WayPay Insurance Fund (WIF)
WayPay Insurance Fund
WIF is the acronym for the WayPay Insurance Fund which is a separate wallet in WayPay's echo system. The WIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the WIF wallet.
Rebase rewards which are distributed every 30 minutes at a rate of 0.02083% are backed by the WIF parameter, This is to ensure a high and stable interest rate to $WPAY token holders.
9% of trading fees (buy and sell) are stored in the WayPay Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
WIF Keep's holders safe by:
Avoiding flash crash through price stability
Achieving long-term sustainability and future growth of the WayPay Protocol
Greatly reducing downside risk
Last updated