Wemade reveals teaser sites for new DeFi services: Kurrency and Konverter

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  • New DeFi ser­vices Kur­ren­cy and Kon­vert­er launch on WEMIX3.0 main­net on 9 June 2023
  • WEMIX Cryp­to Dol­lar (WCD), a cryp­tocur­ren­cy that min­i­mizes price fluc­tu­a­tions, can be mint­ed via Kurrency
  • WCD to be used on Kon­vert­er, a step-up from exist­ing DEX­es, allow­ing syn­er­gis­tic effects in the WEMIX3.0 ecosys­tem and includ­ing mul­ti­chain support

SEOUL, South Korea, June 2, 2023 /CNW/ — Lead­ing glob­al blockchain devel­op­er Wemade today announced that it will launch new DeFi Ser­vices Kur­ren­cy and Kon­vert­er on the WEMIX3.0 main­net on 9 June 2023.

Kur­ren­cy lets its par­tic­i­pants deposit tokens as col­lat­er­al to mint WEMIX Cryp­to Dol­lar (WCD) to stake and swap. WCD is a cryp­tocur­ren­cy that min­i­mizes price fluc­tu­a­tions, and its role and that of the WEMIX Dol­lar, a sta­ble­coin with 100% col­lat­er­al­iza­tion of USDC cryp­tocur­ren­cy, will be mutu­al­ly complementary.

To design the new DEX Kon­vert­er, the strengths of exist­ing decen­tral­ized exchanges (DEX­es) were thor­ough­ly ana­lyzed and reor­ga­nized for effi­cien­cy. This includes the avail­abil­i­ty of func­tions nec­es­sary for effec­tive Kur­ren­cy use includ­ing swaps between WCD and var­i­ous sta­ble­coins start­ing 9 June 2023. Kon­vert­er, which is expect­ed to be offi­cial­ly launched in the lat­ter half of 2023, will include more com­pre­hen­sive swap ser­vices for more effi­cient exchange between cryp­tocur­ren­cies and a gov­er­nance func­tion that is not restrict­ed by com­pul­so­ry lock-ups.

After launch­ing on the WEMIX3.0 main­net, Kur­ren­cy and Kon­vert­er will focus on expand­ing the use cas­es of assets on the net­work and vital­ize the syn­er­getic effects among DeFi dApps, thus enlarg­ing the vol­ume and uti­liza­tion of the WEMIX mega-ecosys­tem as a whole.

Fol­low­ing future growth, and once usage of Kur­ren­cy and Kon­vert­er has advanced to a sta­ble phase on the WEMIX3.0 main­net, the two DeFi ser­vices are expect­ed to evolve and expand cross-chain to mul­ti­chain func­tion­al­i­ty. The ulti­mate goal is to deliv­er high­er val­ue derived from the WEMIX3.0 ecosys­tem through height­ened inter­con­nec­tiv­i­ty among major blockchains.

Start­ing 2 June 2023, Wemade will be organ­is­ing numer­ous Kur­ren­cy-relat­ed quests and activ­i­ties through which users can gain expe­ri­ence points, in order to encour­age par­tic­i­pa­tion from its community.

Detailed infor­ma­tion on Kur­ren­cy and Kon­vert­er can be found at:

About WEMIX

The blockchain sub­sidiary of renowned Korea-based game devel­op­ment com­pa­ny Wemade, WEMIX is accel­er­at­ing the adop­tion of blockchain tech­nol­o­gy by build­ing an expe­ri­ence-based, plat­form-dri­ven, and ser­vice-ori­ent­ed mega-ecosys­tem that offers a wide spec­trum of intu­itive, con­ve­nient, and easy-to-use Web3 ser­vices for every­one. www.wemix.com

SOURCE Wemade Co., Ltd

For fur­ther infor­ma­tion: Kevin Foo, Glob­al PR, [email pro­tect­ed]

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