Token Utility

Watcher features two types of tokens WAFI & gWAFI.

WAFI which the native token of Watcher Finance Platform, which is supported across the chains (Binance, Ethereum, Polygon, Avalanche, Fantom & Ame Chains) which has the following utilities:

1. Lending & Borrowing

   WAFI tokens can be utilised on Watcher Finance DEFI Books Platform as a collateral for seeking invoice finance and payroll finance. While users can deposit their WAFI Tokens are a collateral they can borrow stable coins such as BUSD, UST, USDT, USDC & DAI at DAO determined lending rates for invoice finance and payroll finance.

2. Transaction Settlement

   WAFI tokens can be utilised as transaction settlement mechanism for user’s invoices on Watcher Finance DEFI Books Platform. While Users have an option to raise invoice in multiple currencies including fiat currencies, the payments for the same can be received in multiple currencies including WAFI which provides the payer with additional discount on payment of invoice through WAFI token.

3. Incentives

   WAFI token is utilised for providing incentives to various users across the Watcher finance ecosystem. Investors, Validators, Liquidity Providers, Borrowers, Stakers, DEFI Books Users would be incentivised respectively in WAFI tokens for using the Watcher Ecosystem based on the APR decided by the DAO.

gWAFI is an ERC-20 governance token received by locking WAFI tokens for a minimum period of six months in the Watcher Ecosystem. The utility of gWAFI is discussed in detailed under the DAO Governance.

Platform Fees

Any fees earned by the Watcher Finance Ecosystem from its users would be split into 80:20 ratio and distributed to gWAFI holders and DAO treasury respectively. The gWAFI holders would earn the following forms of revenue as platform fees:

1. Approval Fees – 0.50% or the rate fixed by the WAFI DAO in the future would be deducted from the investment cleared as approval fees for each passed proposal in the Watcher Finance Guardian Platform.

2. Partner Airdrops – Tokenized Blockchain Projects who wish to enroll their native token as collateral on Watcher Finance DEFI Books platform have to offer the gWAFI Holders Airdrops of their native tokens.

3. DEFI Interest – Interest earned over financing of expenses, invoices and payroll in the Watcher Finance DEFI Books Platform.