About WGMI
WGMI (WGMI) is a cryptocurrency and operates on the Ethereum platform. WGMI has a current supply of 0. The last known price of WGMI is 0.00000017 USD and is up 0.00 over the last 24 hours. It is currently trading on 8 active market(s) with $0.00 traded over the last 24 hours. More information can be found at
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Market Stats
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Additional info about WGMI
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x20f6A313Cb250062331Fe70B9567E3EE5f01888B |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
Euphoria functions as an algorithmic reserve currency protocol on the Harmony network. Harmony refers to a fast and open blockchain designed for decentralized applications (DApps). The Euphoria platform provides economic and game-theoretic dynamics via staking and purchasing bonds. The purpose behind creating the Euphoria ecosystem is to optimize the Harmony network for its growth and wealth.
Forked out of Wonderland, the Euphoria ecosystem has WAGMI tokens at its core, and a hamper of various assets that backs WAGMI. These assets can be DAI, UST, and more available in the Euphoria treasury to give WAGMI an essential value that it can’t fall below. According to the platform docs, Euphoria aims to operate the same as Wonderland and Olympus platforms. Olympus is an algorithmic floating cryptocurrency with a stable purchasing power along with a market-driven value.
In addition to this, Euphoria also wants to bridge the gap between DeFi 1.0 and DeFi 2.0. DeFi 1.0 is nothing but DeFi (Decentralized Finance) protocols launched in 2020 or earlier, and DeFi 2.0 was developed to solve the issues of the DeFi 1.0 protocol.
As mentioned earlier, Euphoria utilizes staking and purchasing bonds to grow the platform economy. Staking for Euphoria is the main value accrual strategy. Users can stake their WAGMI tokens to earn rebase rewards, which are directly generated through bond sales. Rebase refers to a mechanism when a staked WAGMI balance automatically increases.
Staking WAGMI also helps outpace any fall in the token price by converging the constantly falling cost base on zero. Euphoria locks WAGMI when staked in turn for an equal amount of sWAGMI tokens. sWAGMI is a transferrable token of Euphoria and is composable with various DeFi protocols.
Bonding is the next value accrual strategy of the Euphoria platform. Bonds are designed to incentivize users with an attractive reward profile by locking liquidity. As per the platform docs, buying a bond simply means purchasing WAGMI at a discounted rate. For users, minting WAGMI means selling their assets in turn for a protocol bond.
WAGMI is the native token of Euphoria, and the supply of WAGMI is not hard-capped, which means the token supply keeps increasing through multiple platform operations.
According to the platform docs, Euphoria is a fork of Wonderland on the Harmony network. The Euphoria is a part of VenomDAO, and 0xViper plays the role of Euphoria’s lead developer.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.