WaultSwap WEX: WEXPoly Airdrop to WEX Holders
Wault is always evolving with the times. That’s why when we see new blockchains gain traction, we want to make sure yield farmers on those chains have access to our high APR farming pools and low WSwap fees. Now, we’re taking our first step in alignment with that strategy—by going cross-chain to Polygon!
Since Polygon is a Level 2 on a different blockchain, that means it has its own system of token contracts. For that reason, to simplify the use of WSwap, we’ve decided to create a Polygon-native token mirroring WEX and its tokenomics. The name of this token will be WEXpoly, and it’s going to be Fair Launch, which means all our token holders will have the chance to claim it!This token, like WEX was, will be airdropped to current WEX and WAULTx holders, rewarding our loyal user base. So here’s how it’ll work:⦁ 30-day WEX Locked Staking pool: We’ll create a new lockup vault in the Locked Staking section. For every 1 WEX you lock up in this vault, you’ll receive .5 units of WEXpoly. If you assume the prices of WEX and WEXpoly will be similar, then that’s an APR of 600%.⦁ 30-day WAULTx Locked Staking pool: Locked WAULTx tokens will also be eligible for this airdrop. We’ll use the same WAULTx Lockup vault that we already have for presales. In other words, all WAULTx holders that are staking in that vault during the snapshot, will be eligible for WEXpoly airdropped tokens. For each locked 1 WAULTx you stake in the vault, you’ll receive .25 units of WEXpoly. That’s on top of the standard LaunchPad presale access.