Wanswap DEX & WanLend 2021: The Recap (Part 2 of 2)

the Road Ahead for 2022. $WASP #Waspers $WAND #WanLenders

Hey Waspers & WanLenders! it’s DeFi Money-Printer aka DeFi FUD-Destroyer bringing the updates you’ve all been waiting for! Also wanted to apologize for the delay in delivering this update as promised. Please stay tuned for a Q1 2022 update coming not long after this publishing.

Before we get to the good news coming, let’s reflect on what’s been accomplished over the past few months. This is part 2 of the recap for the last months of 2021. (part 1 here)
(time to buzz here again on Medium, Youtube, Twitter, Telegram, Reddit)

Recap of November 2021:

Wanswap:

• For the protocol fees - (0.05% fees of the trading fees), resumed automatic buying back & burning $WASP tokens everyday from now on.
• All the protocol fees collected to this point before resuming automatic (0.05% fees of the trading) were used for WASP token buyback & burned.
• Up till now, the total number of 1,717,953 WASP were burned.
• The farming pair $WAND / $WASP increased to 3x rewards
• added “Harvest all” button to facilitate users to claim all the rewards (at once) for all pools participated in.

Wanlend:

• -Increase the borrow interest rate up to 128% -Borrow interest rate will have a sharp increase only when “TotalBorrows/TotalSupply” > 80% -When “TotalBorrows/TotalSupply” < 80% stay the same as before. This is to keep the market healthy during times where limited liquidity remains for an asset.
• The market page on #WanLend is updated. We added the Usage Rate field to show the rate of “TotalBorrows/TotalSupply” of each crypto market. There will be a sharp increase of borrow interest rate only when Usage Rate is greater than 80% as described above.
• For the buyback $WAND, the team: Burned 770,000 $WAND the remaining was paired 416,289WAND with 63,818WASP to deepen the pool but NOT deposited into farming to earn rewards. 63,818WASP is also from reserve funds.
• Finally, the unclaimed airdrop of $WAND for the users of v1 to claim deadline has come. the unclaimed airdrop 743,164 $WAND was burned.

Recap of December 2021:

Wanswap:

• Wanlend team provided 540,000 $WAND for a 3 week Hive Staking pool reward for $WASP stakers.
• The farming pair $WAND / $WASP increased to 6x rewards
• New farm opened for $wanBNB/$WASP pair with 1x rewards.
• Bridge created for $WASP to drift over to #Moonriver network to make $WASP tradable on Huckleberry Finn
• Community led effort to encourage the demand for users to bring over WASP and pair with FINN (before any incentives were promised to show demand for the pair to be incentivized) Tutorials and initiative in the videos below for bridging $WASP to #Moonriver and pairing with $FINN
  https://www.youtube.com/watch?v=7-D4ZG1qgX8
  https://www.youtube.com/watch?v=PFbGYgtQaUI
  https://www.youtube.com/watch?v=a0F7fZ9fj1M
• After some time of community Liquidity providing effort we received some better hints confirming toward a chance for incentivizing the pair.
• The farming pair $WAN / $WASP increased to 50x rewards on December 21st.
• New farming pair $wanECR/$WASP with 0.5x rewards started on December 31st.