UnderStanding WorkQuest Ecosystem's DeFi Incentives

WorkQuest is a blockchain solution powering an online job marketplace that is globally connecting all types of employees with employers, with the power of decentralized smart contracts. The group of minds behind the development of WorkQuest platform aims at making their solution highly convenient and efficient with a low cost for both employers and employees.

WorkQuest ecosystem is equipped with quite a number of DeFi products that are tailored and targetted at different classes of employees and employers, these products includes but not limited to;

WUSD Savings Program: This product is a solution that empower employers and employee with a 5% of their savings per annum in Work USD (WUSD). Irrespective of the amount, employees and workers from any part of the world are free to benefit from this product and grow their wealth. Employers usually pay employees in WUSD, thus after receiving their pay its quite easy to go into a secure and reliable savings in WUSD that comes with interest.

WUSD Liquidity Mining Program: This product is for liquidity miners, 23000 WUSD has been set aside to be distributed as rewards to employers and employees that are interested in adding WUSD/ETH and WUSD/BNB on Uniswap and Pancakeswap protocol respectively. The higher the liquidity that one creates, the greater their WUSD rewards at the end of the month.
Retirment Savings Program: This is a product that has been made available for employees to utilize and choose a percentage of their received salary that will be automatically deposited into their retirement savings with interesr rate. This is quite a feature, similar to traditional employees pension scheme but more transparent and reliable.

P2P Insurance: This is a decentralized insurance fund that have been designed and set aside to support both employers and employees with a good rating. The p2p idea is centered around a set of like-minded individuals with a mutual interest who group their insurance policy to introduce a sense of control, transparency and trust while minimizing cost at the same time.

In Conclusion

WorkQuest collection of DeFi products are no doubts a top notch that could be rivaled only by a few of similar products in the space, it would be quite rewarding to consider looking deeper into the DeFi incentives that WorkQuest ecosystem offers. Do follow the links below for much more into the idea of the project in general, thanks.

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Forum user: thefreethinker

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