WagmiDAO is the first multichain reserve-backed decentralised exchange (RDEX). It’s focused on continuously growing its own Treasury and the value of its native token.
The whole idea of WagmiDAO is inspired by some of the best known modern DeFi protocols — Olympus DAO, Frax and the AMM DEX model.
The WagmiDAO combines the already established Liquidity Mining, with Bonds and builds an AMM DEX on top with the partly collateralized stablecoin $FAM being the cornerstone of the Treasury earning yield through external protocols and thus raising the floor price for the $GMI token through externally realized revenue.
WagmiDAO is being launched first on the Harmony Network, with more chains in development.
It is fully committed to a fair-launch, meaning there are neither any seed rounds, private funding, nor any VCs
Users are incentivized to provide funds for the Liquidity Pools and to purchase Bonds on WagmiDAO in order to earn the native token - $GMI.
WagmiDAO is capable of supporting the $GMI tokens’ floor price. All value accrued by the WagmiDAO Treasury is focussed on growing the $GMI tokens’ floor price, and thus increasing the value of the whole ecosystem.
WagmiSwap is an automated market maker (AMM), that allows for any combination of available token pairs to be swapped. WagmiSwap charges a 0.3% trading fee, of which:
0.15% are going to the treasury
0.15% are going to the Liquidity Providers
You can earn $GMI by:
providing liquidity and staking your LP tokens into our farms.
staking in our single asset staking pools
WagmiDAO farms have no deposit fee, no withdrawal fee, and no performance fee.
Just yields - pure profit.
Liquidity Providers are given the chance to buy $GMI at a discount, in exchange for their LP tokens, or other crypto-assets.
Bonds allow WagmiSwap to be the first RDEX to own a large percentage of its Liquidity and further help growing the Treasury, which ensures a higher $GMI token floor price.
Bonds add another opportunity to get profit, therefore incentivising participants of the protocol to provide more Liquidity.
The $FAM stablecoin
$FAM is a partially collateralized stablecoin inspired by Frax Protocol and OlympusDAO, and aims at improving the functionality frameworks of the WagmiDAO, by minimizing the element of uncertainty.
$FAM is designed to grow the value locked in the Treasury by utilizing the collateral to generate yields through other protocols.