MERGE into $VULT
https://app.weweswap.com/merge
Last updated
https://app.weweswap.com/merge
Last updated
Overview
WEWE holders can merge their WEWE tokens into VULT tokens using the Merge Contract. The initial ratio for conversion is set at 1:1000 (1 VULT = 1000 WEWE). The VULT acquired on Base will be locked.
Total VULT in Merge Contract: 10 million VULT
Total WEWE in Merge Contract: 10 billion WEWE
Starting Conversion Ratio: 1 VULT = 1000 WEWE
Total VULT: 100 million
Total WEWE: 100 billion
The conversion ratio starts at 1:1000.
The conversion rate changes as WEWE is converted to VULT, following the formula:
If the owner enables two-way conversion, VULT holders can convert back to WEWE using the formula:
Starting Balance: 10bn "WEWE" balance with 10m VULT balance.
First Conversion: The first 1000 WEWE get 1 VULT.
Last Conversion: At Max Cap 1000 $WEWE gets around 0.00827 $VULT.
WEWE supply Swaps 1% = 1 billion WEWE
10% SWAP: With the increase in WEWE balance, the rate changes to 1 VULT = 2000 WEWE.
33% SWAP: The conversion rate starts at 1 VULT = 4300 WEWE.
67% SWAP: The conversion rate starts at 1 VULT = 7700 WEWE.
MAX: At the maximum conversion, the rate changes significantly, starting at approximately 1 VULT = 11k WEWE up to 121k.
The maximum amount of WEWE that can be converted is 100 billion WEWE for 10m VULT, which would deplete the Merge Contract's VULT balance.
Expected User-flow
User enters the amount of WEWE they wish to convert.
The interface calculates and displays the amount of VULT they will receive using the calculateVULT function.
User clicks "Approve" to allow the merge contract to transfer WEWE.
User clicks "Convert" to complete the conversion.
The interface confirms the transaction and locks the VULT.
User Interface Elements
Input Field: Users can enter the amount of WEWE they wish to convert.
Conversion Rate Display: This shows the current conversion rate and the amount of VULT the user will receive.
Approve Button: To approve the merge contract for transferring WEWE.
Convert Button: To initiate the conversion process.