The best part of blockchain is available in decentralized cryptocurrency trading platforms. It is possible to trade or swap without any need for any central authority in a decentralized setting. Smart contracts have made this a mature market, with more $85 billion of locked value.

However, most DEXs offer a simple trading experience that allows users to trade one asset against another. WOWswap provides a sophisticated derivative-like trading experience. Users can make up to five times leveraged trades.

Power Tools and AlertsUnderstanding the market’s demand towards having a decentralized exchange, yet with all the power trading tools of CEXs is what defines WOWswap and it has always strived to offer the same services without depending on any kind of intermediaries.

WOWswap celebrates its 1st anniversary with three significant updates. These upgrades bring it closer to being a trading platform.

• WOWswap Pro – A highly functional trading interface, which allows users to control all their positions including debt levels and liquidation prices. With just one click, traders can place short or long positions.
• Limit orders: Are you unhappy with the rate currently in effect? To maximize your trades or to reduce the risk of going into the red, you can use the Take Profit option. You can place limit orders for both Pro and Standard WOWswap.
• Notify me immediately if any open positions are generating high profits so I don’t miss an opportunity. If your position becomes less profitable, you can get prompt notice. To participate in pool fees, you can set up alerts to receive high APY notifications for their lending pools.

A Year Looking Back

WOWswap was founded in April 2021. It has enjoyed unprecedented success ever since. The leveraged trading DEX was initially built on BNB Chain. Now, it is available on Polygon and, IoTeX as well as Metis, Polygon, HECO and Metis chains.

More than 1200 traders traded over 200 tokens, with up to 5x leverage. The total volume of transactions was $15 Million. Monthly average earnings were $1,000,000. Some other notable achievements include:

• Record Breaking Token Sale: In just nine seconds, the $700,000. hard cap was reached.
• Audited by Hacken: WOWswap was cleared without any major issues.
• Wow Governance and Staking: To get governance rewards, stake WOW/BNB tokens or take WOW/BNB tokens.
• Liquidation bot: Operated by WOWswapKeepers, these bots are responsible for liquidating undercollateralized stocks and earning rewards.
• You can take control of your finances by participating in On-Chain Governance.
• Leveraged NFT Trading: Trade your favorite NFT, even if you don’t have the complete money to back it. You can reap all of the NFT value increase benefits by Leverage NFT Trading.

Look to the Future

WOWswap has achieved several milestones in a single year. WOWswap’s driving force has been to create a CEX experience that is free from central control. Although it has many feathers, WOWswap is still moving in the exact direction that users expect.

WOWswap will keep providing world-class services for traders, thanks to its governance model that allows them to determine the parameters of the services it offers.

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