WingRiders Fee Savings Calculator
Compare Trading Fees
Calculate how much you save by trading on WingRiders v1 instead of standard DEXs. WingRiders charges 0% fees for both makers and takers, while most DEXs charge 0.3%.
WingRiders v1 isn’t just another crypto exchange. It’s the first decentralized exchange built natively on Cardano that brought stablecoins to the ecosystem. If you’re trading ADA or Cardano-native tokens, this platform might be worth your attention-but only if you know what you’re getting into.
What Exactly Is WingRiders v1?
WingRiders v1 launched in 2022 as a WingRiders v1 is a decentralized exchange (DEX) built on the Cardano blockchain using an Automated Market Maker (AMM) model. Unlike centralized exchanges like Binance or Crypto.com, WingRiders doesn’t hold your funds. You trade directly from your wallet-Eternl, Nami, or any other Cardano-compatible wallet. That means no KYC, no account freezes, and no third-party control over your assets.The platform’s main goal was simple: fix the lack of reliable DeFi tools on Cardano. Before WingRiders, swapping ADA for other tokens was clunky. Liquidity was thin. Stablecoins? Almost nonexistent. WingRiders changed that by introducing USDC, USDT, DJED, and iUSD as the first stablecoin pairs on Cardano’s DEX scene.
How Does It Work?
WingRiders v1 runs on smart contracts. Every trade, every liquidity pool, every yield farm is executed directly on Cardano’s blockchain. There’s no server to hack, no company to go bankrupt. If the contract works, your trade goes through. If it doesn’t, you’re back to square one-with your keys still in your hands.One of its standout features is batch processing. Instead of processing each trade individually, WingRiders groups multiple transactions into a single block. This cuts down on fees and speeds things up. According to their own Testnet v1.1 documentation, this design allowed them to process more transactions per block than any other Cardano DEX at the time.
They support over 400 Cardano-native tokens, with 44 coins and 76 trading pairs live as of late 2023. The most active pair? USDM/DJED, which hit over $125,000 in daily volume. That’s not huge compared to Uniswap’s billions-but on Cardano, it’s one of the biggest.
Zero Fees? Yes, Really
Most DEXs charge 0.1% to 0.3% per trade. WingRiders v1 charges 0%-for both makers and takers. That’s not a promotion. That’s their business model.How do they stay alive without fees? They don’t. Not yet. Their revenue comes from their native token, WRT. Holders can stake WRT to earn a share of protocol fees (when they eventually launch). For now, the platform operates on burn-and-reward mechanics and community incentives. It’s risky. But it’s also why you can swap ADA for DJED without paying a cent.
WRT’s price spiked 52.41% in a single day at one point, hitting $0.01421. That kind of volatility isn’t unusual for utility tokens in DeFi-but it also shows there’s real interest in the platform’s future.
What Can You Do on WingRiders v1?
You’re not just swapping tokens here. WingRiders v1 gives you four core tools:- Swap-Trade any Cardano-native token pair instantly. No order books. No delays.
- Stake-Earn rewards by locking ADA directly through the platform. No need to delegate to a pool separately.
- Liquidity Pools-Add your tokens to a pool and earn trading fees (when they roll out). Currently, these are non-rewarding, but future upgrades plan to add yield.
- Yield Farming-Provide liquidity to specific pools and earn WRT tokens as incentives. This is where most users are putting their money right now.
They also have a launchpad for new Cardano projects. If you’re early on a token, WingRiders might be where it starts. But be careful-there’s no vetting process. Anyone can list a token. Do your own research.
How Does It Compare to Other Cardano DEXs?
WingRiders isn’t alone on Cardano. Minswap and SundaeSwap are its main rivals. Here’s how they stack up:| Feature | WingRiders v1 | Minswap | SundaeSwap |
|---|---|---|---|
| Launch Year | 2022 | 2021 | 2021 |
| Stablecoins | USDC, USDT, DJED, iUSD | USDC, USDT | USDC, USDT |
| Taker Fee | 0% | 0.3% | 0.3% |
| Maker Fee | 0% | 0.3% | 0.3% |
| Trading Pairs | 76 | 60+ | 50+ |
| TVL (Late 2023) | #3 on Cardano | #1 | #2 |
| Hardware Wallet Support | Yes (Android included) | Yes | Yes |
| Yield Farming | Yes (WRT rewards) | Yes (SUNDAE rewards) | Yes (SUNDAE rewards) |
WingRiders doesn’t lead in TVL or trading volume. But it leads in innovation. It was the first to bring DJED-a decentralized stablecoin pegged to USD-onto a DEX. It’s also the only one with zero fees. That’s a big deal if you’re swapping small amounts often.
Who Is This For?
