Question 1

What is WOW's fixed supply?

Accepted Answer

WOWswap's tokenomics sets WOW's fixed supply at 1,000,000 tokens. This figure describes the configured total supply, not the market circulating supply.

Question 2

How does WOW differ from tokens received after depositing into a lending pool?

Accepted Answer

WOW is used for protocol governance and community rewards. Interest-bearing tokens received after depositing assets into a lending pool represent the depositor's share of that pool. Their functions differ, so holding WOW does not itself constitute a lending-pool deposit share.

Question 3

How are WOWswap governance rewards allocated?

Accepted Answer

xWOW is a non-transferable governance token obtained by staking WOW or designated LP tokens. Governance rewards are distributed in proportion to each holder's xWOW share and do not promise a fixed return.

Question 4

Must a holder actually vote to receive governance rewards?

Accepted Answer

No. Under WOWswap's governance rules, staking itself meets the condition for participating in governance rewards; actual voting is not required. Voting participation and eligibility for governance rewards are separate matters.

Question 5

Can tokens be recovered before a governance-staking term ends?

Accepted Answer

No. Tokens committed to governance staking are locked for the agreed term and cannot be withdrawn before the staking period ends. This lock applies to the tokens placed into staking when the term is chosen.

Question 6

Can already staked tokens be changed to a shorter lock term?

Accepted Answer

No. Tokens already staked cannot be re-staked for a shorter period, so changing the staking term cannot end the original lock early.

Question 7

What affects the hourly interest rate (HIR) when opening a leveraged position?

Accepted Answer

The offered hourly interest rate, or HIR, depends on liquidity-pool utilization and the leverage coefficient set by the user. A borrowing rate therefore cannot be inferred from leverage alone, and quotes need not be the same at different pool-utilization levels.

Question 8

What AMM quote limit applies to leveraged buying in WOWswap V2?

Accepted Answer

For a leveraged purchase, WOWswap V2 requires the AMM-based price to be below 102% of the oracle price. For example, with an oracle price of 100 quote units, the AMM price must be below 102 units; 102 exactly does not meet the condition. Meeting this price threshold does not itself guarantee execution.

Question 9

How is a depositor's pool share represented after depositing assets into a WOWswap lending pool?

Accepted Answer

After assets are deposited, the liquidity provider receives interest-bearing tokens representing that provider's share of the lending pool. The tokens record a pool share; their quantity alone should not be read as an equal quantity of the underlying deposited asset.

Question 10

Who determines fees for traders and liquidity providers?

Accepted Answer

Fees for both traders and liquidity providers are protocol parameters collectively decided by WOW holders. The fees for the two participant groups must be understood under their respective applicable rules; being part of the same protocol does not make them identical.

Question 11

Who determines the reward associated with liquidation?

Accepted Answer

Liquidation rewards are protocol parameters collectively decided by WOW holders. They are not a fixed amount that can be inferred merely from carrying out a liquidation; the applicable liquidation-reward rules determine them.

Question 12

If lending rates are governance-controlled, why can a specific HIR still vary?

Accepted Answer

Lending rates are protocol parameters collectively decided by WOW holders, while a quoted HIR also depends on pool utilization and the user's leverage coefficient. Governance determines the rate rules; it does not mean every position receives the same quoted rate.

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