u.today
We2Net (WE2NET), a novel liquidity protocol and rewards generating system for LPs, shares the details of its upcoming launch procedure, strict third-party security audit and roadmap for the years 2023-2024.
We2Net goes live, deadline for LPs set for April 15, 2023
According to the official announcement by the We2Net team, its mainnet version inches closer to its official public release. The first generation of its liquidity providers should be onboarded until April 15, 2023.
we2net is about to launch, please stay tuned to our official media channels. pic.twitter.com/HJjzjk8iPZ
— we2net (@we2net) March 10, 2023
The protocol is focused on providing a more fair, inclusive and balanced liquidity ecosystem with equal opportunities for early enthusiasts, the founding team and other investors.
This functionality is achieved by locking a portion of the liquidity in smart contracts for a predetermined period. The injected liquidity will be stored in pools on PancakeSwap (CAKE) in order to prevent the network from being whale-dominated. Also, it will remove the opportunity for early contributors to mass-sell their allocations in the first months of We2Net operations.
The protocol's eponymous utility and LP rewards token WE2NET will be dstributed between all investors; 1 WE2NET is currently available at $0.1 in U.S. Dollar Tether (USDT) equivalent. The first LP rewards distribution will take place after the deadline for LPs in April 2023.
Referral program for audited DeFi
To accelerate adoption and advance the visibility of WE2NET, its team launched a generous referral program. Direct referrals can earn up to 50% rewards for their followers. There are six levels to the referral program: direct recommenders get 50% of rewards, indirect recommenders get 25%, Level 3 referrals get 12.5% and so on.
To ensure that its design is secure for all users and liquidity providers, We2Net protocol was audited by CertiK, one of the leading Web3 cybersecurity teams.
pic.twitter.com/OAIBKjlrCR
— we2net (@we2net) February 24, 2023
On the eve of the launch of its first iteration, We2Net released a roadmap for its investors. In 2023, the protocol will unveil a staking farm and its own non-fungible tokens (NFTs).
In Q4, 2023-Q1, 2024, the team will activate a full-fledged mainnet and launch an applications marketplace for various use cases in the Web3 segment.