Kriptoks

WingRiders is a decentralized exchange (DEX) on the Cardano blockchain that allows users to unlock the true potential of their utility tokens. The DEX is run by a DAO (Decentralized Autonomous Organization) and utilizes cutting-edge technology developed by leading engineers in the space. With a user-friendly platform, traders and liquidity providers can maximize capital efficiency for ADA, Cardano native assets, and stablecoins.

WingRiders offers several options for users to gain from liquidity provision, farming, and boosting their assets. These include swapping between assets, autostaking of ADA, providing liquidity, liquidity mining, and increasing gains using the innovative Boosting Vault. The Boosting Vault functionality enables higher yields on eligible farms, making WingRiders the only DeFi platform on Cardano that allows a user to benefit from up to six gains by simply providing liquidity and farming on the DEX. The platform's ADA autostaking functionality ensures that liquidity providers don’t miss out on ADA staking gains whilst providing liquidity. WingRiders provides a democratic process for users to collectively delegate to their favourite stake pools.

WingRiders prioritizes the safety and security of its users. The platform subjects any new feature or functionality to a rigorous internal and external auditing process before deployment, ensuring the safest trading environment. The platform currently supports 9 wallets in total, two of which are hardware wallets, Ledger and Trezor, ensuring even more security for user’s funds. The direct connection of a Ledger or Trezor hardware wallet via an Android mobile device adds a new layer of convenience and protection for carrying out actions on the go when interacting with the DEX. Users can also connect to WingRiders via the Eternl wallet DApp connector, directly from the UI.

With the deployment of the first stable swap pool to mainnet, WingRiders is now a combination of Curve Finance and Uniswap V2, all rolled into one protocol, a first in Cardano. The stable swap function is focused on efficiently swapping between two stablecoins or stable assets, with a 1:1 ratio, with minimal slippage and price impact. Liquidity providers benefit from using stable swap pools, which dramatically reduce the risks associated with impermanent loss, resulting in deeper liquidity, higher volumes, and an overall larger pool of fees for liquidity providers.

WingRiders' transparent DAO platform brings together community improvement discussions, proposal submissions and storage, an effective voting and counting mechanism all in one dashboard. Each of the crucial governance processes outlined is fully auditable by anyone to verify the integrity of each step. Membership of the DAO is enabled by simply owning the WingRiders’ $WRT governance token, which also encapsulates many utilities.

Users can co-shape Cardano's decentralized future via the WingRiders’ DAO. The platform's future is in their hands. WingRiders continuously commits to partnership development, bringing innovative services and new ways to gain even more capital efficiency for all users of the DEX. With over 300 pools, many farms, and several of them offering double-yield with more coming, WingRiders is an innovative DEX on Cardano that allows users to maximize capital efficiency. Users can try the iUSD/Djed stable swap pool to experience the benefits of the stable swap function for themselves. The Zap-in function makes adding liquidity to these pools simple, convenient and saves on extra swapping and batching fees.