Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
The years 2022 and 2023 have proven challenging for most centralized exchanges. The dramatic collapse of FTX, decreased user trust, and the subsequent heightened scrutiny by the SEC swiftly yielded results:
- Binance closed branches in several European countries.
- Exchanges Dasset and Txbit shut down.
- Revolut announced a suspension of cryptocurrency payments.
- Coinbase suspended certain services, notably staking for U.S. customers, and faced legal actions.
- Reports of mass layoffs among employees have periodically surfaced.
CEX audiences are gradually transitioning to DEX – platforms that are more transparent, secure, and free from regulatory pressures. According to Forbes, in November 2022 alone, the combined daily trading volume on decentralized exchanges reached $91 billion, marking a 79% increase compared to the previous month. Furthermore, issues such as liquidity shortages inherent to DEX platforms are gradually being resolved.
Wixpool is a decentralized protocol for providing liquidity to major decentralized exchanges. It aids DEX platforms in their development and enables users to monetize their cryptocurrency holdings.
Understanding WRS (Wixpool Rate Stabilizer)
WRS, or Wixpool Rate Stabilizer, is a decentralized algorithm that automatically manages pools and establishes economic relationships between users and DEX platforms. Operating on a blockchain foundation and incorporating AI, it functions independently from developers. While the algorithm can be updated, similar to most decentralized applications, decisions on changes are determined not by the community but through fair AI-based voting.
Essential functions embedded within the Wixpool Rate Stabilizer include:
- Aggregating user protocol coins into pools.
- Encrypting transactions for enhanced security and confidentiality.
- Creating a network of pools and interacting with numerous decentralized exchanges.
- Redistributing coins between tiers to maintain stable profitability.
- Distributing rewards among users.
Thanks to the implementation of this algorithm, creating a global autonomous network that is convenient for both exchanges and end-users has become possible. Wixpool and WRS collaborate with partners such as Uniswap, Pancake Swap, Dodo, and other decentralized cryptocurrency exchange platforms.
User Earnings Mechanism
Many users familiar with cryptocurrency markets and exchanges have likely encountered liquidity pools among their sections and features. Such pools exist on platforms like Binance, ByBit, or decentralized networks like Uniswap and have long allowed platform clients to earn passive income.
Traditionally, on a centralized exchange, traders interact with each other, while on a decentralized exchange, they interact with a smart contract. In the latter case, the smart contract must hold coins for a transaction to be possible at any moment. This is where liquidity pools come into play. Users deposit certain coins into these pools for a specific period and later retrieve them with interest. The interest represents rewards collected through transaction fees from regular traders.
With the Wixpool Rate Stabilizer, the process is quite similar. Coins are deposited, smart contracts utilize the pool, and then coins are returned along with fee rewards.
The distinction between traditional exchange liquidity mining and WRS lies in the protocol’s access to an entire network of pools. It has more investment opportunities and can redistribute coins among different DEX platforms. In addition to their own liquidity providers, these platforms require external liquidity, a role fulfilled by Wixpool Rate Stabilizer users.
Interacting with Networks
From a user’s perspective, interacting with the liquidity pool network involves depositing assets through a unified interface. The Wixpool Rate Stabilizer handles all other tasks, managing all protocol users’ coins. This ensures higher profitability than the classic model: the larger the trade volume, the higher the annual interest rate.
The algorithm autonomously analyzes and reallocates coins among DEX platforms with the highest yield throughout the deposit’s duration under one of the 180-day Wixpool Rate Stabilizer plans. This is done to maintain user profitability at 0.5% to 2%. Payments are made daily, providing up to 180% annual returns. However, users can withdraw their deposit before the plan’s end; coins can be withdrawn at any time upon request.
Within the user account dashboard, users can track their plans, review transaction archive data, and access statistics on partners referred through the affiliate program.
Getting Started with the WRS Algorithm
The algorithm’s deposit can be funded with one of five cryptocurrencies, used for depositing liquidity supply plans of four tiers ranging from 0.5% to 2%. Apart from this, there is nothing else to do: over the next 180 days, Wixpool Rate Stabilizer manages pools and capital.
