security measures to safeguard your assets and data.
- Introduction to USDC — the integration of USDC stablecoin allows users to choose the stablecoin with the lowest interest rate and access more token pairs on supported DEX platforms.
We chose XDC (XinFin Digital Contract) for several compelling reasons:
- Scalability: XDC offers impressive scalability, ensuring that our WeFi Beta Dapp can handle a large number of transactions efficiently and without congestion.
- High Performance: The XDC chain boasts high transaction speeds and low latency, ensuring a smooth and responsive user experience on our platform.
- Interoperability: The XDC chain’s interoperability with other blockchains allows for seamless integration and communication between different networks, enhancing the overall functionality of our WeFi Beta Dapp.
- Security: The XDC chain is secured by a robust consensus mechanism and advanced cryptographic techniques, providing a secure environment for testing our Dapp’s features and functionalities.
- Community Support: The XDC community is vibrant and supportive, providing valuable feedback and insights that aid in the development and improvement of our WeFi Beta Dapp.
Xswap: AlphaEx is a decentralised exchange on the XDC network, allowing users to trade various cryptocurrencies securely.
After the XDC Testnet period concludes, WeFi’s official launch on XDC is scheduled 15 days later. We are excited to bring our advanced DeFi platform to the XDC community. When mainnet launches, Users will be able to leverage trade XDC, ETH, BTC and other tokens provided these tokens have liquidity on XDC network Dexes.