Wingriders Partnership & What’s Next

Wingriders & First Partnership

We continue our development and are happy to announce our first exclusive partnership. We are very pleased that our partner has become one of the most technologically advanced DEX in the Cardano ecosystem.

Wingriders is the largest liquidity holder in the DEX segment — at the time of writing TVL is aiming for a 30M ADA.

Our goal is to help each other in adapting technologies for Cardano, sharing knowledge, information support, and mutual integration of the services we are each developing, which of course will benefit our overall contribution to the Cardano ecosystem.

Wingriders will open Yield Farming with double rewards, so those who want to support the Ray Network project with their liquidity can be rewarded with not only XRAY but also WRT token, which will be allocated by Wingriders to support the pool. The APR target for XRAY will be 30%. In the first phase, 5,000,000 XRAY will be allocated for this purpose. The number of WRT tokens will be determined by the Wingriders team — 3000 WRT will be allocated for the first staking epoch and can be changed in the future, and there is also an option to use the Boosting Vault to increase your APR.

Wingriders also gives you the opportunity to vote for a Cardano pool to which ADAs will be delegated from the liquidity provided. So liquidity providers’ ADA will additionally support Ray Network and Cardano work.

In turn, our first step will be to integrate Wingriders’ token exchange and farming features into RayWallet V3, with our visual interface style so as not to interrupt the user experience. This will give access to token exchange and farming from RayWallet Web and PWA desktop & mobile applications in a few clicks without the need to plug in a DApp connector.

So we kindly ask you to move the liquidity from Minswap and SundaeSwap to Wingriders Double Yield Farming Pool: https://app.wingriders.com/pools/af9a1bab395e1b177cbb94e073e25d04898275297d3183b368669e4bda97dc30

Useful Links:

WR Yield Farming: https://docs.wingriders.com/yield-farming
WR Boosting Vault: https://docs.wingriders.com/yield-farming/boosting-vault

RayStake V3

We are in the final stages of development of RayStake V3 and will soon show a demo (early December 22') and then launch a testnet (late December 22'). Then we will be audited by the best Cardano validator company, MLabs, and then launch the full mainnet release.

There will be a separate article about RayStake V3 functionality, but not to wait too long we will describe some of the functionality:

Native ADA Staking
Direct Tokens Staking (static APR)
ISPO Tokens Staking (proxy ADA delegation to the creator pool and giving you his tokens)
Premium Pools (required XDIAMOND locking)
Boosting by XDIAMONDs
Displaying liquidity in Plant style (“mining” gamification of the staking process)
And much more

What’s Next & Roadmap

Next, we have major updates to CardanoList.io, Minterr.io, RayWallet, and the RaySwap and RayPad testnets. Follow our social media updates so you don’t miss any important news!

As for the farming pool in Minswap, unfortunately the Kitten Committee (devs and active members of the Minswap community) refused to open a pool for us — 7 votes in favor, 13 against. Although Minswap and Ray Network community voted 117 votes in favor, and 0 votes against (at the time of the decision). It’s a very strange vote, but that’s their rule, most likely we were rejected due to competition. Link to the vote https://forum.minswap.org/t/adding-xray-yield-farming-pool/2562

To make it clear what we’re working on, we’ve made a handy infographic that you can check out below: