❓ FAQ

Why choose Wault Finance?

Wault Finance is a decentralized finance hub that plans to connect all the primary DeFi use-cases within one simple ecosystem, on the Binance Smart Chain. In short, an All-in-one DeFi Platform!

We believe the benefits of DeFi should be accessible to the masses but in a secure and intuitive way; avoiding the expensive fees, confusing interfaces, and centralized decision-making of many current platforms.

So, with these goals in mind, we’ve built a protocol including 2 tokens – WAULTx and WEX – and some unique features such as WaultSwap (AMM), Wault Launchpad (new project presales), Wault Locker (liquidity locks for new or established projects), and many other great services we believe will amplify trust and wealth-accumulation for our users.

Wault Finance was launched in early 2021 with no venture capitalists. A fair launch for the community was the priority and therefore Wault was started with a market cap of only $150,000 (60 ETH).

In addition, we believe in open and decentralized governance. Wault must belong to its community. That’s why WAULTx token holders will be able to vote on and decide all aspects of the protocol’s future development path. Every developer is also welcome to work on and contribute to our open-source code on GitHub. Come join the movement and help us advance DeFi on the Binance Smart Chain!

What is WaultSwap?

Wault Finance has built an All-in-one automated market maker exchange (AMM) which brings even more liquidity to the ecosystem. With some of the lowest swap fees in DeFi (the lowest on BSC), many possibilities for increasing profit, and yields are available.

Less than ten days after launch (27th of April 2021), WaultSwap has more than $700,000,000 TVL (Total Value Locked) and 27 farming pools!

What is WAULTx Token?

WAULTx is the updated version of the legacy WAULT token, and is ruled by a new smart contract. It is the main token of the Wault Ecosystem, and gives access to our launchpad products, if at least 100.000 are staked in the 30-Day Lockup Pool.

It is redeemable at a ratio of 1000 WAULTx:1 WAULT token until the 23rd of June 2021 (end of WAULT token).

Listing price information?

120,000 old WAULT (120,000,000 WAULTx) and 700 BNB were added in PancakeSwap Liquidity.

Listing Price: 1 BNB ≈ 171 old WAULT (171,000 WAULTx)

WAULTx total supply information?

1,000,000,000 WAULTx – Total Supply. More tokens than this can’t be minted

500,000 old WAULT (500,000,000 WAULTx) were produced in the initial deployment of the WAULT token contract.

The contract distributed the remaining 500,000 old WAULT (500,000,000 WAULTx) into the Liquidity Mining Supply, to provide yield to the liquidity pool participants and stakers.

  • 160,000 old WAULT (160,000,000 WAULTx) – Private Sale (16%)

  • 80,000 old WAULT (80,000,000 WAULTx) – Presale (8%)

  • 40,000 old WAULT (40,000,000 WAULTx) – Marketing Treasury (4%)

  • 30,000 old WAULT (30,000,000 WAULTx) – Team Tokens - Locked For 3 Months (3%)

  • 20,000 old WAULT (20,000,000 WAULTx) – Bug Bounties (2%)

  • 50,000 old WAULT (50,000,000 WAULTx) – Exchange Market Maker Tokens (5%)

  • 120,000 old WAULT (120,000,000 WAULTx) – Initial Liquidity for PancakeSwap (12%)

  • 500,000 old WAULT (500,000,000 WAULTx) – Liquidity Mining Supply (50%)

120,000 old WAULT (120,000,000 WAULTx) and 700 BNB were added in PancakeSwap Liquidity.

What is WEX Token?

WEX, or Wault EXchange Token, is the foundational token of WaultSwap, which will have the right of governance for the AMM abd allow participation, in all future utility integrations.

On WaultSwap, trading fees are 0.20%. 0.18% will go to liquidity providers and 0.02% will go to daily buyback and burn of WEX. This creates deflationary pressure and pushes prices up!

WEX total supply information?

The tokenomics of WEX are the following:

750,000,000 WEX – Total Initial Supply. Then 1,500 new WEX are created per block.

  • 250,000,000 WEX – Airdrop to old WAULT Token Holders

  • 250,000,000 WEX – Marketing

  • 125,000,000 WEX / 250 BNB – Initial PancakeSwap Liquidity

  • 125,000,000 WEX / 250BNB – Initial WaultSwap Liquidity

The starting emissions is 1,500 WEX per block divided by all the pools with various allocation points. The emission rate and token limit will be decided in the future by governance. 15% of emissions go to the dev fund to cover R&D and ongoing operational expenses.

What are WAULTx and WEX contract addresses?

WAULTx: 0xb64e638e60d154b43f660a6bf8fd8a3b249a6a21

WEX: 0xa9c41a46a6b3531d28d5c32f6633dd2ff05dfb90

How to qualify for Wault IDO’s (presales)?

