Revolution started 3 days ago, on July 2nd, when WallStreetBets DEX (Decentralized Exchange) built on Ethereum went live.
WallStreetBets.com DEX
I received 4.300 WSB airdrop on July 2nd and starting from that day I'm farming on WallStreetBets DEX with high APY. WallStreetBets DEX looks very similar to the Uniswap version 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 technology is the answer to the 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.
WallStreetBets Vision
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
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).
This is the Litepaper: https://s3.us-west-1.amazonaws.com/wallstreetbets.com/WSB_Lightpaper-compressed_1.pdf
This is the WallStreetBets DEX website: https://app.wallstreetbets.com/
Remember that this is not a financial advise.
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