A new DeFi project created by members of the Wallstreetbets community

Due to Wall Street Bets at the beginning of this year, a new trend was launched, which put retail traders purchasing the so-called dead stocks. They include, among others AMC and GME. Recently, the community representing the Reddit r / walllstreetbets forum announced the creation of a new project.

New project from the creator of Wallstreetbets

In early 2021, Fr. Wall Street Bets it got really loud. While the enthusiasm around the r / walllstreetbets Reddit forum has faded somewhat over the past few months, its community has decided to recall itself again. The group representing her recently launched the DeFi project which they named wsbdapp.com.

His presentation was published at the end of August on social media, and its co-creator is Jaime Rogozinski - founder of the Wallstreetbets community. Thanks to the Wallstreetbets application, investors will be able to exchange synthetic stocks based on blockchainie. As announced, trading on the platform is to take place seven days a week, all days of the year.

Synthetic tokens can be exchanged at wsbdapp.com

The group declaring affiliation with Reddit r / walllstreetbets has created a new DeFi platform, which is a decentralized application (dApp). The wsbdapp.com protocol allows users to exchange tokens, similarly to decentralized exchanges (DEX). It is about the so-called synthetic tokens that are based on blockchain technology, while representing shares listed on the stock exchange.

During the summer Uniswap decided to withdraw 100 tokens, with many synthetics related to goods and shares in this group. There has been speculation that the coins were withdrawn by the DEX due to the risk that US regulators might classify them as unregistered securities.

WSB token

Tool wsbdapp.com has its own token native called WSB, used in liquidity pools and staking.