This Thursday, 9/2 at 3PM UTC, we’ll be launching WUSD minting+redeeming on Polygon!
Slightly different from BSC, on Polygon you will mint WUSD using USDC as collateral. The same 90% USDC and 10% WEXpoly collateralization ratio will hold steady, along with WUSD’s other stability mechanisms which you can read about here.
Take a Dip in the WUSD Pools
The featured rewards pool will also be WUSD-USDC, which will have significant stablecoin APYs.
To start with, the max mint per transaction will be lower on Polygon at $80k, and we will raise it over time.
If you haven’t already read about WUSD, you can find more info on it here.
For now, WUSD will not be cross-chain exchangeable between Polygon and BSC but we’ll look to make this happen in the future. So look forward to that and more use-cases for WUSD!
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