stWemix Listed on Domestic Virtual Asset Exchange Gopax
The native token 'stWEMIX' of WEMIXFi, a DeFi (decentralized finance) service based on WEMIX3.0, will be listed on the domestic cryptocurrency exchange Gopax.
According to industry sources on the 3rd, trading support for stWEMIX will begin around 5 PM on the same day. stWEMIX is a certificate token issued to provide liquidity for deposited WEMIX. It holds a value that combines the principal and the staking rewards. The growth of stWEMIX contributes to enhancing ecosystem stability by locking up a large amount of WEMIX.
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Users can acquire stWEMIX by participating in the WEMIXFi liquid staking program. Liquid staking is a concept designed to solve the issue of not being able to withdraw assets for a certain period when staking cryptocurrencies. It means issuing derivative tokens equivalent to the amount staked. Even just purchasing and holding stWEMIX on the exchange allows users to gain practical value equivalent to the staking program’s deposit rewards. By utilizing stWEMIX, users can access various DeFi services provided by WEMIXFi, such as collateral, loans, and swaps.
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