Announcing Eleven Finance x Wault Finance Partnership!
We are so happy to announce the partnership between Wault Finance and Eleven Finance.
Eleven Finance from launch has places a huge focus on adding value to the BSC ecosystem and has done this through yield optimisation and vault strategies. We’ve supported vaults and strategies for a number of projects that we feel followed this value add approach, none more so than Wault Finance and it’s IDO’s. With the launch of WSwap and it’s token WEX we are taking this to the next level.
By linking our two platforms, WSwap users will have the easy option to, once they’ve added LPs, to then deposit these in a corresponding Eleven Finance vault. Once in our vaults, these LPs go to work autocompounding to maximise APY. Additionally these users can stake in our farm to earn ELE for even more rewards.
In exchange we will be making use of our flexible fee model. These WSwap LP vaults will have a 2.5% compounding fee. That is every time the vault is compounding 2.5% will be taken from the pending rewards. This will be split with Wault Finance, used to buyback and burn their WAULTX token, while still working in a similar way to buyback and burn ELE, a win-win for both ecosystems. Keep in mind, the only time Eleven Finance will touch a user’s LPs is the 0.1% vault withdrawal fee.
We are looking forward to further integrate with WSwap and Wault Finance moving forward, so be sure to check them out if you haven’t already.
Also, we’re sure you have, but check out the pending launch of Bigfoot, our leveraged yield farming platform at bigfoot.eleven.finance This is a further, ‘next step’ for Eleven Finance and one we are very proud of.
Keep up to date, and find out more info about everything we are doing at:
Telegram ANN: t.me/ElevenAnnouncements
Check out our new partners Wault Finance at:
Telegram ANN: https://t.me/waultfinanceannouncements