WingRiders v1 isn’t for everyone. If you’re looking for high liquidity, fast trades on major coins like BTC or ETH, or margin trading, look elsewhere. This isn’t a centralized exchange. It’s a niche tool for Cardano believers.It’s perfect if you:
- Own ADA or Cardano-native tokens
- Want to avoid KYC
- Prefer non-custodial control
- Want to farm WRT tokens
- Don’t mind waiting 5-10 seconds for transactions
It’s not for you if you:
- Trade large sums (slippage can be high)
- Need regulatory protection
- Want customer support when things go wrong
- Expect instant trades like on Coinbase
Security and Regulation
WingRiders is incorporated in the British Virgin Islands. It’s not regulated by any government agency. That means no FDIC insurance. No chargebacks. No legal recourse if something breaks.But here’s the flip side: no one can freeze your account. No one can demand your identity. That’s the trade-off of DeFi. You’re responsible for your own security. Use a hardware wallet. Never share your seed phrase. Double-check contract addresses before approving transactions.
The platform hasn’t released a formal audit report from a third-party firm. That’s a red flag for some. But many Cardano DeFi projects operate without audits-relying on community scrutiny instead. The code is open-source, so technically, anyone can review it.
Performance and User Experience
Traffic data shows WingRiders gets about 1,200 visits per month. That’s tiny compared to top exchanges. But 99% of that traffic is organic. No ads. No influencers. Just word-of-mouth.The bounce rate is 33%-lower than average for DeFi sites. That means people who land on the site stick around. They’re exploring more than one page. The average visit lasts 1 minute and 16 seconds. That’s not long-but for a DEX, it’s decent. People are clicking through swaps, staking, and farming.
The interface is clean but technical. If you’ve used Uniswap before, you’ll feel at home. But Cardano’s transaction model is slower. You’ll wait a few seconds for confirmations. It’s not a flaw-it’s how Cardano works. Patience is required.
Is WingRiders v1 Worth It?
Yes-if you’re deep into the Cardano ecosystem. No-if you’re looking for a general crypto trading platform.WingRiders v1 is a bold experiment. Zero fees? Unheard of. Stablecoins on Cardano? First to do it. But it’s still small. Low volume means slippage. No regulation means risk. No audit means trust is earned, not given.
It’s not the biggest. It’s not the safest. But it’s one of the most innovative DEXs on Cardano. And if Cardano’s DeFi scene grows, WingRiders could be one of the ones that survives.
Try it with a small amount. Test the swap. Try staking. See how the interface feels. If you like the speed and the control, stick around. If you feel uneasy, walk away. That’s the point of DeFi-you’re in charge.
What’s Next for WingRiders?
The team is working on v1.1, which improves batch processing and adds new DeFi features. They’ve hinted at lending, borrowing, and cross-chain bridges in the future. But nothing’s confirmed. Their roadmap says “coming soon” for most features.The real question isn’t whether WingRiders will grow. It’s whether Cardano will grow with it. If ADA adoption picks up, so will WingRiders. If not, it might fade into obscurity like dozens of other early DEXs.
For now, it’s a quiet, fee-free, non-custodial gem in a crowded space. And if you’re a Cardano user, it’s one of the few tools that actually feels built for you-not borrowed from Ethereum.
Is WingRiders v1 safe to use?
WingRiders v1 is non-custodial, meaning you control your own keys. That’s safer than centralized exchanges where your funds are held by a company. But there’s no regulation, no insurance, and no official audit. The platform relies on open-source code and community verification. Use a hardware wallet, never share your seed phrase, and only trade amounts you’re comfortable losing.
Can I trade Bitcoin or Ethereum on WingRiders v1?
No. WingRiders v1 only supports Cardano-native tokens and stablecoins built on Cardano (like DJED and iUSD). You can’t trade BTC, ETH, or tokens from other blockchains. It’s designed exclusively for the Cardano ecosystem.
Why does WingRiders charge 0% fees?
WingRiders doesn’t charge trading fees to attract users and build liquidity. Instead, they rely on their native token, WRT, for future revenue. Holders may earn a share of protocol fees once they’re implemented. For now, the 0% fee is a strategic move to compete with other DEXs that charge 0.3%.
How do I get started with WingRiders v1?
First, install a Cardano wallet like Eternl or Nami. Fund it with ADA or a Cardano-native token. Go to the WingRiders website, connect your wallet, and start swapping, staking, or farming. There’s no sign-up or KYC. Just connect and go.
Is WingRiders v1 better than Minswap or SundaeSwap?
It depends on what you want. Minswap has higher TVL and more users. SundaeSwap has been around longer. WingRiders leads in innovation: zero fees, first stablecoin support on Cardano, and better batch processing. If you care about cost and cutting-edge features, WingRiders wins. If you want more liquidity and proven track record, go with Minswap.
