Buy WaultSwap (WEX)
What is WaultSwap?
WaultSwap (WEX) is a cryptocurrency that is part of the Wault Finance ecosystem, operating on both the Binance Smart Chain (BSC) and Polygon networks. It is designed to facilitate decentralised finance (DeFi) activities, such as yield generation and lending aggregation, making these complex financial operations more accessible and efficient to users.
How does WaultSwap work?
WaultSwap operates as an automated market maker (AMM) on the Binance Smart Chain (BSC) and Polygon networks. It uses smart contracts to facilitate decentralised trading and liquidity provision. The platform leverages the Proof of Staked Authority (PoSA) consensus mechanism of BSC, which combines elements of Proof of Stake (PoS) and Proof of Authority (PoA), allowing for faster transaction processing and lower fees. Users can swap tokens, provide liquidity, and engage in yield farming via smart contracts that adjust token prices based on liquidity available in pools.
What are the potential use cases for WaultSwap?
WaultSwap (WEX) has several potential use cases, primarily in the realm of decentralised finance (DeFi):
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Decentralised Trading:
- Facilitates low-cost decentralised trading as an AMM exchange on BSC.
- Allows users to provide liquidity to pools in return for rewards.
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Yield Farming:
- Users can generate passive income by participating in yield farming and providing liquidity to specific pools.
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Arbitrage:
- Traders can exploit price differences between exchanges for profit.
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Lending and Borrowing:
- Part of the Wault Finance ecosystem, which suggests potential applications in DeFi lending and borrowing.
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Frequently Asked Questions (FAQs)
What is the current price of WaultSwap (WEX)?
The WaultSwap price is $0.00001933 AUD, representing a +2.06% from the day prior.
Where is the best place to buy WaultSwap (WEX) in Australia?
The best place to buy WaultSwap (WEX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell WaultSwap (WEX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of WaultSwap (WEX)?
The trading volume of WaultSwap (WEX) is $57 AUD in the last 24hrs, representing a +2.06% from the day prior.
How can I buy WaultSwap (WEX)?
WaultSwap (WEX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of WaultSwap (WEX)?
The current market cap of WaultSwap (WEX) is $141.6K AUD.
Can I convert WaultSwap (WEX) to cash?
Yes - With Coinstash you can convert your WaultSwap (WEX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many WaultSwap (WEX) are there?
The current circulating supply of WaultSwap (WEX) is 7.5B.
Is Coinstash a safe place to buy WaultSwap (WEX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling WaultSwap (WEX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.