Wand Project Introduction, Team, Financing and News

Performances

RD Popularity Index

263.70% (24h)

0100200300400500

Project Rank: 6055/15432

RD Growth Index

0100200300400500

Project Rank: --/15432

Comparison

Event Calendar

Mar 1, 2024

Wand launches on the mainnet

Follow Updates

Follow Lists

People

Details

Wand is a structured IPFi protocol on the Story network, focusing on tokenizing intellectual property (IP) assets and bringing them into DeFi. Through a collateralized debt position (CDP) mechanism, users can collateralize asset tokens corresponding to IP assets to mint two tokens: USB (stablecoin) and margin (leverage token). Users can collateralize, redeem, and convert between tokens via the vault contract. Wand offers a yield module with PtyPool contracts for staking swaps between asset tokens and USB, with rewards independent of staking duration. The protocol aims to provide liquidity for IP assets and support various risk-appetite investment strategies.

Tags:

DeFi

Derivatives

Ecosystem(1):

Story Protocol

Founded:

2023

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