Does WingRiders v1 have a mobile app?
No, WingRiders v1 doesn’t have a dedicated mobile app. But it works perfectly through mobile wallets like Nami (Android) and Eternl (iOS and Android). You can access the platform via your phone’s browser. The interface is responsive and optimized for mobile use.
What’s the trading volume on WingRiders v1?
As of late 2023, WingRiders v1 had a daily trading volume of around $485,000. That’s low compared to major DEXs like Uniswap, which trades billions daily. But on Cardano, it’s one of the top 3 exchanges by volume. Most activity is in stablecoin pairs like USDM/DJED.
Can I lose money using WingRiders v1?
Yes. You can lose money from slippage on low-liquidity pairs, impermanent loss in liquidity pools, or smart contract bugs. There’s also the risk of rug pulls on newly listed tokens. Always check token contracts, liquidity depth, and trading volume before committing funds. Never invest more than you can afford to lose.
Jay Weldy
Zero fees? No way. I tried it last week and swapped 5 ADA for DJED - took 8 seconds, no slippage, and I didn’t pay a cent. Cardano finally has something that doesn’t feel like a scammy Ethereum clone. 🤯
WingRiders isn’t perfect, but it’s the first Cardano DEX that actually feels like it was built by people who use the chain, not just investors chasing APY.
Melinda Kiss
I’ve been using WingRiders for 6 months now, and honestly? It’s changed how I interact with Cardano. I used to delegate ADA and forget about it - now I farm WRT, stake directly on the platform, and even add liquidity to USDM/DJED.
The interface is clean, the wallet integration is seamless, and the fact that I never had to submit KYC? Huge win. I don’t trust centralized exchanges anymore. This is DeFi done right.
Christy Whitaker
Zero fees? Cute. You know what else is ‘zero fees’? A Ponzi scheme that’s about to implode. They’re burning WRT to keep people hooked, but when the incentives dry up, who’s left holding the bag?
And no audit? Please. Open-source doesn’t mean safe. It just means you’re the guinea pig.
Nancy Sunshine
It is imperative to note that WingRiders v1 represents a paradigmatic shift in the Cardano decentralized finance ecosystem. The absence of trading fees constitutes a radical departure from the prevailing AMM model, which has historically relied on fee-based revenue structures.
Furthermore, the integration of DJED - a fully decentralized, algorithmic stablecoin - onto a native Cardano DEX is a landmark development in the pursuit of non-custodial monetary sovereignty. The platform’s batch processing mechanism, while technically rudimentary, demonstrates a sophisticated understanding of on-chain scalability constraints.
One must, however, remain cognizant of the inherent risks associated with un-audited smart contracts, particularly in the context of impermanent loss and liquidity fragmentation. Nevertheless, the strategic positioning of WingRiders as a community-driven, non-KYC alternative renders it a compelling subject for academic and practical inquiry.
Ann Ellsworth
Ugh. WingRiders? Please. It’s just another ‘Cardano-only’ gimmick for degens who think ‘no KYC’ means ‘no responsibility’. I tried it. Slippage on USDM/DJED was 7% on a $200 swap. And WRT? It’s a meme coin with a whitepaper written in Discord.
Also, ‘batch processing’? That’s just a fancy way of saying ‘your transaction sits in a queue for 10 seconds’. Meanwhile, on Solana, I’m swapping in 200ms. Get real.
And don’t even get me started on the ‘community audit’ nonsense. If you need 100 people to read your code to find a bug, you’re not secure - you’re just lucky.
Catherine Williams
Y’all are missing the point. This isn’t about volume or speed. It’s about freedom.
I’m a mom in Ohio. I don’t care about DeFi jargon. I just want to trade my ADA without some CEO freezing my account because I’m ‘high risk’. WingRiders lets me do that.
I’ve lost money on bad tokens - yeah. But I’ve also earned more in WRT rewards than I did in 6 months on a centralized exchange. And I never had to give them my driver’s license.
It’s not perfect. But it’s mine. And that’s worth more than a 0.3% fee any day.
Stop comparing it to Uniswap. This is Cardano. We’re building something different.
Sharmishtha Sohoni
WingRiders has the best UX on Cardano. Simple, no fluff. And 0% fees? Game changer.
Just use a hardware wallet and you’ll be fine.
Layla Hu
I’ve used Minswap, SundaeSwap, and WingRiders. I stick with WingRiders for one reason: no fee. Everything else is noise.
But I don’t stake more than I’m willing to lose. That’s just basic.
Nora Colombie
Cardano is the future. And WingRiders? It’s the only DEX that actually gets it. All these other chains are just trying to copy Ethereum. But here? We built something real.
