Wavelength is NOT a traditional AMM. We have an array of features that separate us from traditional AMMs and other protocols on the Velas chain. These include: Automated Index Funds, Stable Pools and a Smart Order Router.
You can obtain VLX on BSC through AMMs like PancakeSwap, but how do you get it to Velas Chain?
I have no gas fee! HELP! After you bridge to Velas, you will need some VLX gas to perform transactions on the network. Velas has you covered! You can use some free VLX gas to swap tokens for more VLX for gas. Here’s how you get it : 1- Go to https://stakely.io/en/faucet/velas-vlx 2- Follow the directions on the website. 3- Once you've received the small amount of gas, go to the Swap page on wavelength to swap for more VLX so you won't run out of gas.
Neither Velas, nor Multichain will offer any migration services for wrapped assets . If you happen to own wrapped assets on Vela's chain that were NOT ISSUED by Multichain and you wish to use Wavelength, you must either: 1) Bridge other assets from different networks via Multichain; 2) Bridge your wrapped assets back to the original networks and then rebridge to Velas via Multichain bridge.
There are 2 ways to acquire Wave Tokens: 1- You can buy Wave tokens from liquidity pools. 2- You can provide liquidity to any incentivized liquidity pool and you will earn Wave Tokens as rewards.
If you are providing liquidity for any incentivized Liquidity Pool you will have the option to Stake your Lp’s for rewards in Wave Tokens. Community Pools can’t be staked for Wave Rewards, it will only get rewards from swaps as underlying tokens in the LP.
If you are providing liquidity for any incentivized Liquidity Pool you will have the option to Stake your Lp’s for rewards in Wave Tokens. Community Pools can’t be staked for Wave Rewards, it will only get rewards from swaps as underlying tokens in the LP.
Wavelength pools are permission-less, meaning anyone can create a liquidity pool with any token and %’s (per ex:60%vlx-40%usdc or 90%vlx-10%usdc), allowing users to choose how much exposure to tokens they want when providing liquidity. To create a pool, you need to go to the Wavelength website => invest => Compose a pool.
Swapping tokens on Wavelength is a very similar experience to that of other protocols alike. In other words, it is effortless. If you have never used an AMM Dex, follow the steps: Connect your desktop or mobile wallet to Wavelength by clicking on the “Connect Wallet” on the top right button; Select the two assets you want to swap. On top is the one you are selling, and on the bottom is the buying one; Input the amount you wish to buy; Check the slippage and the minimum received of the token you’re buying. The less slippage you suffer, the more you will receive; Click the “swap” button on the bottom of the swap interface; Make sure to have enough $VLX in your wallet to pay the gas fee and sign the transaction. Now just wait a couple of seconds for your transaction to be confirmed (your wallet should notify you); And that is it! Your swap is successful!
Aimed at being a flagship in the rebirth of a DeFi ecosystem, Wavelength has been designed and built to be the liquidity-hub of Vela's blockchain. Wavelength will act as the core piece for both users and developers. Users enjoy a variety of products, such as AMM trading with maximum liquidity, low slippage, and an array of liquidity provision opportunities. Developer teams can leverage our pools to build protocols such as Liquidity Mining, Lending, and Borrowing, Yield Aggregators, etc. Wavelength will also invest in and support teams building on Velas as part of the Velas DeFi Incubation Program and the Partnership Incentive Program. These efforts are aimed at promoting and accelerating the growth of Velas’ DeFi ecosystem.
There are three relevant parties to consider when discussing the deployment of the Wavelength Protocol, its maintenance and its positioning. The Velas Defi Incubation Team, which funded the initiative and aided in strategic decisions and acquisitions, the developer Team, who built the project and is responsible for maintaining it, and Velas itself, which directly contributed resources and facilitated a successful launch. Each of these counterparties has voting power in strategic decisions made by the Wavelength DAO that said protocol-specific decisions are the responsibility of the development team and Incubation Team, both counterparties represented in the Treasury multi-sig wallet. While ecosystem-focused, decisions will be voted on by all counterparties represented in the Velas Ecosystem Fund.
Wavelength’s goal is to Rebuild the Velas Defi Ecosystem and advance the chain’s potential by being the bedrock for innovation and utilization of the chain. It is an ecosystem-first AMM designed for the sole purpose of revamping Velas Defi. As such, Wavelength enjoys direct support from the chain in achieving our mutual goal of growing Velas to new heights.
Funds allocated to the treasury will be used for marketing, partnerships of all kinds, developer grants building on top of Wavelength, protocol maintenance, or WAVE Protocol Owned Liquidity. The treasury will never use $WAVE tokens for any reason apart from the ones mentioned before.
The Wavelength developer team, is a multi-faceted group of committed individuals with extensive experience in developing, maintaining, and managing Web3 based businesses.
Yes! Chainsulting, a well-known company in Web3 cybersecurity, audited Wavelength’s code. Our contracts are safe for you to interact with.
Multichain is our Official Liquidity Partner! Wavelength is the liquidity host for Multichain wrapped assets on-chain.
Wavelength is NOT a traditional AMM. We have an array of features that separate us from conventional AMMs and other protocols on Velas. These include: Automated Index Funds; Stable Pools; Smart Order Router
In the Wavelength website go to the Invest section and you will see the list of incentivized pools. You can provide liquidity by depositing any of the assets of the liquidity pool or several tokens presents in the pool. You can also withdraw for the several tokens of the pool or to a single asset of the pool of your choice.
Wavelength is a next-generation AMM (Automated Market Maker) on the Velas Network, built on BalancerV2's ingenious system. Wavelength allows for low-slippage trading through highly efficient customizable liquidity pools aimed at revolutionizing Defi on Velas and modernizing the ecosystem.
Our Automated Index Funds, otherwise known as Weighted Pools, are Liquidity Pools that take in up to eight tokens instead of the normal two. The Automated Index Funds have set percentages that each asset should always represent. Arbitrageurs are responsible for re-balancing the pools since there are arbitrage opportunities whenever the pool is unbalanced.
The Smart Order Router is the automatic system of routing orders that finds the best possible prices. It is what allows Wavelength to offer its users a low slippage trading experience even in scenarios of less-than-optimal liquidity conditions.