Overview
WingRiders is a Cardano trading app where people swap ADA and other Cardano tokens, set money aside in shared pools to earn fees, and vote on how the platform runs. It is built with security in mind: people who use a Ledger or Trezor hardware wallet can sign every trade on the physical device, so the keys never leave it1. WingRiders launched in April 2022 and is one of several Cardano marketplaces on the network2.
The team behind WingRiders is the engineering firm Vacuumlabs. Before WingRiders went live, the project raised early funding from groups including Animoca Brands, cFund, Spartan Capital, and EMURGO3. WingRiders has its own community token called WRT, which gives holders a say in how the platform runs.
Key Features
- Swap a wide range of Cardano tokens. WingRiders supports hundreds of trading pairs, with a small handling fee that scales to the size of your trade and goes back to the people providing liquidity1.
- Steady prices when trading stablecoins. WingRiders has dedicated pools for dollar-style tokens such as USDC, USDT, DJED, and iUSD. They are tuned so prices barely move during a swap, which is what most people want from a stablecoin trade1.
- Your ADA keeps earning while it sits in a pool. ADA you place in a WingRiders pool or limit order is automatically delegated to a Cardano stake pool. You collect the regular staking rewards on top of any trading fees the pool earns1.
- Sign every trade from a hardware wallet. WingRiders plugs directly into Ledger and Trezor, including Android support over USB-C and Bluetooth, so swaps and other actions can be confirmed on the hardware device itself1.
- A launchpad and a community vote. Cardano projects can run token sales through WingRiders' launchpad, and WRT holders vote on fees, rewards, and changes to the platform on the Cardano blockchain itself1.
What to Expect
The site lives at app.wingriders.com, with separate tabs for swapping, putting money into pools, staking, farming for extra rewards, joining a launchpad, and voting. You connect a Cardano wallet or a hardware device the first time and pick the action you want from there.
WingRiders' code has been reviewed by the outside firm CertiK. The audit found five low-risk notes, all of which the team fixed before launch4. The newer code for the marketplace, launchpad, and other features is published openly on GitHub so anyone (or any auditor) can read it.
Farming reward rates are set by the community vote and change over time.
