Wault Finance (WAULT) (Launched February 2021) is a native cryptocurrency token issued as a BEP-20 crypto-token atop the Binance Smart Chain and is being used for utility within Wault Finance's Ecosystem. Wault Finance is a DeFi (Decentralized Finance) protocol that is dedicated to ensuring effective and user-friendly yield generators and lending aggregators within its ecosystem to connect all of DeFi's features.^[2]

Wault Finance is an organization, birthed as a cryptocurrency project that was launched atop the Binance Smart Chain.

Having gained public attention as it strides into the multi-verse of cryptocurrencies, Wault Finance (WAULT) had its private sale with strategic partners which amassed the ecosystem a 60 ETH hardcap. After the successful completion of the token's private sale on the 18th February 2021, the Ecosystem commences its presale on February 19th, 2021 at 4 PM UTC.^[29]

During the public presale section, users were drilled with a short quiz regarding Wault Finance which was answered as a réquirement with the closure of the Whitelist application after the first 500th applications. A total of a hundred and twenty (120 addresses) got whitelisted and were chosen by lottery principle. Users were also obliged to follow Wault Finance's official Twitter handle.

Wault Finance (WAULT) has not given a public introduction of the ecosystem's core members, neither is there an official pointer to a brain-behind-the-scene-developer.

The ecosystem, built on the Binance Smart Chain, has appeared to be anonymous with its only traceability to the Binance ecosystem. Although, a content provider/ or perhaps a community manager named 'Kent' has helped to offer full scope about the entire ecosystem on the WAULT's YouTube handle.

Wault Finance, having team members all over the world the majority of which are anons, have no defined number of employees within its firm.^[45] The team behind Wault Finance has proven capable of scaling the ecosystem and helping its vision to connect all the DeFi features into a Wault ecosystem.^[41]

The Wault Finance dashboard is an easy-to-use interface, that can be related to by all of the platform's users. The user interface is a description of the "DeFi unifier's" gross summary in a full glance. Relating with Wault's dashboard requires users to connect using their wallets (.e MetaMask or WalletConnect).

The Dashboard offers detailed, yet simple information to its users, beginning from the users' $WAULT balance, to the Protocol Total Value Locked, amount of $WAULT tokens in Circulation, $WAULT Price, the user's order, and the user's transactions.

Being the App interface and first, a user will relate with, practically introduces the user into Wault Finance ecosystem.^[44]

Wault Finance is described as a DeFi (Decentralized Finance) hub that intends to connect or unify all the primary DeFi features within one simple ecosystem on Binance Smart Chain. This crypto-project endorsed by Binance (i.e the Wault's ecosystem), believes that the benefits of Defi should be accessible to the masses but in an intuitive way; avoiding the expensive fees, confusing interfaces, and centralized decision-making of many current platforms. Having these goals, Wault Finance is launching an effective and user-friendly yield generator and lending aggregator that offers time-less benefits to its users, being powered by the $WAULT token.

Wault Finance (WAULT), a decentralized finance protocol, is a Binance supported hub that employs the contributions and works of developers to its open-source codes. with its aim of being a user-friendly yield generator, Wault Finance's decisions for the protocol development will be governed by the $WAULT holders.^[4]

Wault Finance is an open and decentralized governance ecosystem that delegates voting power as regard decision making and all other aspects of the protocol both near and far, to the WAULT token holders. Shouldered with the vision of connecting all the DeFi use-cases into a Wault ecosystem, WAULT's movement is in pursuance to help scale DeFi on the Binance Smart Chain.^[3]

The following specified products are already functional products and/or to be incorporated ones, which are to be utilized within Wault Finance's ecosystem as distinctive features and useable tools to help scale and secure the ecosystem's vision of a unified DeFi:

Liquidity Mining is a network participation strategy in which a user provides capital to the Wault protocol in return for our protocol’s native token. Liquidity Mining of WAULT tokens will be offered for the first several months in order to achieve a fair distribution and reward the platform's early supporters. Two pools were introduced that are available for mining, and which is in order to keep the price high and not let farmers leach the Wault liquidity.^[5]

Wault Finance's Staking pool allows everyone who staked WAULT tokens to receive a portion of the tokens distributed by its Staking Contract.

Additionally, everyone who staked tokens in its staking contract will be able to vote and be a part of the management of the platform.^[6]

Yield Optimization Platform is a WAULT Finance product that is still very much anticipated within its ecosystem as it has not been activated for usage.

This Yield Platform aims to introduce pools (i.e Staking Pools), where everyone can deposit funds. These funds will be used for yield-based opportunities in the market. Vault will be an automated yield generator that is going to shift its capital to different opportunities. This will help the users to reduce the fees for yield farming, as well as reduce the time that is needed to control these funds. Everyone will be able to propose a Vault Strategy. After the proposal, the holders will vote whether to approve this strategy or not. If the proposal is successful, the pool will be available for deposit in 24 hours.^[7] The wallet, which has an approval of a proposal for strategy will earn a part of Vault. Whenever the vault earns $50,000 USD of capital, the funds will be automatically sent to the Liquidity Providers (LPs), and the distribution will be in the amount:

Wault Finance, still in its transitory state, intends to release a stable token ($WOLD).

This is designed to be WAULT's next step of development.

The simple concept behind the whole stable token is to help WAULT's ecosystem as collateral for its Yield Optimization Platform and the ecosystem's Lending platform in near future. The Wault Finance's $WOLD token, issued as an elastic supply token will essentially be utilized to expands and contracts which depends on the demand placed on the token. Provided there was an expansion, new tokens will be minted and sent through all the holders in order to sustain the price stability. Whenever the demand of the Wault's elastic supply token is low and the price is dropping, there will be a contraction and tokens will get burnt.

