Wixpool
Financials
Estimates*
USD | 2023 |
---|---|
Revenues | <1m |
Date | Investors | Amount | Round |
---|---|---|---|
* | $65.0m | Series B | |
Total Funding | CAD88.6m |
Recent News about Wixpool
EditWixpool is an automated liquidity mining platform designed to enhance the efficiency of capital in the crypto asset markets, forming a crucial part of the DeFi ecosystem. The platform allows private users to pool their cryptocurrency assets, which are then placed in liquidity pools across 300 leading decentralized exchanges. This process ensures instant liquidity for decentralized exchanges (DEX) and provides users with a stable income, ranging from 0.5% to 2% of their deposit per day. The revenue generated comes from trading commissions paid by users when exchanging tokens on these exchanges. Wixpool employs the Wixpool Rate Stabilizer (WRS) algorithm to automate the liquidity provision, stabilize income, gather rewards from exchanges, and distribute them to users. The business primarily serves private investors looking to earn a stable return on their cryptocurrency holdings and operates in the decentralized finance (DeFi) market. Wixpool's business model revolves around earning trading commissions and providing liquidity to decentralized exchanges, which in turn generates rewards for its users.
Keywords: liquidity mining, DeFi, cryptocurrency, decentralized exchanges, stable income, WRS algorithm, private investors, trading commissions, liquidity pools, automated platform.