Redefining DeFi Lending: Join the WeFi IDO on Spores Launchpad

3 min readMay 10, 2023

Get ready to experience the future of decentralized finance with Spores Launchpad’s highly anticipated IDO launch of WeFi!

WeFi is a revolutionary lending platform that caters to both cautious investors seeking a safe, passive return on their investments and skilled users who are looking to maximize their earnings using leverage and advanced DeFi strategies.

🔷WeFi Highlights & Features

$1.5M USD Raised in Private Round only with the support of Cogitent Ventures, Zebpay, BigBrain Holdings, PHD Capital, BMW capital, Acacia, ChinaPolka
Partnered with some of the biggest players in the Web3 industry such as Polygon, Arbitrum, XDC, Chainlink, Razor network, Uniswap, Quickswap and Xswap, Kyberswap, Dfyn, Kommunitas, Dao Starter, Energent media, Coinband
Successful released “leveraged vault” — a third-generation DeFi product that lets users leverage everything, including leveraged trades, leveraged farms, and leveraged staking
Undergone two audits, with the recent audit completed by Pecksheild — one of the industry-leading blockchain security companies

*Audit Details: https://drive.google.com/file/d/11dArQqQ4f6tI4m28j7auOrUvA3hyfG5K/view

🔷How WeFi Works

With WeFi, you have the power to:

Lend: Simply choose a pool and the digital asset you want to lend, and start earning with the offered APY.
Borrow & Invest: Securely borrow funds and invest using your tokens as collateral. Funds are securely locked in a smart contract until repaid.
Settle: Seamlessly repay the borrowed amount with interest, sell the asset on DEX, and release the collateral instantly.

🔷WeFi IDO Timeline

VIP Round: 15th May, 10:00 am UTC => 16th May, 10:00 am UTC (24 hours)
Triple Limit Round: 16th May, 10:00 am UTC => 16th May, 11:00 am UTC (1 hour)
FCFS Round: 16th May, 11:00 am UTC => 17th May, 11:00 am UTC (24 hours)

🔷WeFi IDO Details

Token Name: WeFi
Token Symbol (Ticker): WEFI
Chain: Polygon
Initial Supply: 980,000 WEFI
Initial MCap (Excluding Liquidity): $291,000
Total Supply: 100,000,000 WEFI
Fully Diluted Value: $30,000,000
TGE Date: 18th May 2023
Listing Price: $0.3
CEX/DEX: QuickSwap
Initial Liquidity Locked Amount in USD: $200,000
Vesting Schedule for Public Round: 40% on TGE. 45 days linear

🔷How to Join the WeFi IDO

Step 1: Register for the IDO To be eligible for IDO participation, please click this link: https://launchpad.spores.app/ido/wefi-ido
Step 2: Receive Email Confirmation After the whitelist closing time, Spores Network will notify you of your Tier Confirmation at least 12 hours before the sale.

🔷WeFi Investors & Partners

WeFi is backed and supported by experienced investors & partners who have been active in the blockchain space for years.

🔷WEFI Tokenomic

The WEFI token boasts governance utilities such as:

Voting rights on proposals
Staking by locking tokens
Lower margin required for loans
0%-30% protocol revenue

🔷WeFi Roadmap

Project Official links:

🌐 Website | 🐦 Twitter | 🔉 Medium | 🔈 Telegram

About Spores

Spores Network is a leading multi-chain launchpad for IDOs and INOs, committed to supporting high-quality web3 projects with comprehensive solutions that go beyond funding. Join Spores as we revolutionize the world of decentralized finance and empower the next generation of creators and entrepreneurs to achieve their goals.

Join our collective. Tell your story. Share our vision, at Spores Official!

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