Three significant phases within Wault's elastic supply are explained below:

As conventional with other tokens with elastic supply, users are to realize that in Wault's expansion phase, with its $WOLD tokens, any buy order in the WOLD pools which indicates more demand, will automatically mint 1% of the transaction volume.

In the contraction phase, any sell order in WOLD pools which indicates lack of demand will overtime reduce at least 1% of the transaction volume.

The tokens get permanently burned causing a contraction in the supply.

The Wault Finance's Automated Market Maker DEX is a proposed product that is to be incorporated into its ecosystem. Wault Finance aims to build an automated market maker Decentralized Exchange (DEX) that will bring even more liquidity to the ecosystem. This is being brought aboard the ecosystem, that it may give Wault even better possibilities for Yield optimization and switch fast and cheap between the tokens themselves.^[10]

The ecosystem's collateral will be defined by the $WOLD and WAULT tokens. The Wault's lending platform aims to give many possibilities for further developments and yield generations. Users are to note that delegated Vault on their tokens is also prepared and will be completed in the future.

Wault Finance aims to become a 100% community-driven platform, in which governance will take any important decisions in the project.

If the community does not approve our work and a proposal for improvements is submitted, we can transfer the Developer Keys to a better developer.

Every amount of $WAULT staked in our staking contract will give its user the same amount of votes in Wault's governance contract.

The votes will be used to decide further developments and changes to the protocol.

The governance protocol is reportedly going to be introduced with the launching of the farms.^[8]

The Protocol of the Wault Finance's governance edges and reclines on the Proposal and Vote vesting, which are described below:

PROPOSAL: Every user of the ecosystem would be able to make a proposal, with each proposal having a cost of 0.1 $WAULT which will go to the Marketing fund of its Platform. For a proposal to be executed, it needs to get 30% of all the votes made, and more than half of these need to be “YES”.****

VOTE VESTING: Users who cast a vote will have 48 hours of vesting on their tokens in the staking contract. This medium is being employed to disallow and discourage manipulations in and during the votes.^[12]

The WAULT locker was provided in response to the users' request for a provable product that guarantees or proof that their contributed funds are safely locked within the ecosystem, which was developed.

Wault Locker is a Decentralized application (DApp) created and used to lock liquidity for certain periods of time and can also be useed to offer similar value as certain prosperous offerings on the ETH Blockchain such as UniCrypt and Team.Finance. However, Wault Locker aims to be the first of its kind on the Binance Smart Chain. With a plan to add Wault Locker into the necessary application layer for new projects building on BSC (Binance Smart Chain), Waut Team believes that this Decentralized application (dApp) will become vital for the growth of the BSC ecosystem.^[42]

Wault Finance (WAULT) is a native BEP-20 cryptocurrency token issued on the Binance Smart Chain as the utility token within Wault Finance. The token's ticker is symbolized as $WAULT and it should be noted that it has a Maximum supply of 1,000,000 WAULT. The token is utilized for staking and it has registered an All-Time High of $47.59 USD on February 25, 2021, and an All-Time-Low of $5.76 USD on February 23, 2021.^[13]

The following are distinctive features of the $WAULT tokens:

The Wault finance is to employ a 3% transaction tax rate which is to be shared between the Wault's Liquidity Providers (LPs), Wault Stakers, the ecosystem's Marketing Fund, and Wault token holders. In other words, that 3% of the amount of every transfer is to go back to the people holding and staking $WAULT, thus giving users more incentives for Staking $WAULT. The WAULT transaction's tax rates are thus divided:

Wault Finance (WAULT) has a total supply of 1,000,000 WAULT tokens. The Wault Finance's ecosystem supports minting, which is limited to the token's total supply. This means that the minting function as permitted within Wault Fiance ecosystem, cannot be allowed beyond the $WAULT's Maximum Supply (i.e 1,000,000 WAULT).

For the $WAULT's initial Supply, 500,000 WAULT will be produced in the deployment of the contract.

The Wault Finance's native token, $WAULT, is allocated to the following section as follows:

Liquidity Mining of WAULT tokens is made available for the first several months, in order for them to be distributed well around the users of the platform.

The initial Reward/Block rate will be (4) and it will be reduced by 50% every 10 days.

Within Wault Finance's ecosystem, Liquidity pools are available for mining. This is done in order to keep the price high and not let farmers leach the WAULT liquidity, thus introducing only two pools, which are:

Users interested in Staking liquidity and normal tokens within its ecosystem are to:

Currently, the available Cryptocurrency Exchange that supports and allows purchasing of Wault Finance (WAULT) tokens is PancakeSwap.^[13]

Wault Finance (WAULT) is an organization that has been audited by an external audit through CertiK (CTK), and has obtained asset insurance. Reports from the auditing exclude Wault Finance (WAULT) as an ERC-20 token but explain that it fulfills the interface of IERC20 and that the majority of the ecosystem's functions have introduced customized features that reflect the business logic. The Wault's Liquidity Mining was audited, its Staking also amongst other contract walkthroughs audits. The result of the audits reveals that the Primitive Scores averaged 98% mark, which is detailed as:

Wault Finance (WAULT) is reachable on common social media handles. So, users can contact them on Telegram, Twitter, join the platform's Discord channel, YouTube, and Medium.^[43]