Question 1

What is WET?

Accepted Answer

WET is an SPL utility token issued by HumidiFi on Solana, serving the protocol's staking and trading-fee rebate system. It is not equity in HumidiFi; the project page positions it as a token that supports protocol functionality. HumidiFi is a proprietary liquidity DEX (prop AMM). Its described token-use path is: users hold and stake WET, the protocol reads that wallet's on-chain staking tier when a trade occurs, and then automatically applies the corresponding fee rebate based on that tier.

Question 2

What is the relationship between WET and HumidiFi?

Accepted Answer

WET's relationship with HumidiFi concerns its trading-cost mechanism, rather than making WET the network's native gas asset. HumidiFi uses WET as an input to its staking and fee-rebate system; the rebate obtained, if any, depends on the staking tier that can be recognized on-chain for the trading wallet at that time. Therefore, WET's disclosed use is to allow traders to change their fee conditions for trading on HumidiFi through staking. The token itself does not automatically generate rebates; the staking and trading conditions applicable under the protocol at the time must be met.

Question 3

What is the practical purpose of staking WET?

Accepted Answer

The practical effect of staking WET is to obtain a staking tier that HumidiFi can read on-chain, thereby receiving the corresponding fee rebate when trading on that protocol. The project states that this functionality is available from the first day the token is enabled. The process is not one in which trades are manually reviewed before cash is returned: when a trade occurs, HumidiFi reads the trader's wallet staking tier and automatically applies the rebate associated with that tier. Rebate tiers, eligibility, and actual savings depend on the protocol rules then in effect and the user's staking status; the materials provided by the project do not disclose specific thresholds or rates.

Question 4

How should WET trading-fee rebates be understood?

Accepted Answer

WET trading-fee rebates are discounts applied to HumidiFi trading fees, not separate fixed returns. The key steps are that users first stake WET to establish an on-chain staking tier, and the protocol subsequently reads that tier for each trade and automatically applies the corresponding rebate. Therefore, the final amount saved is affected at least by the original trading fee, the applicable rebate tier, and whether that trade is executed through HumidiFi. “Rebates may be available” should not be understood to mean that all trades receive the same fee reduction, or that WET holders receive returns unconditionally.

Question 5

What is WET's supply?

Accepted Answer

WET has a fixed maximum supply of 1 billion tokens. Here, “fixed maximum supply” means the protocol discloses a cap of 1,000,000,000 WET; it is not the same as circulating supply at any given time. The project also discloses presale groups and release arrangements, but circulating supply will additionally be affected by the actual execution of sales, allocations, locks, and unlocks. Therefore, maximum supply can be used to understand the overall cap, but cannot directly substitute for tradable supply.

Question 6

How are WET's sale and presale eligibility arranged?

Accepted Answer

WET's disclosed sale method is a token sale through Jupiter's Decentralized Token Formation (DTF), including the Wetlist presale, presale allocations for Jupiter stakers, and a first-come, first-served public presale. The page describes DTF as a presale model with on-chain transparency and configurable controls. The Wetlist is for whitelisted wallets, with the project listing HumidiFi users, active and materially contributing participants, and the Discord community among eligible groups; the public presale is not a whitelist reservation. Eligibility, allocations, and participation restrictions should be assessed according to the rules applicable at the time of the actual sale.

Question 7

What network and token-identity considerations apply when using WET?

Accepted Answer

WET uses Solana's SPL token standard, so transferring, staking, or interacting with it in applications requires connecting to the Solana network and paying the transaction fees required by that network. Do not identify an asset solely by its name or ticker. The mint address displayed in a wallet should be checked against HumidiFi Token's public token page; the mint address is the on-chain identifier that distinguishes tokens with the same name or ticker. Selecting the wrong network or using an incorrect mint address will prevent interactions from being completed as intended.

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