Stop comparing us to Solana or Avalanche. We don’t need their speed. We need their soul. And WingRiders has it.
Also, zero fees? That’s American innovation right there. Nobody else would dare.
Greer Dauphin
Bro, I swapped 10 ADA for DJED and it took longer than my coffee to brew. But hey - no fees 😎
Also, WRT went from $0.002 to $0.014 in a week. Someone’s making bank. Just not me. 😅
Still, I’ll keep using it. It’s like the crypto version of a mom-and-pop shop. Weird, slow, but kinda charming.
Katherine Alva
There’s something poetic about a platform that doesn’t charge you to use it.
It’s like a library that lets you borrow books for free - except the books are money, and the librarians are smart contracts.
WingRiders isn’t trying to be the biggest. It’s trying to be the most honest. And in crypto? That’s rare.
❤️
Shari Heglin
The assertion that WingRiders v1 is ‘innovative’ is empirically unsubstantiated. Zero trading fees are a temporary subsidy, not a structural advantage. The absence of a third-party audit constitutes a material risk factor. Furthermore, the platform’s market share remains negligible relative to its competitors. The claim of ‘first stablecoin DEX on Cardano’ is technically accurate but functionally insignificant given the low liquidity and trading volume.
Therefore, the characterization of WingRiders as a ‘gem’ is misleading and potentially harmful to retail participants.
Mani Kumar
Cardano is India’s blockchain. WingRiders is a Western gimmick. DJED? USDC? Why not build an Indian stablecoin? This is just crypto colonialism.
And zero fees? You think this is sustainable? No. It’s a trap for the naive.
Tatiana Rodriguez
I don’t know what to believe anymore. I spent 3 weeks researching WingRiders. I read every GitHub commit. I watched every YouTube video. I even joined their Discord and asked 17 questions. I cried once when I saw the batch processing diagram.
It’s not perfect. The UI is a little clunky on mobile. The WRT token is volatile as hell. But it’s the first time I’ve felt like I’m part of something real - not just gambling.
I staked $100. I got $0.80 in rewards. It’s not life-changing. But it’s mine. And I didn’t have to give my SSN to get it.
I don’t know if this survives. But I hope it does. Because if it doesn’t… what’s left?
Britney Power
Let’s be brutally honest: WingRiders v1 is a graveyard for retail investors. The 0% fee model is a liquidity trap - it attracts users, but without sustainable revenue, the protocol collapses under its own weight.
WRT’s price spike? A pump-and-dump orchestrated by insiders who knew the tokenomics were unsustainable. The fact that you’re still defending this as ‘innovative’ proves how badly the Cardano community needs a reality check.
And let’s not ignore the elephant in the room: the entire platform runs on a single, un-audited smart contract. One bug. One exploit. And your entire staked balance vanishes.
This isn’t DeFi. It’s a casino with a whitepaper.
justin allen
Y’all act like WingRiders is the second coming. Bro, it’s a website with a wallet connector. No one’s getting rich here. I made $2 in WRT rewards last month. My dog makes more.
Also, ‘first stablecoin DEX’? Cool. But DJED is basically a meme with a whitepaper. USDC on Cardano? That’s just a bridge. Not even native.
Stop hyping it. It’s not special. It’s just… there.
ashi chopra
I’m from India. I’ve seen so many crypto projects promise the world and disappear.
But WingRiders? It’s quiet. No influencers. No ads. Just people swapping tokens.
I don’t know if it lasts. But for now? It feels real. Like the internet before it became a circus.
Akash Kumar Yadav
WingRiders is a joke. Zero fees? That’s how you attract bots. Slippage on small pairs is insane. And DJED? It’s a centralized stablecoin pretending to be decentralized.
Cardano devs need to stop chasing Ethereum’s shadow. Build something original. Not this.
samuel goodge
WingRiders v1, while not without its vulnerabilities, represents a fascinating socio-technical experiment: a decentralized exchange operating without fee-based incentives, reliant instead on speculative tokenomics and community goodwill.
Its batch-processing architecture, though not novel in isolation, demonstrates an elegant adaptation to Cardano’s UTXO model - minimizing on-chain bloat while preserving transactional integrity.
That said, the absence of formal audit documentation remains a critical epistemic gap. One cannot, in good faith, claim security without verifiable proof of robustness.
Still - the fact that it persists, despite low volume, no marketing, and zero institutional backing, suggests a deeper truth: users value autonomy over efficiency.
And perhaps, in an era of surveillance finance, that is the most radical innovation of all.
Jay Weldy
Just tried the new v1.1 beta. Faster. Less lag. They fixed the wallet disconnect bug. Still no fees. Still no KYC.
They’re not chasing volume. They’re chasing trust.
And honestly? I think that’s the only thing that’ll save DeFi.