Quote from: Danumsigwasan on Today at 05:01:12 AM

WaykiChain is not slowing down with its plans for the future. It has been on a blast rolling out package after package like its set of DeFi products but it did not even stop at that. It also launched the collateral lending systems named Wayki-DEX, Wayki-CDP, and WICC Collateral Insurance.

This brand is relentless regarding the expansion and further development of the DeFi niche. Almost 45 million tokens are in the kitty of WICC Collateral and as for WUSD stable coin loans, they are inching towards USD 3 million. All these assets are embedded in payments, pre-IPO stock in several global exchanges and trading deals.

Observers and analysts agree that the brand is making good of its plan to come up with sustainable solutions to some of the biggest problems in the niche. One of the moves that it has made along this line is the development and release of Wayki-X which is a synthetic asset issuance protocol.

It is decentralized and a lot of standardized testing was done before it was released for public use on the 25th of September. As work was going on regarding the synthetic asset issuance protocol, the brand also released Phoenix Yield Farming for ROG which is the primary token of the brand.

More Information on Wayki-X

As hinted in the sections above, this is the synthetic asset issuance protocol which is dependent on WayKiChain. By design, it is decentralized and allows for synths which are external assets. With this protocol, there is room for the issuance of synths concerning digital currencies especially Ethereum and Bitcoin.

The same goes for precious metals, forex, American stocks, and others. A very pleasant side to this is that investors stand to benefit good gains and profits from deals involving these protocols.

Explaining ROG

Also called Rods of God, the ROG is designed to be the real token of Wayki-X. It is very relevant for various kinds of synths. The generation of this token of Wayki-X is done via the staking of WGRT and WICC.

In this method, there is no initial coin officer, pre-mining, or even reserves for the inner circle. It is designed to be as functionally optimal as possible.

Allocation of ROG

At the initial stage, the volume of ROG stood at 21 million. This volume is not the same as the overall supply as Wayki-X utilizes its token via the Rewards by Inflation model.

After staying in reserve for 12 months, these rewards are then released. Two-thirds of the 21 million comes via the Phoenix Yield Farming while about two-fifths comes from staking operations.

Further Info:

Official Site: http://www.waykichain.com/
Twitter: https://twitter.com/wayki_chain
Telegram: https://t.me/wiccofficial

Reference from: https://medium.com/@waykichainwicc/waykichain-launches-phoenix-yield-farming-with-wicc-wgrt-dual-pool-4f822ca3fb4b

My partner and I have decided to try out the collateral lending system. I am totally blown away with the potential and super-excited with on-going developments! Keeep it rolling.

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