WEST token, a utility token of payment in the Waves Enterprise mainnet, comes to Tsunami Exchange, a new gamified derivative market based on a vAMM (Virtual Automated Market Maker) model.
Tsunami Exchange provides synthetic, virtual liquidity, thus allowing traders to buy and sell derivatives entirely on the blockchain. Rather than real tokens, vAMMs use synthetic assets, such as derivative contracts. No real assets are stored inside the vAMM; instead, traders can make leveraged trades based on collateral in the smart contract vault. Tsunami Exchange is powered by the Waves blockchain and built by the Waves community.
From now on, all the advantages of Tsunami Exchange are available for WEST token. You can open short and long WEST positions and earn from them. Also, you’ll get a part of all your commissions as a cashback in WEST and TSN, a native Tsunami Exchange token (and then you can stake it here, by the way). The amount of cashback depends on the sum and duration of your open positions.
Listing on Tsunami Exchange is our next step towards increasing WEST token utility and price — one of the main Waves Enterprise goals for the nearest future. We are glad to become a part of another technological innovation from the Waves community.