> For the complete documentation index, see [llms.txt](https://waypay.gitbook.io/waypay/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://waypay.gitbook.io/waypay/waypay-insurance-fund-wif.md).

# 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