5 things you need to know about the upcoming release of defi.finance version 2
At the latest Woonkly Labs Seminar, our CEO, Daniel Santos, presented the latest news and developments of defi.finance version 2
The new version of the Automated Market Maker (AMM) with crypto wallet and crypto exchange licenses (granted by Estonia, a country member of the European Union) is expected to be released by the end of the third quarter of 2021, in September. Our CEO, Daniel Santos, announced the launch date at the Woonkly Seminar held last August 18, 2021.
We share 5 keys about the future of defi.finance that you should know:
1. The WOOP will be both in the BSC and Ethereum networks (on V 2.1)
WOOP is the native token and digital utility of the Woonkly Labs ecosystem. At the Seminar, it was announced that WOOP has already been created within the Ethereum blockchain, and the new functionality is already working perfectly on testnet. The WOOP is going to be on the BSC and Ethereum from version 2.1 onwards and users are going to be able to switch from one network to the other.
2️. It will change to a more attractive design
Version 2.0 of defi.finance will offer users a cleaner, more open layout with more visual breaks. The defi.finance brand will feature new branding elements.
3. It will use technology from Woonkly Labs. Defi.finance 2.0 will have its own pools and proprietary liquidity.
As has been done since the platform’s launch in May 2021, Fridays will be token buyback and burning days, a helpful strategy to combat inflation.
4. It will feature a Cross-chain bridge between the Ethereum and Binance Smart Chain networks
The new Cross-chain bridge between Ethereum and Binance Smart Chain blockchains has no limit on transactions for users, and will be available in version 2.2 of defi.finance.
5️. The launch is expected in September (Q3 2021).
According to Woonkly Labs roadmap and as announced by our CEO, the launch of defi.finance version 2.0 will be in September 2021, and more news about the launch is expected to come sooner.
BONUS. What’s next for defi.finance
Our CEO highlighted that the company is not focusing on having many pools but on having a few with a lot of liquidity of the most relevant currencies and cryptocurrencies.
In this order, he advanced that in version 2.1, it is expected that users will be able to enter to operate in defi.finance with fiat currency (euro, dollar, etc.). While in version 2.2, they will be able to exit or withdraw their funds also in fiat. He also noted that defi.finance’s mobile applications are already in the process of being created.
Want to know more about defi.finance? You can watch the whole Seminar on our official youtube channel: https://youtu.be/OUfBQ9G2VOU