The current real-time price of WEFT is $0.0004. In the past 24 hours, WEFT has traded between $0.0004 and $0.0004, showing strong market activity. The all-time high of WEFT is $0.0504, and the all-time low is $0.0003.
From a short-term perspective, the price change of WEFT over the past 1 hour is , over the past 24 hours is -0.07%, and over the past 7 days is +7.66%. These figures provide a quick overview of the latest price trends and market dynamics of WEFT on LBank.-16.27%
The live price of WEFT today is $0.0004, with a current market cap of $0. The 24-hour trading volume is 3.3. The price of WEFT to USD is updated in real time.
Before deciding whether to buy or sell WEFT, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WEFT technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WEFT.
How much will WEFT be worth tomorrow, next week, or next month in ? What about your WEFT assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WEFT Price Prediction
Weft Finance is a decentralized application (dApp) on the Radix network, offering a platform for users to lend assets to earn interest and borrow by using assets as collateral. It addresses DeFi challenges by providing a more flexible and user-friendly financial ecosystem. Specifically, it targets Radix XRD holders and liquidity providers, offering solutions for capital efficiency and accessibility within their community.
Users connect their Radix wallet, deposit assets like XRD to earn interest, or use them as collateral for borrowing. A unique aspect is the minting of "Wefties," NFTs representing collateralized positions that can be transferred or used for other financial activities. The platform supports lending, borrowing, and capital efficiency. All transactions are automatically processed via smart contracts, with Weft Finance not directly handling funds, ensuring decentralization.
Weft Finance offers several unique features, including "Wefties," NFTs representing loans and collateral for flexible management. Delegated Borrowing allows one user to guarantee another's loan. Flexible Collateral Ratios enable dynamic borrowing limit adjustments. Weft V2 introduces Efficiency Mode for reduced collateral needs and Isolation Mode to manage riskier assets separately. It also supports Liquid Staked Units (LSUs) as collateral in Weft V2, allowing users to borrow without unstaking, thus continuing to earn staking rewards.
The WEFT token serves as the liquid governance token for the Weft Finance platform. It is distributed as an incentive to both lenders and borrowers, encouraging participation and liquidity. Users also have the ability to stake WEFT tokens to further engage with the platform. The total supply of WEFT tokens is fixed at 100,000,000, ensuring a predictable tokenomics model.
While Weft Finance has undergone security audits, staking WEFT, like all DeFi protocols, carries inherent risks such as smart contract bugs and economic exploits. The Annual Percentage Yield (APY) for staking WEFT is variable, influenced by liquidation events and WEFT token emissions. It can fluctuate significantly, from single digits to triple digits depending on market volatility. Staking rewards require manual claiming and re-depositing into the Stability Pool, as they do not compound automatically.
Weft Finance selected Radix for its robust suitability for DeFi, offering enhanced scalability, composability, and security compared to other layer-1 networks. Radix's distinctive features, such as the Transaction Manifest and Radix Wallet, significantly improve both user and developer experiences. This alignment with Radix's capabilities directly supports Weft Finance's objective of creating a highly scalable, user-friendly, and secure lending platform within the decentralized finance space.
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