WYND DAO, built on Juno, released the WYND Jungle today, announcing pools and tokens can be added to the new “fully permissionless” decentralized exchange.
“Juno is a permissionless blockchain and WYND is happy to provide a permissionless version of WYND DEX to match this vision,” WYND Representative Pavlov’s Bell said.
We’re excited to announce the launch of the fully permissionless #WYNDJungle! 🍃🌳
No more waiting for on-chain governance to create a pool. Now with WYND Jungle, you can engage in the WYND DeFi ecosystem freely and create a pool for 500 $WYND.https://t.co/B0IBIRHa7a pic.twitter.com/x6awtMUR09
— WYND🍃 (@wynddao) June 19, 2023
WYND DAO maintains its original decentralized exchange (DEX) separate from this new offering, similar to how Osmosis has Osmosis Frontier. WYND’s new exchange allows creation of pools and adding of tokens utilizing native and CW-20 tokens.
Permissionless exchanges should be used with caution as anyone can add tokens to them and users should do their own research on a project before “aping in.” The possibility for rug pulls is higher on these permissionless platforms.
With the addition of WYND Jungle, users will have access to previously unknown coins that do not need on-chain governance proposals to pass before being added. Pools can be created for 500 WYND governance tokens.
Internal incentives for pools created on WYND Jungle will be possible via governance vote. External incentives can be added by anyone with a DAO using this guide.
WYND’s main DEX was created to replace JunoSwap after the team said they would no longer be supporting it. Liquidity from JunoSwap was migrated to WYND after a governance proposal last year.