You must stake a minimum of 100,000 WAULTx in the WAULTx30 day locked staking pool to get the minimum allocation. Higher amounts are rewarded with additional multipliers. Before every presale, we open a whitelisting form, which must be completed, to signal your intent to participate and verify your locked staking amounts. When the whitelisting form is closed the team will perform random snapshots, to verify the correct staking quantities.

  • 100,000 staked WAULTx (SILVER) will give you x1 allocation

  • 200,000 staked WAULTx (GOLD) will give you x2 allocation

  • 400,000 staked WAULTx (PLATINIUM) will give you x5 allocation

  • 1,000,000 staked WAULTx (DIAMOND) will give you x12 allocation

How to use and connect MetaMask to BSC and WaultSwap?

Here is a complete tutorial to create and then connect a MetaMask wallet to Binance Smart Chain: https://docs.binance.org/smart-chain/wallet/metamask.html

When your wallet of choice is properly configured, you can access the WaultSwap app and then to click on “Connect Wallet” on the top of the screen.

What is liquidity mining?

Liquidity mining, also known as yield farming, is the act of providing liquidity via cryptocurrencies to decentralized exchanges (DEXs). Since the primary goal of an exchange is to be liquid, DEXs seek to reward users willing to bring capital to their platform.

WaultSwap provides many Liquidity Mining Pools that can earn exceptional APYs!

How does the liquidity mining of WaultSwap work?

Liquidity Mining using WAULTx, WEX, BNB and many other tokens is available in the FARM Section.

Liquidity Mining works with pairs. For example, WEX-BNB, WAULTx-BNB, BNB-BUSD… There are many more LP pairs on WaultSwap to choose from!

If a user wants to participate, he has to provide half USD value with the first token (ie: WEX), and the other half USD value with the other token (ie: BNB) via the Liquidity Section of WaultSwap. You will receive WLP tokens as a receipt for your liquidity, which you can then stake in our farms section, or on Eleven Finance.

What is the difference between farming on WaultSwap and autocompounding on Eleven Finance?

WaultSwap pays rewards in WEX and doesn't auto compound LP's, which means that you have to claim your rewards manually, and choose the best strategy to optimize your incomes.

Eleven Finance uses the Wault.Finance farming contracts to autocompound your rewards multiple times per day. Eleven.Finance can use multiple strategies (typically selling your rewards and to buy more LP tokens for you), saving you many transaction fees. Additionally Eleven does reward a small amount of their tokens $ELE for their users as a bonus, and 50% of the performance fee (2.50%) is used to buyback and burn WAULTx tokens.

How do Wault Yield optimization and vaults work?

Wault Finance has introduced vaults, where everyone can deposit funds. These funds will be used for yield based opportunities, in the market. Vaults are automated yield generators which shift their capital to different opportunities. This will help users reduce the fees for yield farming, as well as reduce the time needed to manage these funds.

How will the Vault strategy work?

Everyone will be able to propose a Vault Strategy. After the proposal, the holders will vote whether to approve this strategy or not. If the proposal is successful, the pool will be available for deposit in 24 hours.

What is the Strategy Creator Wallet?

The wallet which has an approval of a proposal for strategy. It will earn a part of the Vault performances.

What is an Elastic supply stable token?

An elastic supply token works so that the circulating supply expands or contracts due to changes in token price.

How will the stable token WOLD work?

Essentially, it’s an elastic supply token that expands and contracts depending on the demand. If there is an expansion, new tokens will be minted and sent through all the holders in order to keep the price stable. If the demand is low and the price is dropping, there will be a contraction and tokens will get burned.

What is an Automated Market Maker?

An automated market maker (AMM) is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a bonding curve algorithm.

What is a governance token?

Governance tokens are tokens that developers create to allow token holders to help shape the future of a protocol. Governance token holders can influence decisions concerning the project. Holders can propose or decide on new feature proposals or even change the governance system itself.

How will Wault's Governance work?

As we aim to become a 100% community driven platform, the Governance will take any important decisions in the project. If the community does not approve our work and a proposal for improvements is submitted, we can transfer the Developer Keys to a better developer.

Who can make a proposal?

Everyone would be able to make a proposal. Every proposal will cost 100 WAULTx which will go to the Marketing fund of our Platform. For a proposal to be executed, it needs to get 30% of all the votes made and more than a half of these need to be “YES”.

Will Wault's vaults/pools autocompound?

No, like most platforms, stakers will have to manually compound their rewards, or to go to our partner’s website, Eleven Finance, to get their Wault assets autocompounded.

Although, it is possible to propose this as a feature once governance is initiated.

If you have a question on something that isn't covered here, the fastest way to get information is to use the search function on the top left. Otherwise, please contact an admin on our social media which you can find on the Links page.

Gentle reminder, our admins will never send you a private message first! Be cautious with scammers.