WSB DApp is a community-owned decentralized version of r/wallstreetbets, the group behind the highly publicized short squeeze of stocks including Gamestop that were being massively shorted by hedge funds. The governance token WSB boasts utility well beyond the norm and recently was listed on ProBit Exchange.
As part of the underlying corporate vision, the platform also includes the WSB DAO which specifically encourages the free flow of information and offers an alternative to centralized financial institutions.
Centralized asset custodians derive substantial revenue from financial product sales such as bonds and derivatives while firms that create financial products have full autonomy over key features including fee structures and governance details at the product’s conception.
Utilizing blockchain technology, the WSB DApp democratizes this currently centralized oversight with the Wall Street Bets ETP (Exchanged Traded Portfolio), which mimics the function of traditional financial instrument providers offering decentralized index-fund type instruments. Assets within this portfolio are not confined to trading windows and are borderless, self-custodial, liquid, fungible, and instantly redeemable.
Governance capabilities for WSB holders are diverse and include ETP rebalancing polls, ETP concept pitches, rebalancing frequency votes, and critical industry integration decisions. All ETP products will contain a 2% per annum management fee and WSB token holders will vote to determine the function of these accumulated fees.
WSB DApp brings elevated product diversity and growth potential to a now $100B DeFi sector. With crypto-finance apps and asset management tools at the forefront of the crypto space, WSB DApp has ambitious growth potential and aspirations to support burgeoning projects and the WSB ecosystem through strategic partnerships.
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