🧞‍♂️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