LaunchPad’s New Tiers and Creating Additional Token Value
On the back of a very successful first presale for Swirl.cash on the LaunchPad, even more quality projects have been applying to launch with us. As a result, we at Wault have looked over the entire LaunchPad process, and tried to think of how we could make the next presale even better.
The first thing we realized was there was too much demand! With 1440 whitelisted addresses, even though SWIRL’s price has reached 30x of presale so far, the allocations for the 1x wallets were too small for our liking. In addition, after speaking with community members, it became clear that many were willing to invest more in WAULT if they could receive larger allocations.
With that in mind, we’ve decided to adjust the multipliers for the tiers, making it so we could fill the demand in a more efficient manner. On top of that, we’ll be adding new tiers for our largest supporters, as a thank you for your continued faith in us.
New LaunchPad Tiers
The process to get allocation for presales will work in the same way. You’ll only have access to whitelisting for presale purchases if you’re staking in one of our pools. Like before, your maximum allocation will also vary depending on which pool you’re in, as well as how many tokens you’re staking there. This will work according to two multipliers:
1. Which pool you’re staking in:
No Lockup WAULT Pool will have a multiplier of 1x
7-Day Lockup WAULT Pool will have a multiplier of 2x
30-Day Lockup WAULT Pool will have a multiplier of 5x
30-Day Lockup WAULT/wBNB LP Pool will have a multiplier of 10x(new pool!)
2. How many tokens you’re staking. Below are the tiers:
Bronze: 75+ WAULT tokens, will have a multiplier of 1x
(only in the 30-day Lockup WAULT pool)Silver: 150+ WAULT tokens, or 20 LP tokens, will have a multiplier of 1x
Gold: 300+ WAULT tokens, or 40 LP tokens, will have a multiplier of 2x
Platinum: 750+ WAULT tokens, or 110 LP tokens, will have a multiplier of 3x
Diamond: 1000+ WAULT tokens, or 130 LP tokens, will have a multiplier of 5x
Thus, as long as you’re staking at least 150 WAULT, or 20 LP tokens, in the No Lockup Pool, you’ll be eligible to whitelist for the minimum 1x allocation. The maximum multiplier of 50x will be for those staking at least 130 LP tokens, in the 30-Day Lockup WAULT/wBNB LP Pool(5x * 10x).
In addition, we added the Bronze tier for people who already have 50 WAULT tokens in the 30-day Lockup WAULT Pool. This way you’ll have a simple way to top up for a smaller allocation. The 75 WAULT (1x) tokens for the Bronze tier will not have any multiplier in any other pool.
The minimum allocation in terms of tokens will be determined at the end of the whitelisting period and then adjusted for you through your personal multiplier. Everyone who qualifies and applies for whitelisting will receive an allocation spot.
In summary, this will be a long-term incentive for WAULT token holders. As long as you hold our tokens and stake them, not only will you earn high yields through our pools, but also have exclusive access to new projects not available anywhere else!
New Benefits for the WAULT/wBNB LP Pool
You’ve likely noticed the addition of a fourth pool to the multipliers above. This is us adding more benefits to our much-loved LP stakers. After all, our liquidity mining program has a halving of rewards every 10 days, which will happen again soon. Due to that, we believed it suitable to extend the opportunity for the exclusive LaunchPad presale access to the LP stakers as well. There are a few caveats to keep in mind though.
The new WAULT/wBNB LP Pool will have several adjustments, which will benefit the liquidity providers, as well as WAULT holders as a whole. To start with, the LP pool will have a 30-day Lockup, in order to preserve the liquidity and balance with the following unique benefits the pool will receive:
• First, unlike the single-asset WAULT pools, when you stake in the new WAULT/wBNB LP Pool, you’ll be able to claim at any time without resetting the clock. That means you’ll be able to be compound your interest! Making the APR much more valuable than in the staking Vaults!
• Second, the investment required in LP tokens compared to WAULT tokens in each of the same tiers will be ~10% less.
• Third, when considering the 10x multiplier on top of that, the LP pool is really becoming a bit overpowered!
Yet, we didn’t add all these benefits without thought. In order to balance the LP pool with the other pools, we’ve also made another adjustment to the LP pool so it doesn’t monopolize all the wealth.
In addition, this change is one that also benefits all WAULT holders as a whole. In summary, we realized that while the fee structure of our token, in regards to the 2.2% Transaction Fee and the 0.8% Inactivity Fee, is quite efficient at raising APYs, the mechanism is still somewhat one-dimensional in terms of only raising APYs but not controlling token supply in the most efficient manner.
Since the emissions to our stakers are somewhat inflationary, we only thought it proper to add a deflationary mechanism to balance that out, such that in the medium-term, the deflation will overtake the decreasing inflation, and the price of WAULT will begin to rise indefinitely.
With all the in mind, the solution we’ve chosen is to convert part of the fees into direct token burn. To be specific, the 1.2% of the Transactions Tax that has been going to the WAULT/wBNB LP Pool, will now be burned outright, benefiting all WAULT holders instead of only one pool. Furthermore, the 0.6% Inactivity Fee going to the LP Pool, will instead go to the single-asset WAULT pools. This will help counter-balance all the new benefits exclusive to the LP Pool (receiving 10x presale allocation, 10% cheaper WAULT investment, and being able to compound yields).
For the WAULT token as a whole, we’re confident this adjustment towards more deflation will benefit holders in both the medium and long-term, pushing up prices.
What’s more, within the upcoming days, we’ll be burning 90,500 WAULT tokens to create an immediate deflationary effect! This is 9.5% of the total, fully-diluted token supply! It should help offset the lower APY from the halving.
These tokens will come from the Transactions Tax we planned to make available to the LP Pool in the next month. With the new LP pool though, since the structure won’t allow that, we’ll instead burn the tokens to create a major deflationary boost for the price of WAULT as a whole!
Pool Migration
To take part in these new benefits for the WAULT/wBNB pool, LP stakers will have to do a quick and simple migration of their tokens. On Wednesday, March 24th at 10 PM UTC, we’ll be opening the new LP pool on our app. You’ll only have to unstake your LP tokens and stake them into the new pool on the same page to continue earning WAULT rewards and to receive your exclusive 10x multiplier and 10% investment discount for the LaunchPad’s next exclusive presale, which we’ll announce not long from this date.
The old LP pool will remain in place for people to unstake but its reward emissions will be set to 0 on the next halving, on 3 PM UTC, March 25th. So don’t delay
Upcoming Presale
On a final note, if you liked the last SWIRL presale then we’re confident you’ll enjoy the next one. We’ll be releasing details on the exclusive opportunity for you WAULT holders and how to whitelist in the following days. So hold tight onto your WAULT tokens because they’ll be doing their job soon — bringing you serious dividends once again.
What is Wault Finance?
Wault Finance is a decentralized finance hub that plans to connect all the primary DeFi use-cases within one simple ecosystem on Binance Smart Chain. We believe the benefits of DeFi should be accessible to the masses but in an intuitive way; avoiding the expensive fees, confusing interfaces, and centralized decision-making of many current platforms. So with these goals in mind, we’ve built a protocol with some unique features we believe will amplify the power of wealth-accumulation for our users.
In addition, we believe in open and decentralized governance. That’s why WAULT token holders will be able to vote on and decide all aspects of the protocol’s future development path. Every developer is also welcome to work on and contribute to our open-source code. Come join the movement and help us advance DeFi on the Binance Smart Chain!
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