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Wasabix Finance is a cross-chain yield-backed synthetic asset and AMM DEX platform operating on Ethereum and Binance Smart Chain. Defined by community governance, it aims to create a decentralized cross-chain yield-backed AMM DEX DAO. Key products are Y.U.M. (Yield-backed Ultimate Machine on Ethereum), an upcoming product named SoySauce, a yield-backed Ethereum-Fantom bridge, and WasabiSwap, the first AMM DEX on the Fantom Network.
Wasabix Finance is a cross-chain yield-backed synthetic asset and AMM DEX platform operating on Ethereum and Binance Smart Chain. Defined by community governance, it aims to create a decentralized cross-chain yield-backed AMM DEX DAO. Key products are Y.U.M. (Yield-backed Ultimate Machine on Ethereum), an upcoming product named SoySauce, a yield-backed Ethereum-Fantom bridge, and WasabiSwap, the first AMM DEX on the Fantom Network.
Wasabix Finance is a cross-chain yield-backed synthetic asset and AMM DEX platform operating on Ethereum and Binance Smart Chain. It aims to create a cross-chain yield-backed AMM DEX governed by a DAO, involving community participation for protocol changes.
Wasabix Finance is currently operational on two blockchain networks: Ethereum and Binance Smart Chain. The platform is designed to facilitate cross-chain interactions, with plans to integrate more blockchain networks in the future.
Wasabix Finance offers four primary products: Y.U.M. (a yield-backed machine on the Ethereum network), SoySauce (an upcoming product), a yield-backed Ethereum-Fantom bridge, and WasabiSwap (the first AMM DEX on the Fantom Network).
Wasabix Finance is governed by a decentralized autonomous organization (DAO), where the community votes on major protocol changes. This governance structure ensures that stakeholders have a say in the platform’s evolution and decision-making processes.
WasabiSwap is the first automated market maker (AMM) DEX on the Fantom Network offered by Wasabix Finance. It facilitates decentralized trading of synthetic assets backed by cross-chain yields, enhancing liquidity and efficiency in trading operations.
Unlike other DEX platforms, Wasabix Finance focuses on yield-backed synthetic assets and operates across multiple blockchain ecosystems such as Ethereum, Binance Smart Chain, and Fantom. This cross-chain capability and community-driven governance distinguish it from traditional DEX offerings.
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