Reducing the asset’s risky component with the WorkQuest Token (WQT)

Having yourself some of the WorkQuest tokens Is the perfect scenario suffice to say, we all gun for. It puts us in the front footing from all angles. You earn from gaining work on the platform and also get a say in the running of affairs in the Organization ie. DAO. The WUSDand WQT tokens fulfill these respectively. 🫡

However, have you thought of how you are shielded from the risks that come with holding these tokens? 🪙

Well, here’s how that works. The focus is going to be on WQT which is readily listed on exchanges. 🙇‍♀️🙇🏾

As collateral, WQT is used to preserve your WUSD asset. The way it works is as follows. In addition to providing liquidity, WQT is used as a collateral to protect the Value of your assets which in this scenario is WUSD from plummeting. The idea behind WUSD as a stable coin is that you should be able to exchange 1 WUSD for 1 USD. The collateral here ranges from 103% to 200%. Meanwhile, the lower bound for USDT/USDC pools is set at 102% and that for ETH/BNB/WQT pools is set at 150%.

This shields you from the volatility that comes with crypto tokens and helps you absorb the shocks.🫢😮😱

This goes a long way to ensure that the assets you have do not lose value. We wrote extensively on the inner workings in this article. 😊

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