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DeFive

DeFive

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About DeFive

DeFive, formerly known as WigoSwap, is a next-generation DeFi platform on the Sonic blockchain. It offers optimized trading experiences, advanced governance with veFIVE tokens, and gamified staking mechanisms to enhance user engagement.

DeFi

DeFive is a next-generation DeFi platform built on the high-performance Sonic blockchain, delivering lightning-fast swaps, gamified yield farming, and community-first tokenomics. Evolving from its roots as WigoSwap on Fantom—which processed over $1 billion in transactions—DeFive has reemerged stronger and more scalable to support cutting-edge DeFi innovation.

With its new home on Sonic, DeFive provides sub-second finality, up to 10,000 transactions per second, and full EVM compatibility. This enables ultra-fast swaps, engaging gamified features like the Gamified Burning Mechanism (GBM), and seamless liquidity provisioning—all optimized for sustainability, decentralization, and user rewards. Whether you're a developer, trader, or DeFi enthusiast, DeFive offers a frictionless gateway into a vibrant, fast-evolving financial ecosystem.

DeFive represents the evolution of WigoSwap into a comprehensive DeFi suite built for the speed and scalability of the Sonic Layer-1 blockchain. Backed by three years of protocol experience and a proven user base, the platform blends decentralized exchanges, liquidity pools, NFT utilities, and staking incentives into a streamlined user experience. Designed for seamless performance, the platform supports rapid trading while offering generous rewards through its robust yield farming system.

The migration to Sonic has supercharged DeFive's capabilities, utilizing the blockchain’s unmatched infrastructure—supporting up to 10,000 transactions per second with sub-second finality. This ensures minimal latency, gas efficiency, and zero downtime for core operations like swaps, staking, and governance. Developers also benefit from Sonic’s incentive programs including a 90% fee monetization model, 200 million S tokens in funding, and ecosystem-wide airdrops, making DeFive a perfect launchpad for new applications.

At the heart of the platform is the FIVE token, governed by a DAO and used to reward liquidity providers and stakers via emission-based incentives. DeFive distinguishes itself from traditional DeFi projects with a zero team allocation policy and complete emission governance handled by veFIVE stakers. This ensures that community members—not insiders—control the platform’s growth and direction.

A defining innovation of DeFive is its Gamified Burning Mechanism (GBM), which directly links user engagement with token deflation. Every interaction—whether trading, playing mini-games, or minting NFTs—triggers token burns, gradually reducing the circulating supply. Combined with performance-based emissions and DAO-managed governance, this mechanism promotes sustainable tokenomics, deflationary supply pressure, and long-term value retention.

DeFive’s rich feature set positions it among the most progressive DeFi platforms today. Its competitors include SushiSwap, PancakeSwap, and SpookySwap, but DeFive stands apart by combining hyper-efficient infrastructure, gamified user mechanics, and DAO-driven economic control—all under a single, performance-optimized umbrella.

DeFive provides numerous benefits and features that set it apart in the decentralized finance space:

Ultra-Fast Transactions: Built on Sonic, DeFive offers sub-second finality and 10,000+ TPS for truly instant DeFi interactions.
DAO-Controlled Emissions: Emission rates for FIVE tokens are managed entirely by veFIVE holders through on-chain governance, promoting sustainability.
Gamified Burning Mechanism (GBM): DeFive ties user actions to token burns, creating deflationary pressure with every swap, game, or NFT minted.
Fair Tokenomics: No team allocations from emissions—100% of minted tokens go to the community via LP rewards and governance staking.
High-Yield Pools: Competitive APRs for liquidity providers including pairs like veFIVE (35%) and beS/USDC (26%).
Launchpad Integration: DeFive supports new project launches via a burn-to-mint mechanism, increasing FIVE’s scarcity and platform innovation.
Multi-Utility Ecosystem: Participate in swaps, staking, governance, NFTs, and games—all connected to token rewards and burns.
Cross-Chain Growth Potential: As part of Sonic’s interoperable ecosystem, DeFive can access broader liquidity and user bases through secure bridges.

DeFive is designed for rapid onboarding and user engagement across a range of DeFi activities:

Visit the Platform: Navigate to the DeFive website and click “Launch App” to access the platform interface.
Connect a Wallet: Use MetaMask or any Sonic-compatible wallet to connect and begin interacting with pools, swaps, and staking options.
Explore Pools & Yields: View current APRs on liquidity pools and determine where to stake tokens like FIVE, veFIVE, or stablecoins for the best rewards.
Stake or Provide Liquidity: Add tokens to DeFive pools or stake veFIVE to earn governance power and protocol rewards.
Participate in the GBM: Use features like NFT minting or mini-games to contribute to the Gamified Burning Mechanism, supporting the token’s deflation.
Govern with veFIVE: Lock your FIVE tokens into veFIVE to vote on emission policies, platform upgrades, and ecosystem strategies.
Stay Informed: Follow updates and community announcements through the DeFive app, blog, and social channels linked on the official website.

DeFive FAQ

The Gamified Burning Mechanism (GBM) is a unique system that reduces FIVE token supply by linking user actions—like trading, minting NFTs, and playing mini-games—with automatic burns. Around 12.5% of transaction fees are dedicated to burning tokens, ensuring that every user interaction contributes to a deflationary supply. This mechanism makes DeFive more sustainable and rewards active users by increasing token scarcity and long-term value.
veFIVE represents the staked and locked form of FIVE tokens, giving holders voting power in the DeFive DAO. veFIVE holders control key parameters like the emission rate, protocol upgrades, and strategic direction. By decentralizing decision-making, DeFive ensures the platform grows in line with the community’s long-term interests, fostering a truly community-first governance model.
DeFive was previously known as WigoSwap on Fantom, where it handled over $1 billion in transaction volume. The migration to Sonic was driven by the blockchain’s superior performance, including sub-second finality and 10,000 TPS. Sonic also offers developer incentives, secure bridging, and seamless EVM compatibility—making it the ideal foundation for a next-gen DeFi platform like DeFive.
DeFive delivers high APRs through a sustainable emission system governed by the DAO. Emissions are capped at 5 FIVE/sec and can be reduced via veFIVE votes. With no team allocations and up to 70% of rewards going to liquidity providers, the platform ensures that rewards remain competitive while avoiding excessive inflation. Additional burns via GBM further balance token supply and demand.
Yes! DeFive supports passive income strategies through staking and yield farming. You can deposit into high-yield pools or lock tokens to mint veFIVE and earn governance rewards. The platform even gamifies interactions through NFT features and the burn-to-mint launchpad. This means users can earn consistently on DeFive without being an active trader.